Wall Street Zen Upgrades Mastercraft Boat (NASDAQ:MCFT) to “Strong-Buy”

Mastercraft Boat (NASDAQ:MCFT) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

MCFT has been the topic of several other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Mastercraft Boat in a research report on Monday, December 29th. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Truist Financial set a $21.00 price objective on shares of Mastercraft Boat in a research note on Friday, October 24th. Loop Capital assumed coverage on shares of Mastercraft Boat in a research report on Monday, December 22nd. They set a “hold” rating and a $21.00 target price on the stock. Finally, Seaport Res Ptn raised shares of Mastercraft Boat to a “hold” rating in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $22.67.

Mastercraft Boat Stock Down 0.7%

Shares of MCFT stock opened at $22.34 on Friday. Mastercraft Boat has a 12-month low of $14.39 and a 12-month high of $23.93. The company has a market capitalization of $363.92 million, a PE ratio of 23.03 and a beta of 1.06. The firm has a 50 day moving average price of $19.27 and a two-hundred day moving average price of $20.35.

Mastercraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, November 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.16 by $0.12. The company had revenue of $69.00 million for the quarter, compared to the consensus estimate of $66.96 million. Mastercraft Boat had a return on equity of 8.09% and a net margin of 5.50%.The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, research analysts expect that Mastercraft Boat will post 0.62 EPS for the current year.

Insider Activity at Mastercraft Boat

In other news, major shareholder Coliseum Capital Management, L acquired 76,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were acquired at an average cost of $19.79 per share, with a total value of $1,504,040.00. Following the completion of the purchase, the insider directly owned 3,672,422 shares of the company’s stock, valued at $72,677,231.38. The trade was a 2.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Fund L.P. Forager sold 58,066 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $20.37, for a total transaction of $1,182,804.42. Following the transaction, the insider owned 1,699,928 shares of the company’s stock, valued at approximately $34,627,533.36. This represents a 3.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 134,807 shares of company stock valued at $2,649,367 and sold 103,857 shares valued at $2,121,382. 2.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mastercraft Boat

Hedge funds and other institutional investors have recently modified their holdings of the business. Gratia Capital LLC bought a new stake in shares of Mastercraft Boat during the 2nd quarter worth $4,273,000. Arrowstreet Capital Limited Partnership raised its stake in 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 acquiring an additional 150,125 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of Mastercraft Boat in the second quarter worth about $2,065,000. Forager Capital Management LLC lifted its holdings in shares of Mastercraft Boat by 6.2% in the second quarter. Forager Capital Management LLC now owns 1,802,975 shares of the company’s stock worth $33,499,000 after acquiring an additional 105,280 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Mastercraft Boat by 1,252.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 112,930 shares of the company’s stock valued at $2,423,000 after purchasing an additional 104,577 shares in the last quarter. Institutional investors own 97.64% of the company’s stock.

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.