Malibu Boats (MBUU)

• Market cap: $680M
• 1 day: -2.29%
• 5 days: -4.72%
• 1 month: -6.50%
• 3 months: -17.95%
• 6 months: -0.95%
• Year to date: -5.14%
• 1 year: -19.33%
• 5 years: -30.54%
• 10 years: 75.53%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

200% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 3 (+2) [Q4]

88% more call options, than puts

Call options by funds: $3.04M | Put options by funds: $1.62M

4.58% more ownership

Funds ownership: 95.43% [Q3] → 100.01% (+4.58%) [Q4]

2% less capital invested

Capital invested by funds: $757M [Q3] → $741M (-$15.9M) [Q4]

12% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 49

13% less funds holding

Funds holding: 168 [Q3] → 147 (-21) [Q4]

47% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 36

Research analyst outlook

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

• Low target: $38 10% upside
• Avg. target: $42 23% upside
• High target: $45 30% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Benchmark Michael Albanese 22% 1-year accuracy 5 / 23 met price target	28% upside $44	Buy Reiterated	4 Feb 2025
Truist Securities Michael Swartz 36% 1-year accuracy 17 / 47 met price target	10% upside $38	Hold Maintained	31 Jan 2025
Keybanc Noah Zatzkin 36% 1-year accuracy 5 / 14 met price target	30% upside $45	Overweight Maintained	8 Jan 2025