10 Best Boating Stocks to Buy Now

8. MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT)

Number of Hedge Fund Holders: 11

Performance sport boats and outboard boats are designed, built, and sold by MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT), which is ranked eighth on our list of the Best Boating Stocks. The company operates in three brand-specific categories and has its headquarters in the United States. The majority of the company’s revenue is generated by the MasterCraft category, which also comprises inboard boats for wakeboarding, wake surfing, and water skiing. The Pontoon sector manufactures pontoon boats in its Owosso, Michigan, plant. Pontoon boats are utilized for leisure boating in general. At its plant in Merritt Island, Florida, the Aviara segment manufactures high-end day boats. Boats from Aviara are used for recreational boating in general.

MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) has a strong financial sheet, a premium brand, and a solid position in a small market with little competition. It is in a strong position to make more money as the consumer market steadies.

Furthermore, MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) is reorganizing in an attempt to release substantial value. The business recently sold its Aviara division, which had been a performance drag and was not profitable. The total profitability of the business should rise as a result of this deal and Aviara’s planned shutdown beginning in Q1 2025. Furthermore, to reach a new market, the business has launched the Belise pontoon boat brand. Long-term profitability in the pontoon segment should increase as a result of this initiative and improved capacity usage at current facilities.