Key Points
- OneWater Marine director John Troiano sold 27,844 shares on May 8 at an average price of $12.07, for total proceeds of about $336,077. After the sale, he still held 41,438 shares, a 40.19% reduction in his position.
- The company missed quarterly earnings expectations, reporting a loss of $0.34 per share versus estimates for a profit of $0.09, while revenue came in at $442.29 million, below analyst forecasts of $477.30 million.
- Analysts currently have a Hold consensus on ONEW with a $14.00 average price target, though recent firms cut their targets; the stock also has significant institutional ownership at 94.32%.
OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) Director John Troiano sold 3,671 shares of the firm's stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $12.16, for a total value of $44,639.36. Following the completion of the sale, the director directly owned 50,481 shares of the company's stock, valued at approximately $613,848.96. This trade represents a 6.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
John Troiano also recently made the following trade(s):
- On Friday, May 8th, John Troiano sold 27,844 shares of OneWater Marine stock. The shares were sold at an average price of $12.07, for a total transaction of $336,077.08.
- 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 Down 3.6%
NASDAQ:ONEW opened at $11.16 on Wednesday. OneWater Marine Inc. has a 52-week low of $8.12 and a 52-week high of $17.92. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 1.23. The stock has a fifty day simple moving average of $10.06 and a 200-day simple moving average of $11.80. The company has a market capitalization of $185.48 million, a PE ratio of -1.49 and a beta of 1.49.
OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted 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 during 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. On average, equities research analysts expect 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 hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased 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 last quarter. Dimensional Fund Advisors LP grew its holdings in OneWater Marine by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company's stock valued at $8,710,000 after buying an additional 2,378 shares during the last quarter. JPMorgan Chase & Co. increased its position in OneWater Marine by 50.0% during 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. Bridgeway Capital Management LLC increased its holdings in shares of OneWater Marine by 5.9% during the 3rd quarter. Bridgeway Capital Management LLC now owns 59,870 shares of the company's stock worth $948,000 after purchasing an additional 3,312 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in OneWater Marine by 2.8% in the third quarter. Russell Investments Group Ltd. now owns 126,800 shares of the company's stock worth $2,009,000 after purchasing an additional 3,400 shares during the period. Institutional investors and hedge funds own 94.32% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on ONEW shares. Truist Financial cut 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. KeyCorp decreased their price target 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of OneWater Marine in a report on Tuesday, April 21st. Finally, Robert W. Baird set a $13.00 price objective on OneWater Marine in a research note on Friday, May 1st. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $14.00.
Read Our Latest Analysis on ONEW
About OneWater Marine
(
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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