Rhumbline Advisers Sells 1,434 Shares of Mastercraft Boat Holdings, Inc. $MCFT

Rhumbline Advisers reduced its stake in Mastercraft Boat Holdings, Inc. (NASDAQ:MCFT) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,998 shares of the company’s stock after selling 1,434 shares during the period. Rhumbline Advisers’ holdings in Mastercraft Boat were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Mastercraft Boat by 131.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 108,193 shares of the company’s stock valued at $1,863,000 after buying an additional 61,399 shares during the period. GAMMA Investing LLC boosted its stake in shares of Mastercraft Boat by 6,422.7% in the first quarter. GAMMA Investing LLC now owns 8,610 shares of the company’s stock valued at $148,000 after buying an additional 8,478 shares during the period. LHM Inc. boosted its stake in shares of Mastercraft Boat by 106.8% in the first quarter. LHM Inc. now owns 177,406 shares of the company’s stock valued at $3,055,000 after buying an additional 91,616 shares during the period. Bank of America Corp DE boosted its stake in shares of Mastercraft Boat by 45.3% in the fourth quarter. Bank of America Corp DE now owns 26,307 shares of the company’s stock valued at $502,000 after buying an additional 8,202 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Mastercraft Boat in the first quarter valued at approximately $906,000. 97.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. B. Riley boosted their price target on Mastercraft Boat from $17.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Wall Street Zen raised Mastercraft Boat from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 30th. Raymond James Financial raised their target price on Mastercraft Boat from $21.00 to $25.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, Robert W. Baird raised their target price on Mastercraft Boat from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.20.

Mastercraft Boat Stock Down 0.5%

Shares of NASDAQ:MCFT opened at $21.74 on Wednesday. The firm has a market cap of $354.14 million, a P/E ratio of 49.41 and a beta of 1.03. Mastercraft Boat Holdings, Inc. has a 12-month low of $14.39 and a 12-month high of $23.93. The business has a fifty day simple moving average of $21.01 and a 200 day simple moving average of $18.69.

Mastercraft Boat (NASDAQ:MCFT) last announced its earnings results on Wednesday, August 27th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.22. The business had revenue of $79.52 million during the quarter, compared to analyst estimates of $70.45 million. Mastercraft Boat had a return on equity of 7.01% and a net margin of 2.48%.Mastercraft Boat’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same period last year, the company earned ($0.04) EPS. Mastercraft Boat has set its FY 2026 guidance at 1.150-1.40 EPS. Q1 2026 guidance at 0.160-0.160 EPS. As a group, equities research analysts expect that Mastercraft Boat Holdings, Inc. will post 0.62 EPS for the current year.

About Mastercraft Boat

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments. The MasterCraft segment produces premium recreational performance sport boats primarily used for water skiing, wakeboarding, wake surfing, and general recreational boating.