Malibu Boats, Inc. (NASDAQ:MBUU) Receives $42.83 Average PT from Brokerages

Malibu Boats, Inc. (NASDAQ:MBUU) has received an average rating of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $42.83.

MBUU has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and set a $44.00 price target on shares of Malibu Boats in a research report on Tuesday, February 4th. KeyCorp reduced their price target on shares of Malibu Boats from $50.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. B. Riley upgraded shares of Malibu Boats to a “hold” rating in a report on Wednesday, February 12th. Truist Financial lifted their target price on shares of Malibu Boats from $34.00 to $38.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, StockNews.com upgraded shares of Malibu Boats from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th.

Malibu Boats Stock Up 0.9 %

MBUU stock opened at $30.81 on Monday. The firm has a market cap of $604.95 million, a PE ratio of -7.08 and a beta of 1.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.45 and a current ratio of 1.52. The firm’s 50 day moving average price is $35.10 and its 200-day moving average price is $38.45. Malibu Boats has a one year low of $29.70 and a one year high of $47.82.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a negative net margin of 12.09% and a positive return on equity of 1.04%. On average, equities research analysts anticipate that Malibu Boats will post 1.69 EPS for the current year.

Hedge Funds Weigh In On Malibu Boats

Several institutional investors have recently modified their holdings of MBUU. Wellington Management Group LLP grew its stake in shares of Malibu Boats by 154.8% in the third quarter. Wellington Management Group LLP now owns 1,476,976 shares of the company’s stock worth $57,321,000 after acquiring an additional 897,387 shares in the last quarter. Twin Lions Management LLC acquired a new position in shares of Malibu Boats in the fourth quarter worth $19,807,000. Bank of New York Mellon Corp grew its stake in shares of Malibu Boats by 370.5% in the fourth quarter. Bank of New York Mellon Corp now owns 440,829 shares of the company’s stock worth $16,571,000 after acquiring an additional 347,144 shares in the last quarter. Lodge Hill Capital LLC grew its stake in shares of Malibu Boats by 74.6% in the fourth quarter. Lodge Hill Capital LLC now owns 530,514 shares of the company’s stock worth $19,942,000 after acquiring an additional 226,650 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Malibu Boats by 1,267.7% in the third quarter. Janus Henderson Group PLC now owns 238,576 shares of the company’s stock worth $9,259,000 after acquiring an additional 221,133 shares in the last quarter. Institutional investors and hedge funds own 91.35% of the company’s stock.

About Malibu Boats

Malibu Boats, Inc designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company provides performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.