Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Sells $451,866.00 in Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 19,050 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $23.72, for a total value of $451,866.00. Following the sale, the insider directly owned 1,667,905 shares of the company’s stock, valued at approximately $39,562,706.60. This represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Fund L.P. Forager also recently made the following trade(s):

• On Thursday, February 19th, Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.43, for a total value of $705,969.33.
• On Tuesday, February 17th, Fund L.P. Forager sold 12,163 shares of Mastercraft Boat stock. The shares were sold at an average price of $23.74, for a total value of $288,749.62.

Mastercraft Boat Trading Down 1.4%

Shares of MCFT opened at $23.29 on Friday. The business’s 50-day moving average price is $21.50 and its 200 day moving average price is $20.88. The stock has a market capitalization of $379.16 million, a P/E ratio of 24.26 and a beta of 1.07. Mastercraft Boat Holdings, Inc. has a 1-year low of $14.39 and a 1-year high of $26.49.

Mastercraft Boat (NASDAQ:MCFT) last announced its earnings results on Thursday, February 5th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.16 by $0.13. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. The company had revenue of $71.76 million during the quarter, compared to analysts’ expectations of $68.79 million. During the same period last year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. Mastercraft Boat has set its Q3 2026 guidance at 0.350-0.350 EPS and its FY 2026 guidance at 1.450-1.600 EPS. On average, research analysts predict that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Analyst Ratings Changes

MCFT has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday, December 29th. Robert W. Baird set a $28.00 price objective on Mastercraft Boat in a research note on Friday, February 6th. Zacks Research raised Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Wall Street Zen upgraded Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, Seaport Research Partners upgraded shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.60.

Institutional Investors Weigh In On Mastercraft Boat

Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC lifted its holdings in shares of Mastercraft Boat by 7.3% during the 1st quarter. Empowered Funds LLC now owns 87,614 shares of the company’s stock valued at $1,509,000 after buying an additional 5,958 shares during the last quarter. Jane Street Group LLC acquired a new stake in Mastercraft Boat in the first quarter valued at approximately $236,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Mastercraft Boat by 59.8% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 21,100 shares of the company’s stock worth $392,000 after acquiring an additional 7,900 shares in the last quarter. American Century Companies Inc. grew its position in Mastercraft Boat by 7.3% in the second quarter. American Century Companies Inc. now owns 538,225 shares of the company’s stock worth $10,000,000 after acquiring an additional 36,569 shares in the last quarter. Finally, Forager Capital Management LLC increased its stake in shares of Mastercraft Boat by 6.2% during the 2nd quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after purchasing an additional 105,280 shares during the last quarter. 97.64% of the stock is owned by hedge funds and other institutional investors.

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.