Mastercraft Boat (NASDAQ:MCFT) Upgraded at Zacks Research

Zacks Research upgraded shares of Mastercraft Boat (NASDAQ:MCFT) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on MCFT. Truist Financial set a $21.00 price objective on Mastercraft Boat in a research report on Friday, October 24th. Loop Capital assumed coverage on Mastercraft Boat in a research report on Monday, December 22nd. They set a “hold” rating and a $21.00 target price on the stock. Seaport Res Ptn upgraded Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen cut shares of Mastercraft Boat from a “strong-buy” rating to a “buy” rating in a research report on Monday, December 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.67.

Mastercraft Boat Price Performance

NASDAQ:MCFT opened at $22.34 on Wednesday. Mastercraft Boat has a one year low of $14.39 and a one year high of $23.93. The company has a market cap of $363.92 million, a PE ratio of 23.03 and a beta of 1.06. The firm’s 50 day simple moving average is $19.27 and its 200 day simple moving average is $20.35.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.12. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $66.96 million. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 EPS. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. Equities research analysts expect that Mastercraft Boat will post 0.62 EPS for the current year.

Insider Transactions at Mastercraft Boat

In related news, major shareholder Coliseum Capital Management, L bought 25,000 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average cost of $19.66 per share, with a total value of $491,500.00. Following the completion of the purchase, the insider directly owned 3,697,422 shares of the company’s stock, valued at $72,691,316.52. This trade represents a 0.68% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Fund L.P. Forager sold 58,066 shares of Mastercraft Boat stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $20.37, for a total transaction of $1,182,804.42. Following the sale, the insider owned 1,699,928 shares of the company’s stock, valued at approximately $34,627,533.36. The trade was a 3.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have bought 134,807 shares of company stock valued at $2,649,367 and have sold 103,857 shares valued at $2,121,382. Company insiders own 2.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in Mastercraft Boat during the third quarter worth about $32,000. State of Wyoming bought a new position in shares of Mastercraft Boat during the 2nd quarter valued at about $61,000. Manning & Napier Advisors LLC purchased a new position in shares of Mastercraft Boat during the 3rd quarter valued at about $74,000. Russell Investments Group Ltd. lifted its position in Mastercraft Boat by 16.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock worth $210,000 after buying an additional 1,394 shares during the last quarter. Finally, Strs Ohio bought a new stake in Mastercraft Boat in the 3rd quarter worth approximately $234,000. Institutional investors own 97.64% of the company’s stock.

Mastercraft Boat Company Profile

MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) is a designer, manufacturer and marketer of high-performance recreational powerboats. The company’s portfolio includes the MasterCraft®, Aviara®, Crest® Classic and Supra® brands, each of which features multiple model lines tailored for activities such as wakeboarding, waterskiing, cruising and luxury day boating. MasterCraft oversees the full product lifecycle from hull design and propulsion engineering to interior appointments and final assembly.

Founded in 1968 and headquartered in Vonore, Tennessee, MasterCraft has built a reputation for innovation in hull design, ballast systems and tower architecture to enhance wake performance and ride quality.