Malibu Boats (MBUU)

• Market cap: $717M
• 1 day: -3.22%
• 5 days: -0.98%
• 1 month: -16.16%
• 3 months: -8.98%
• 6 months: 9.94%
• Year to date: -32.52%
• 1 year: -32.52%
• 5 years: -11.16%
• 10 years: 93.00%
• Sector: Industrials
• Industry: Ship & Boat Building & Repairing

About: Malibu Boats is a leading designer and manufacturer of power boats in the United States. It is the market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a leading producer of sterndrive boats in the us in the 24- to 29-foot segment, in 2017 and Pursuit Boats, which makes high-end offshore and outboard motorboats, in 2018. In 2021, it purchased Maverick Boat Group, a leading seller of flat fishing boats, including bay, dual-console, and center-console boats. Malibu has also expanded into boat trailers and accessories and in 2020 began producing its own engines (Monsoon) for its performance sport boats and now for Cobalt. Malibu's target market includes a wide range of water enthusiasts who embrace the active outdoor lifestyle.

Employees: 2,250

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

8% more capital invested

Capital invested by funds: $700M [Q2] → $757M (+$57.3M) [Q3]

6% more repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 54

1% less funds holding

Funds holding: 168 [Q2] → 167 (-1) [Q3]

3% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 29

2.27% less ownership

Funds ownership: 97.7% [Q2] → 95.42% (-2.27%) [Q3]

41% less call options, than puts

Call options by funds: $3.76M | Put options by funds: $6.41M

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $42 15% upside
• Avg. target: $46 27% upside
• High target: $50 37% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Benchmark Michael Albanese 20% 1-year accuracy 4 / 20 met price target	21% upside $44	Buy Reiterated	1 Nov 2024
Truist Securities Michael Swartz 36% 1-year accuracy 18 / 50 met price target	15% upside $42	Hold Maintained	1 Nov 2024
Keybanc Noah Zatzkin 41% 1-year accuracy 7 / 17 met price target	37% upside $50	Overweight Maintained	1 Nov 2024
Baird Craig Kennison 34% 1-year accuracy 10 / 29 met price target	37% upside $50	Outperform Maintained	1 Nov 2024
DA Davidson Brandon Rolle 22% 1-year accuracy 2 / 9 met price target	24% upside $45	Neutral Downgraded	1 Nov 2024