OneWater Marine (NASDAQ:ONEW) Chairman Buys $238,598.40 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton acquired 21,930 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were purchased at an average cost of $10.88 per share, with a total value of $238,598.40. Following the completion of the purchase, the chairman directly owned 801,816 shares of the company’s stock, valued at $8,723,758.08. This trade represents a 2.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Philip Austin Jr. Singleton also recently made the following trade(s):

• On Monday, May 4th, Philip Austin Jr. Singleton acquired 110 shares of OneWater Marine stock. The shares were purchased at an average cost of $9.95 per share, with a total value of $1,094.50.
• On Thursday, February 12th, Philip Austin Jr. Singleton acquired 18,008 shares of OneWater Marine stock. The shares were purchased at an average cost of $12.52 per share, with a total value of $225,460.16.
• On Wednesday, February 11th, Philip Austin Jr. Singleton bought 6,345 shares of OneWater Marine stock. The shares were bought at an average cost of $12.93 per share, with a total value of $82,040.85.

OneWater Marine Stock Up 1.0%

Shares of ONEW opened at $12.06 on Friday. The firm has a market capitalization of $200.32 million, a P/E ratio of -1.61 and a beta of 1.49. OneWater Marine Inc. has a 12-month low of $8.12 and a 12-month high of $17.92. The company has a current ratio of 1.16, a quick ratio of 0.26 and a debt-to-equity ratio of 1.23. The firm has a fifty day moving average price of $10.07 and a 200-day moving average price of $11.89.

OneWater Marine (NASDAQ:ONEW) last issued its earnings results on Thursday, April 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.43). The company had revenue of $442.29 million for the quarter, compared to analysts’ expectations of $477.30 million. OneWater Marine had a negative net margin of 6.69% and a positive return on equity of 2.22%. OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. Equities research analysts expect that OneWater Marine Inc. will post 0.58 earnings per share for the current year.

Institutional Trading of OneWater Marine

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in OneWater Marine by 94.4% in the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after acquiring an additional 1,395 shares during the period. Los Angeles Capital Management LLC purchased a new stake in OneWater Marine in the fourth quarter worth about $82,000. Hsbc Holdings PLC purchased a new stake in OneWater Marine in the first quarter worth about $113,000. JPMorgan Chase & Co. lifted its stake in OneWater Marine by 50.0% in the third quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock worth $129,000 after acquiring an additional 2,710 shares during the period. Finally, Man Group plc purchased a new stake in OneWater Marine in the fourth quarter worth about $139,000. 94.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. KeyCorp lowered their target price on shares of OneWater Marine from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Robert W. Baird set a $13.00 price objective on OneWater Marine in a report on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a report on Tuesday, April 21st. Truist Financial reduced their price objective on OneWater Marine from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Finally, Zacks Research upgraded OneWater Marine from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.00.

OneWater Marine Company Profile

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.