Truist Financial Issues Positive Forecast for Malibu Boats (NASDAQ:MBUU) Stock Price

Malibu Boats (NASDAQ:MBUU) had its price objective lifted by Truist Financial from $34.00 to $38.00 in a research report report published on Friday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

MBUU has been the subject of a number of other reports. KeyCorp decreased their price target on Malibu Boats from $50.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Benchmark reiterated a “buy” rating and issued a $44.00 target price on shares of Malibu Boats in a report on Friday, November 1st. StockNews.com upgraded Malibu Boats to a “sell” rating in a report on Saturday, November 2nd. Robert W. Baird lifted their price objective on shares of Malibu Boats from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, DA Davidson lowered shares of Malibu Boats from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Malibu Boats has an average rating of “Hold” and a consensus target price of $42.83.

Malibu Boats Price Performance

Shares of MBUU opened at $38.29 on Friday. The business has a 50-day moving average of $39.00 and a 200-day moving average of $38.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.55 and a quick ratio of 0.52. The company has a market capitalization of $754.89 million, a price-to-earnings ratio of -9.62 and a beta of 1.32. Malibu Boats has a 1 year low of $30.20 and a 1 year high of $50.39.

Malibu Boats (NASDAQ:MBUU) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Malibu Boats had a positive return on equity of 2.39% and a negative net margin of 10.90%. As a group, equities research analysts anticipate that Malibu Boats will post 2.06 earnings per share for the current year.

Hedge Funds Weigh In On Malibu Boats

Several large investors have recently added to or reduced their stakes in MBUU. Heck Capital Advisors LLC purchased a new stake in shares of Malibu Boats in the fourth quarter worth approximately $38,000. Studio Investment Management LLC raised its position in Malibu Boats by 53.7% in the 3rd quarter. Studio Investment Management LLC now owns 1,087 shares of the company’s stock valued at $42,000 after buying an additional 380 shares during the last quarter. nVerses Capital LLC purchased a new position in Malibu Boats during the 3rd quarter worth $74,000. Central Pacific Bank Trust Division grew its stake in shares of Malibu Boats by 11.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 3,626 shares of the company’s stock worth $136,000 after acquiring an additional 368 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Malibu Boats by 31.6% in the third quarter. SG Americas Securities LLC now owns 5,212 shares of the company’s stock valued at $202,000 after purchasing an additional 1,252 shares during the last quarter. Institutional investors 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.