Malibu Boats (NASDAQ: MBUU) shared the findings of its most recent quarterly report with the public on Thursday. According to information provided by Briefing.com, the company posted quarterly profits of $2.43 per share, which is $0.14 higher than the consensus projection of $2.29 per share. The return on equity for Malibu Boats came in at 36.30 percent, and the net margin for the company was 12.60 percent. The sales for the quarter came in at $353.20 million, which was much more than the analysts’ projections of $329.01 million for the amount of revenue that would be generated. The company posted earnings of $1.77 per share during the same period the year before compared to the current year. Compared to the previous fiscal year, the current year experienced a revenue rise of 27.6% for the company.
Malibu Boats now has 1.2% fewer boats available than a year ago. The price of a single share of NASDAQ: MBUU was $66.39 when trading began on Friday. There is a ratio of 0.10 debt to equity, a ratio of 0.50 quick ratio to current ratio, and a ratio of 1.23 current ratio to quick ratio. Malibu Boats has seen a price as low as $48.11 during the past 52 weeks, while the company has seen a price as high as $800.00 over the same period. Over the previous 50 days, the moving averages for the company were $59.79, and over the past 200 days, they were $50.05. The company currently has a market valuation of 1.36 billion dollars. It has a price-to-earnings ratio of 9.76 and a beta of 1.59. Both of these numbers are high. Malibu Boats Were Involved in Illegal Buying and Selling On June 15th, Peter E. Murphy, a director of the company, purchased 700 shares of the company’s stock. This was another occurrence that took place. The overall price of the shares came out to $37,800.00, which comes out to an average price of $54.00 per share purchased. After the deal’s completion, the director has gained direct ownership of 26,780 shares of the company’s stock, which have a combined value of $1,446,120.
The Securities and Exchange Commission received notification of the transaction in the form of a filing, which may be located on this website. The file was submitted to the SEC to comply with the requirements of the transaction. 1.73 percent of the corporation’s total shares are owned by individuals employed within the company. The equity positions that hedge funds hold in Malibu Boat Institutional Trading have undergone recent shifts due to modifications. The percentage of Malibu Boats in which Captrust Financial Advisors has invested increased by 118.1% during the first three months of 2018. Captrust Financial Advisors purchased an additional 1,035 shares in the most recent fiscal quarter. This brings the total number of shares that they possess in the company to 1,843, with a value of $107,000. The value of Bank of Montreal’s shares in Malibu Boats increased by 8.6% over the first three months of 2018. Bank of Montreal Can now own a total of 3,766 shares in the company, valued at $239,000, after making an additional purchase of 298 shares during the most recent round of trading. The value of Advisor Group Investment Inc.’s holdings in Malibu Boats climbed by 18.1% over the year’s first three months. Advisor Group Holdings Inc. grew its investment in the company by 970 shares during the most recent fiscal period, bringing its total number of shares owned to 6,320, with a market value of $393,000. Raymond James & Associates boosted the proportion of Malibu Boats it invested by 95.1% during the first three months.
As a result of the most recent acquisition of 3,314 additional shares during the most recent quarter, Raymond James & Associates now owns 6,799 shares in the company, which has a value of $394,000. This is because the company made its most recent acquisition during the quarter. In the first three months of the year, MetLife Investment Management LLC observed a rise of 54.2% in the value of its assets in Malibu Boats. This is the last but not the least important point. After making an extra purchase of 4,021 shares over the time in question, MetLife Investment Management LLC now holds 11,436 shares. These shares are currently worth a combined value of $663,000. The vast majority of the company’s shares are held by institutional investors and hedge funds to the tune of 92.42%. Alterations in the positive and negative evaluations given by experts In recent times, a variety of research companies from around the world have offered their perspectives on MBUU. In a research report issued that day, B. Riley decreased their “buy” rating and price target on Malibu Boats from $103.00 to $89.00 on Tuesday, June 21st. Bloomberg’s previous advice for Malibu Boats was to “hold” the stock; however, in a report released on August 11th, the company altered its recommendation to “buy.” The price objective that Robert W. Baird has assigned to a share of Malibu Boats has climbed from $62.00 to $72.00, as stated in a research report released on Friday. According to research conducted and released by KeyCorp on Tuesday, July 19th, the company said they estimate the share price of Malibu Boats will reach $70.00 within the next twelve months.
There have been seven distinct professionals in the field of equity research who have voiced their support for owning the stock. According to the information that Bloomberg provided, the overall rating for the company has been changed to “Buy,” and the price objective for each share has been set at $80.43 on average. Malibu Boats, Inc. is in the business of designing, developing, engineering, manufacturing, distributing, and marketing a variety of recreational powerboats. In addition, the company also distributes these boats. Malibu, Saltwater Fishing, and Cobalt are the three divisions that come together to form the corporation. Malibu, Axis, Pursuit, Maverick, Cobia, Pathfinder, Hewes, and Cobalt are some of the names the firm uses when marketing and selling its sport boats, sterndrive boats, and outboard boats. Other words include Cobalt and Pathfinder.
