Insider Selling: Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Sells $705,969.33 in Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 30,131 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $23.43, for a total value of $705,969.33. Following the sale, the insider owned 1,637,774 shares of the company’s stock, valued at $38,373,044.82. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, February 18th, Fund L.P. Forager sold 19,050 shares of Mastercraft Boat stock. The shares were sold at an average price of $23.72, for a total value of $451,866.00.
• On Tuesday, February 17th, Fund L.P. Forager sold 12,163 shares of Mastercraft Boat stock. The stock was sold at an average price of $23.74, for a total transaction of $288,749.62.

Mastercraft Boat Trading Down 1.4%

NASDAQ:MCFT opened at $23.29 on Friday. Mastercraft Boat Holdings, Inc. has a twelve month low of $14.39 and a twelve month high of $26.49. The company has a market cap of $379.16 million, a P/E ratio of 24.26 and a beta of 1.07. The company’s 50-day moving average price is $21.50 and its 200-day moving average price is $20.88.

Mastercraft Boat (NASDAQ:MCFT) last released its quarterly earnings data 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 the consensus estimate of $68.79 million. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. Mastercraft Boat’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. On average, analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 earnings per share for the current year.

Institutional Investors Weigh In On Mastercraft Boat

Institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System acquired a new position in shares of Mastercraft Boat in the 3rd quarter worth approximately $32,000. State of Alaska Department of Revenue acquired a new position in Mastercraft Boat during the fourth quarter worth $42,000. State of Wyoming purchased a new position in shares of Mastercraft Boat during the second quarter worth $61,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Mastercraft Boat in the fourth quarter valued at $63,000. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Mastercraft Boat in the 3rd quarter valued at $74,000. 97.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research upgraded Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Robert W. Baird set a $28.00 target price on shares of Mastercraft Boat in a report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday, December 29th. Seaport Research Partners upgraded shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. Finally, B. Riley Financial reaffirmed a “neutral” rating on shares of Mastercraft Boat in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $23.60.

About Mastercraft Boat

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.