Mastercraft Boat (NASDAQ:MCFT) Shares Pass Above 50 Day Moving Average – Time to Sell?

Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $22.04 and traded as high as $24.04. Mastercraft Boat shares last traded at $23.08, with a volume of 207,427 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Robert W. Baird set a $30.00 target price on Mastercraft Boat in a research note on Friday, May 8th. B. Riley Financial reiterated a “neutral” rating on shares of Mastercraft Boat in a research note on Friday, February 6th. Zacks Research lowered Mastercraft Boat from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings lowered Mastercraft Boat from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Truist Financial upped their target price on Mastercraft Boat from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $24.80.

Mastercraft Boat Price Performance

The stock has a 50-day simple moving average of $22.04 and a 200-day simple moving average of $21.12. The stock has a market cap of $375.74 million, a PE ratio of 33.94 and a beta of 1.09.

Mastercraft Boat (NASDAQ:MCFT) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.09. Mastercraft Boat had a return on equity of 10.56% and a net margin of 3.72%.The firm had revenue of $78.21 million during the quarter, compared to the consensus estimate of $75.55 million. During the same quarter in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Mastercraft Boat has set its FY 2026 guidance at 1.650-1.650 EPS. As a group, equities research analysts anticipate that Mastercraft Boat Holdings, Inc. will post 1.34 EPS for the current year.

Insider Transactions at Mastercraft Boat

In other Mastercraft Boat news, major shareholder Fund L.P. Forager sold 26,497 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $23.50, for a total transaction of $622,679.50. Following the completion of the sale, the insider owned 1,611,277 shares of the company’s stock, valued at approximately $37,865,009.50. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 75,678 shares of company stock worth $1,780,515 over the last ninety days. 2.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mastercraft Boat

Several institutional investors and hedge funds have recently modified their holdings of the stock. Coliseum Capital Management LLC boosted its position in shares of Mastercraft Boat by 3.8% in the fourth quarter. Coliseum Capital Management LLC now owns 3,697,422 shares of the company’s stock worth $69,918,000 after buying an additional 134,807 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Mastercraft Boat by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 859,835 shares of the company’s stock worth $17,636,000 after buying an additional 28,063 shares during the period. Royce & Associates LP boosted its position in shares of Mastercraft Boat by 19.0% in the fourth quarter. Royce & Associates LP now owns 305,466 shares of the company’s stock worth $5,776,000 after buying an additional 48,764 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Mastercraft Boat by 26.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 272,749 shares of the company’s stock worth $5,158,000 after buying an additional 56,873 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Mastercraft Boat by 27.5% in the fourth quarter. Franklin Resources Inc. now owns 237,803 shares of the company’s stock worth $4,497,000 after buying an additional 51,327 shares during the period. Hedge funds and other 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.