Mastercraft Boat (NASDAQ:MCFT) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Mastercraft Boat (NASDAQ:MCFT) from a strong-buy rating to a hold rating in a research note released on Thursday,Zacks.com reports.

A number of other analysts have also recently commented on MCFT. B. Riley Financial reaffirmed a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Robert W. Baird set a $28.00 price target on Mastercraft Boat in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a research note on Friday, March 27th. Loop Capital began coverage on Mastercraft Boat in a research note on Monday, December 22nd. They issued a “hold” rating and a $21.00 price target for the company. Finally, Seaport Research Partners raised Mastercraft Boat to a “hold” rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.60.

Mastercraft Boat Price Performance

Shares of MCFT stock opened at $21.52 on Thursday. The stock has a market cap of $350.35 million, a PE ratio of 22.42 and a beta of 1.06. The stock has a 50-day moving average of $21.70 and a 200-day moving average of $20.71. Mastercraft Boat has a one year low of $14.59 and a one year high of $26.49.

Mastercraft Boat (NASDAQ:MCFT) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. The company had revenue of $71.76 million during the quarter, compared to analysts’ expectations of $68.79 million. Mastercraft Boat had a return on equity of 9.51% and a net margin of 5.27%.Mastercraft Boat’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 EPS. 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. As a group, research analysts anticipate that Mastercraft Boat will post 0.62 earnings per share for the current year.

Insider Activity at Mastercraft Boat

In other news, major shareholder Fund L.P. Forager sold 26,497 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $23.50, for a total value of $622,679.50. Following the completion of the sale, the insider owned 1,611,277 shares of the company’s stock, valued at approximately $37,865,009.50. This represents a 1.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 87,841 shares of company stock valued at $2,069,264. Corporate insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Mastercraft Boat

Several large investors have recently made changes to their positions in the stock. Millennium Management LLC acquired a new stake in shares of Mastercraft Boat in the 4th quarter valued at approximately $306,000. Man Group plc acquired a new stake in shares of Mastercraft Boat in the 4th quarter valued at approximately $584,000. Engineers Gate Manager LP acquired a new stake in shares of Mastercraft Boat in the 4th quarter valued at approximately $307,000. AQR Capital Management LLC boosted its holdings in shares of Mastercraft Boat by 41.4% in the 4th quarter. AQR Capital Management LLC now owns 15,002 shares of the company’s stock valued at $284,000 after buying an additional 4,395 shares during the last quarter. Finally, Coliseum Capital Management LLC boosted its holdings in shares of Mastercraft Boat by 3.8% in the 4th quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock valued at $69,918,000 after buying an additional 134,807 shares during the last quarter. Institutional investors and hedge funds 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.