Insider Buying: Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Buys $491,500.00 in Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Coliseum Capital Management, L purchased 25,000 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were bought at an average cost of $19.66 per share, with a total value of $491,500.00. Following the transaction, the insider directly owned 3,697,422 shares of the company’s stock, valued at approximately $72,691,316.52. This represents a 0.68% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Friday, December 19th, Coliseum Capital Management, L purchased 76,000 shares of Mastercraft Boat stock. The stock was bought at an average cost of $19.79 per share, for a total transaction of $1,504,040.00.
• On Thursday, December 18th, Coliseum Capital Management, L acquired 33,807 shares of Mastercraft Boat stock. The shares were bought at an average price of $19.34 per share, for a total transaction of $653,827.38.

Mastercraft Boat Price Performance

Shares of MCFT stock opened at $19.51 on Thursday. The firm has a fifty day moving average of $19.51 and a two-hundred day moving average of $20.11. The firm has a market cap of $317.74 million, a P/E ratio of 20.11 and a beta of 1.09. Mastercraft Boat Holdings, Inc. has a 1-year low of $14.39 and a 1-year high of $23.93.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.16 by $0.12. The business had revenue of $69.00 million for the quarter, compared to analysts’ expectations of $66.96 million. Mastercraft Boat had a net margin of 5.50% and a return on equity of 8.09%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share. Mastercraft Boat has set its FY 2026 guidance at 1.180-1.430 EPS and its Q2 2026 guidance at 0.160-0.160 EPS. On average, sell-side analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

Institutional Investors Weigh In On Mastercraft Boat

Several large investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new position in shares of Mastercraft Boat during the third quarter valued at $32,000. State of Wyoming bought a new stake in Mastercraft Boat in the 2nd quarter valued at about $61,000. Manning & Napier Advisors LLC bought a new stake in Mastercraft Boat in the 3rd quarter valued at about $74,000. Russell Investments Group Ltd. boosted its stake in Mastercraft Boat by 16.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,795 shares of the company’s stock valued at $210,000 after purchasing an additional 1,394 shares during the period. Finally, Strs Ohio bought a new position in Mastercraft Boat in the 3rd quarter worth about $234,000. 97.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MCFT has been the subject of a number of research analyst reports. B. Riley boosted their price target on Mastercraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Truist Financial set a $21.00 target price on shares of Mastercraft Boat in a research note on Friday, October 24th. Wall Street Zen raised shares of Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a report on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mastercraft Boat in a report on Monday. Finally, Seaport Res Ptn raised shares of Mastercraft Boat to a “hold” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.67.

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.