Mastercraft Boat (NASDAQ:MCFT) Price Target Raised to $25.00 at Truist Financial

Mastercraft Boat (NASDAQ:MCFT) had its target price boosted by Truist Financial from $21.00 to $25.00 in a research report report published on Monday morning, Marketbeat.com reports. Truist Financial currently has a hold rating on the stock.

MCFT has been the topic of several other research reports. B. Riley Financial reissued a “neutral” rating on shares of Mastercraft Boat in a research report on Friday, February 6th. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a research report on Friday, March 27th. Robert W. Baird set a $28.00 target price on shares of Mastercraft Boat in a research report on Friday, February 6th. Finally, Zacks Research cut shares of Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Mastercraft Boat currently has an average rating of “Hold” and a consensus price target of $24.40.

Mastercraft Boat Stock Down 0.8%

Mastercraft Boat stock opened at $23.35 on Monday. Mastercraft Boat has a 52 week low of $15.74 and a 52 week high of $26.49. The company’s 50 day moving average price is $21.52 and its two-hundred day moving average price is $20.84. The stock has a market cap of $380.14 million, a P/E ratio of 24.32 and a beta of 1.06.

Mastercraft Boat (NASDAQ:MCFT) last posted 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 firm had revenue of $71.76 million for the quarter, compared to analysts’ expectations of $68.79 million. During the same quarter last year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. 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, equities analysts anticipate that Mastercraft Boat will post 1.34 EPS for the current year.

Insider Activity at Mastercraft Boat

In related news, major shareholder Fund L.P. Forager sold 26,497 shares of Mastercraft Boat stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $23.50, for a total value of $622,679.50. Following the sale, the insider owned 1,611,277 shares of the company’s stock, valued at approximately $37,865,009.50. The trade was a 1.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 87,841 shares of company stock valued at $2,069,264. Insiders own 2.50% of the company’s stock.

Institutional Investors Weigh In On Mastercraft Boat

Hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System bought a new stake in shares of Mastercraft Boat in the 3rd quarter worth approximately $32,000. State of Alaska Department of Revenue bought a new stake in shares of Mastercraft Boat in the 4th quarter worth approximately $42,000. State of Wyoming bought a new stake in shares of Mastercraft Boat in the 2nd quarter worth approximately $61,000. Kemnay Advisory Services Inc. bought a new stake in shares of Mastercraft Boat in the 4th quarter worth approximately $63,000. Finally, Manning & Napier Advisors LLC bought a new stake in Mastercraft Boat during the 3rd quarter valued at $74,000. 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.