OneWater Marine (NASDAQ:ONEW) Director Sells $336,077.08 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) Director John Troiano sold 27,844 shares of OneWater Marine stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $12.07, for a total value of $336,077.08. Following the completion of the sale, the director owned 41,438 shares in the company, valued at approximately $500,156.66. The trade was a 40.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

John Troiano also recently made the following trade(s):

• On Thursday, May 7th, John Troiano sold 3,671 shares of OneWater Marine stock. The stock was sold at an average price of $12.16, for a total value of $44,639.36.
• On Thursday, February 12th, John Troiano sold 1,662 shares of OneWater Marine stock. The stock was sold at an average price of $13.19, for a total value of $21,921.78.

OneWater Marine Trading Up 2.6%

ONEW stock opened at $11.22 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 1.23. OneWater Marine Inc. has a 12-month low of $8.12 and a 12-month high of $17.92. The stock has a market cap of $186.48 million, a price-to-earnings ratio of -1.50 and a beta of 1.49. The business’s 50-day moving average is $10.05 and its 200 day moving average is $11.73.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.43). The firm had revenue of $442.29 million during the quarter, compared to analyst estimates of $477.30 million. OneWater Marine had a positive return on equity of 2.22% and a negative net margin of 6.69%.OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. On average, sell-side analysts anticipate that OneWater Marine Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ONEW has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a report on Tuesday, April 21st. Truist Financial lowered their target price on OneWater Marine from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Robert W. Baird set a $13.00 target price on OneWater Marine in a report on Friday, May 1st. Finally, KeyCorp lowered their target price on OneWater Marine from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $14.00.

Institutional Trading of OneWater Marine

Institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its position in OneWater Marine by 3.6% in the third quarter. American Century Companies Inc. now owns 2,040,568 shares of the company’s stock valued at $32,323,000 after purchasing an additional 71,026 shares during the period. Divisadero Street Capital Management LP purchased a new stake in OneWater Marine in the third quarter valued at approximately $1,711,000. First Eagle Investment Management LLC raised its position in OneWater Marine by 10.5% in the third quarter. First Eagle Investment Management LLC now owns 277,293 shares of the company’s stock valued at $4,392,000 after purchasing an additional 26,245 shares during the period. GSA Capital Partners LLP purchased a new stake in OneWater Marine in the third quarter valued at approximately $523,000. Finally, AlphaQuest LLC raised its position in OneWater Marine by 238.7% in the third quarter. AlphaQuest LLC now owns 27,425 shares of the company’s stock valued at $434,000 after purchasing an additional 19,328 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

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.