Mastercraft Boat (NASDAQ:MCFT) Major Shareholder Fund L.P. Forager Sells 26,497 Shares of Stock

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) major shareholder Fund L.P. Forager sold 26,497 shares of Mastercraft Boat stock in a transaction on Friday, February 20th. The shares were sold at an average price of $23.50, for a total transaction of $622,679.50. Following the transaction, the insider owned 1,611,277 shares in the company, valued at $37,865,009.50. The trade was a 1.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 Thursday, February 19th, Fund L.P. Forager sold 30,131 shares of Mastercraft Boat stock. The shares were sold at an average price of $23.43, for a total value of $705,969.33.
• On Wednesday, February 18th, Fund L.P. Forager sold 19,050 shares of Mastercraft Boat stock. The stock was 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 value of $288,749.62.

Mastercraft Boat Stock Performance

Shares of NASDAQ:MCFT opened at $22.72 on Wednesday. The business’s 50-day simple moving average is $21.65 and its 200 day simple moving average is $20.93. The company has a market cap of $369.88 million, a P/E ratio of 23.67 and a beta of 1.07. Mastercraft Boat Holdings, Inc. has a one year low of $14.39 and a one year high of $26.49.

Mastercraft Boat (NASDAQ:MCFT) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $71.76 million during the quarter, compared to the consensus estimate of $68.79 million. During the same quarter last year, the company earned $0.10 earnings per share. Mastercraft Boat’s revenue for the quarter was up 13.2% on a year-over-year basis. 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. Analysts predict 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 and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new position in Mastercraft Boat in the third quarter worth $32,000. State of Alaska Department of Revenue acquired a new position in shares of Mastercraft Boat in the 4th quarter valued at about $42,000. State of Wyoming bought a new stake in shares of Mastercraft Boat during the 2nd quarter valued at about $61,000. Kemnay Advisory Services Inc. acquired a new stake in Mastercraft Boat during the fourth quarter worth about $63,000. Finally, Manning & Napier Advisors LLC acquired a new stake in Mastercraft Boat during the third quarter worth about $74,000. 97.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MCFT has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Mastercraft Boat in a research note on Monday, December 29th. Wall Street Zen upgraded Mastercraft Boat from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Seaport Research Partners raised Mastercraft Boat to a “hold” rating in a research report on Monday, December 22nd. Zacks Research raised shares of Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Finally, Robert W. Baird set a $28.00 price target on shares of Mastercraft Boat in a 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 given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $23.60.

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.