10 Best Boating Stocks to Buy Now

6. Malibu Boats, Inc. (NASDAQ:MBUU)

Number of Hedge Fund Holders: 16

Malibu Boats, Inc. (NASDAQ:MBUU) is a major designer and producer of motorized boats in the United States. The firm dominates the performance sport boat market with its Axis and Malibu brands. It purchased Pursuit Boats, a manufacturer of luxury offshore and outboard motorboats, in 2018 and Cobalt Boats, a top manufacturer of sterndrive boats in the US in the 24- to 29-foot market, in 2017. In 2021, it acquired Maverick Boat Group, a leading seller of flat fishing boats such as bay, dual-console, and center-console models. It is among the Best Boating Stocks.

In 2020, Malibu Boats, Inc. (NASDAQ:MBUU) started manufacturing its own engines (Monsoon) for its performance sport boats and, more recently, for Cobalt. The company has also dabbled in boat trailers and accessories. Its target market includes a diverse spectrum of water lovers who value an active outdoor lifestyle.

During what is usually a seasonally slower time, the business exceeded expectations with slightly better-than-expected performance in its second fiscal quarter of 2025. Malibu Boats, Inc. (NASDAQ:MBUU)’s Malibu Axis Year-End Sales Event performed well, with strong dealer involvement and a greater retail sell-through than the previous year, with little promotional support. An effective product mix and price adjustments for inflation drove a 6.6% rise in consolidated net sales per unit to $163.9. The business further strengthened its strong balance sheet by generating nearly $28 million in cash from operations during the quarter, investing $5.6 million in capital expenditures, and returning $10 million to shareholders through stock repurchases. These actions further proved the company’s sound financial discipline.