JPMorgan Chase & Co. Buys 104,577 Shares of Mastercraft Boat Holdings, Inc. $MCFT

JPMorgan Chase & Co. grew its stake in shares of Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 1,252.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 112,930 shares of the company’s stock after buying an additional 104,577 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.69% of Mastercraft Boat worth $2,423,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Royce & Associates LP grew its stake in shares of Mastercraft Boat by 11.4% during the third quarter. Royce & Associates LP now owns 256,702 shares of the company’s stock worth $5,509,000 after buying an additional 26,186 shares during the last quarter. Gratia Capital LLC bought a new stake in shares of Mastercraft Boat during the second quarter worth $4,273,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Mastercraft Boat by 212.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 220,819 shares of the company’s stock worth $4,739,000 after buying an additional 150,125 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Mastercraft Boat by 6.0% during the second quarter. Bridgeway Capital Management LLC now owns 147,582 shares of the company’s stock worth $2,742,000 after buying an additional 8,368 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new stake in shares of Mastercraft Boat during the second quarter worth $2,065,000. Institutional investors own 97.64% of the company’s stock.

Wall Street Analysts Forecast Growth

MCFT has been the topic of a number of research reports. Robert W. Baird set a $28.00 target price on shares of Mastercraft Boat in a research note on Friday, February 6th. Wall Street Zen upgraded shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Seaport Research Partners upgraded shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. Zacks Research upgraded shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Finally, Loop Capital initiated coverage on shares of Mastercraft Boat in a report on Monday, December 22nd. They set a “hold” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.60.

Mastercraft Boat Stock Performance

Shares of NASDAQ:MCFT opened at $20.29 on Tuesday. The firm has a market cap of $330.32 million, a PE ratio of 21.14 and a beta of 1.06. The firm’s fifty day moving average is $21.70 and its 200-day moving average is $20.72. Mastercraft Boat Holdings, Inc. has a 52 week low of $14.39 and a 52 week high of $26.49.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.13. The company had revenue of $71.76 million for the quarter, compared to analyst estimates of $68.79 million. Mastercraft Boat had a net margin of 5.27% and a return on equity of 9.51%. Mastercraft Boat’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. 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. Sell-side analysts forecast that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

Insider Transactions at Mastercraft Boat

In related news, major shareholder Fund L.P. Forager sold 30,131 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $23.43, for a total value of $705,969.33. Following the transaction, the insider owned 1,637,774 shares in the company, valued at $38,373,044.82. The trade was a 1.81% 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. Insiders have sold a total of 87,841 shares of company stock valued at $2,069,264 in the last quarter. 2.50% of the stock is owned by insiders.

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.