Insider Buying: OneWater Marine (NASDAQ:ONEW) Chairman Buys 21,930 Shares of Stock

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) Chairman Philip Austin Jr. Singleton acquired 21,930 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average cost of $10.88 per share, for a total transaction of $238,598.40. Following the acquisition, the chairman owned 801,816 shares of the company's stock, valued at $8,723,758.08. The trade was a 2.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 acquired 110 shares of OneWater Marine stock. The stock was acquired at an average cost of $9.95 per share, for a total transaction of $1,094.50.
• On Thursday, February 12th, Philip Austin Jr. Singleton acquired 18,008 shares of OneWater Marine stock. The stock was acquired at an average cost of $12.52 per share, for a total transaction of $225,460.16.
• On Wednesday, February 11th, Philip Austin Jr. Singleton acquired 6,345 shares of OneWater Marine stock. The stock was acquired at an average cost of $12.93 per share, for a total transaction of $82,040.85.

OneWater Marine Stock Performance

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ONEW opened at $11.29 on Thursday. 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 company has a market cap of $187.53 million, a price-to-earnings ratio of -1.51 and a beta of 1.49. The company's 50 day moving average is $10.06 and its 200 day moving average is $11.91. OneWater Marine Inc. has a 12-month low of $8.12 and a 12-month high of $17.92.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last issued 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). OneWater Marine had a negative net margin of 6.69% and a positive return on equity of 2.22%. The firm had revenue of $442.29 million for the quarter, compared to analysts' expectations of $477.30 million. OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. On average, equities research analysts predict that OneWater Marine Inc. will post 0.58 EPS for the current year.

Hedge Funds Weigh In On OneWater Marine

Several hedge funds have recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of OneWater Marine by 3.6% in the third quarter. American Century Companies Inc. now owns 2,040,568 shares of the company's stock worth $32,323,000 after buying an additional 71,026 shares in the last quarter. Vanguard Group Inc. increased its position in OneWater Marine by 1.2% in the third quarter. Vanguard Group Inc. now owns 706,260 shares of the company's stock worth $11,187,000 after purchasing an additional 8,465 shares during the last quarter. Dimensional Fund Advisors LP increased its position in OneWater Marine by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company's stock worth $8,710,000 after purchasing an additional 2,378 shares during the last quarter. First Eagle Investment Management LLC increased its position in OneWater Marine by 11.2% in the fourth quarter. First Eagle Investment Management LLC now owns 308,487 shares of the company's stock worth $3,338,000 after purchasing an additional 31,194 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in OneWater Marine by 33.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 287,265 shares of the company's stock worth $3,108,000 after purchasing an additional 72,595 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ONEW shares. KeyCorp lowered their price target on shares of OneWater Marine from $16.00 to $14.00 and set an "overweight" rating on the stock in a report on Friday, May 1st. Zacks Research raised shares of OneWater Marine from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. Robert W. Baird set a $13.00 price target on shares of OneWater Marine in a report on Friday, May 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of OneWater Marine in a report on Tuesday, April 21st. Finally, Truist Financial lowered their price target on shares of OneWater Marine from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $14.00.

Check Out Our Latest Stock Analysis on ONEW

OneWater Marine Company Profile

(Get Free Report)

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.

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