OneWater Marine (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton Buys 21,930 Shares of Stock

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

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

• On Monday, May 4th, Philip Austin Jr. Singleton purchased 110 shares of OneWater Marine stock. The shares were acquired 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 purchased 18,008 shares of OneWater Marine stock. The shares were acquired 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 purchased 6,345 shares of OneWater Marine stock. The shares were acquired at an average cost of $12.93 per share, with a total value of $82,040.85.

OneWater Marine Trading Up 4.1%

Shares of NASDAQ ONEW opened at $11.29 on Thursday. OneWater Marine Inc. has a 1 year low of $8.12 and a 1 year high of $17.92. The stock has a market cap of $187.53 million, a P/E ratio of -1.51 and a beta of 1.49. The firm has a 50-day moving average of $10.06 and a 200 day moving average of $11.91. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.26.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly 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 business 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. As a group, sell-side analysts expect that OneWater Marine Inc. will post 0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Trading of OneWater Marine

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in shares of 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 position in shares of OneWater Marine in the fourth quarter worth approximately $82,000. Hsbc Holdings PLC purchased a new position in shares of OneWater Marine in the first quarter worth approximately $113,000. JPMorgan Chase & Co. boosted its holdings in shares of 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 buying an additional 2,710 shares during the last quarter. Finally, Man Group plc purchased a new position in shares of OneWater Marine in the fourth quarter worth approximately $139,000. 94.32% of the stock is currently owned by institutional investors.

About OneWater Marine

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.