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

OneWater Marine Inc. (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton bought 21,930 shares of the stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average price of $10.88 per share, with a total value of $238,598.40. Following the completion of the acquisition, the chairman directly owned 801,816 shares of the company’s stock, valued at approximately $8,723,758.08. The trade was a 2.81% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 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 purchased 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 purchased 6,345 shares of OneWater Marine stock. The shares were purchased at an average cost of $12.93 per share, with a total value of $82,040.85.

OneWater Marine Stock Up 4.1%

Shares of ONEW traded up $0.44 on Wednesday, hitting $11.29. 102,266 shares of the stock traded hands, compared to its average volume of 159,548. The company has a market capitalization of $187.53 million, a PE ratio of -1.51 and a beta of 1.49. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.26 and a current ratio of 1.13. The business has a 50 day simple moving average of $10.07 and a 200 day simple moving average of $11.94. OneWater Marine Inc. has a one year low of $8.12 and a one year high of $17.92.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.43). The firm had revenue of $442.29 million for the quarter, compared to the consensus estimate of $477.30 million. OneWater Marine had a negative net margin of 6.69% and a positive return on equity of 2.13%. OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. As a group, equities analysts forecast that OneWater Marine Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OneWater Marine

A number of large investors have recently added to or reduced their stakes in ONEW. BNP Paribas Financial Markets grew its position in OneWater Marine by 94.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after purchasing an additional 1,395 shares during the period. Los Angeles Capital Management LLC bought a new stake in OneWater Marine in the 4th quarter worth approximately $82,000. Hsbc Holdings PLC bought a new stake in shares of OneWater Marine during the 1st quarter valued at $113,000. JPMorgan Chase & Co. grew its position in shares of OneWater Marine by 50.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock valued at $129,000 after acquiring an additional 2,710 shares during the period. Finally, Man Group plc bought a new stake in shares of OneWater Marine during the 4th quarter valued at $139,000. Institutional investors own 94.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. KeyCorp cut 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 report on Friday, May 1st. Truist Financial cut their target price on shares of OneWater Marine from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Robert W. Baird set a $13.00 target price on shares of OneWater Marine in a research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneWater Marine in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.