Several other research analysts also recently commented on the company. KeyCorp decreased their price objective on Malibu Boats from $94.00 to $80.00 in a research note on Thursday, May 12th. Robert W. Baird decreased their target price on Malibu Boats from $80.00 to $70.00 in a research note on Wednesday, May 11th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of $80.33.
Shares of NASDAQ:MBUU opened at $51.20 on Friday. The stock’s 50-day simple moving average is $54.66 and its two-hundred day simple moving average is $61.23. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.50 and a current ratio of 1.23. Malibu Boats has a 52-week low of $48.31 and a 52-week high of $86.65. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 7.53 and a beta of 1.60.
In related news, Director Peter E. Murphy bought 700 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was purchased at an average price of $54.00 per share, for a total transaction of $37,800.00. Following the acquisition, the director now owns 26,780 shares in the company, valued at $1,446,120. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.73% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Selective Wealth Management Inc. purchased a new position in Malibu Boats during the 4th quarter valued at $27,000. Captrust Financial Advisors lifted its holdings in shares of Malibu Boats by 128.1% in the 1st quarter. Captrust Financial Advisors now owns 1,843 shares of the company’s stock worth $107,000 after buying an additional 1,035 shares during the period. FourThought Financial LLC raised its position in shares of Malibu Boats by 9.1% in the 4th quarter. FourThought Financial LLC now owns 2,277 shares of the company’s stock worth $156,000 after acquiring an additional 190 shares in the last quarter. FDx Advisors Inc. acquired a new position in Malibu Boats during the 4th quarter valued at about $222,000. Finally, Tudor Investment Corp Et Al purchased a new stake in Malibu Boats during the 3rd quarter valued at about $235,000. Institutional investors own 92.42% of the company’s stock.
Malibu Boats Company Profile (Get Rating)
Malibu Boats, Inc engages in the design, engineering, manufacturing, marketing, and sale of a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt. The company offers performance sport boats, and sterndrive and outboard boats under the Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt brands.
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