MasterCraft Boat Holdings director buys $24,958 in shares

Peter G. Leemputte, a director at MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT), acquired 1,265 shares of the company's common stock on September 18, 2026. This open market purchase amounted to a total of $24,958, with a weighted average price of $19.73 per share. As a result, Leemputte now directly owns 38,132 shares of MasterCraft Boat Holdings common stock.

The stock price of MCFT has been hovering around $19.68, marking a decline of nearly 10% over the past year. Despite this recent drop, InvestingPro analysis indicates that MCFT remains undervalued at its current valuation. The company's financial position is robust, boasting more cash than debt on its balance sheet.

Recent financial results further bolster MasterCraft Boat Holdings' positive outlook. In its fiscal fourth-quarter, the company reported adjusted earnings of $0.67 per share and revenue of $129.9 million, surpassing Wall Street expectations. This strong performance was attributed to the successful completion of the Marine Products acquisition.

However, B.Riley lowered its price target for MasterCraft shares to $22 from $25, maintaining a Neutral rating. The firm expressed caution regarding MCFT's retail market outlook, anticipating a decline of 5% to 10%.

These developments underscore significant earnings results and analyst adjustments for MasterCraft Boat Holdings. The recent insider purchase by a director further emphasizes the company's strong position in the market.