New insider activity at MasterCraft Boat Holdings ( (MCFT) ) has taken place on March 6, 2025.
Bradley Nelson, the Executive Vice President of Strategic Programs, has made a significant investment in MasterCraft Boat Holdings by purchasing 5,000 shares of the company’s stock. This transaction is valued at $83,600, highlighting a strong vote of confidence in the company’s future prospects.
Recent Updates on MCFT stock
In the last 24 hours, MasterCraft Boat Holdings has seen significant developments. The company announced leadership changes in its Pontoon segment, with Mike O’Connell taking over as President, aiming to leverage his experience to navigate a challenging retail environment. The company also expanded its dealer network by welcoming Action Water Sports in the Dallas-Fort Worth market. B. Riley raised its price target for MasterCraft, citing strengthening sentiment despite demand headwinds in the marine space. Meanwhile, DA Davidson lowered its price target following a mixed Q2 earnings report, which showed a surprise in earnings but highlighted ongoing challenges such as tepid retail demand and inventory destocking needs. MasterCraft’s earnings call revealed a mixed outlook, with strong inventory management and positive reception of new products countered by declines in sales, margins, and net income. The company maintains a strong balance sheet and provided cautiously optimistic guidance for FY25, driven by the promising launch of the MasterCraft XStar lineup.
More about MasterCraft Boat Holdings
YTD Price Performance: -9.94%
Average Trading Volume: 80,427
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $279.4M
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