OneWater Marine (NASDAQ:ONEW) Stock Price Down 1.9% – Here’s What Happened

OneWater Marine Inc. (NASDAQ:ONEW)’s stock price traded down 1.9% on Thursday . The company traded as low as $10.66 and last traded at $10.83. Approximately 76,869 shares were traded during trading, a decline of 27% from the average session volume of 105,197 shares. The stock had previously closed at $11.04.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Weiss Ratings cut shares of OneWater Marine from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. KeyCorp cut their target price on OneWater Marine from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Robert W. Baird set a $13.00 target price on OneWater Marine in a report on Friday, May 1st. Finally, Truist Financial lowered their price target on OneWater Marine from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.00.

OneWater Marine Price Performance

The company’s fifty day moving average is $10.97 and its 200 day moving average is $11.18. 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 market cap of $179.99 million, a PE ratio of -1.44 and a beta of 1.53.

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 analysts’ consensus estimates 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 business had revenue of $442.29 million for the quarter, compared to analyst estimates of $477.30 million. OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. As a group, sell-side analysts anticipate that OneWater Marine Inc. will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OneWater Marine news, Chairman Philip Austin Jr. Singleton purchased 21,930 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average cost of $10.88 per share, with a total value of $238,598.40. Following the transaction, the chairman owned 801,816 shares in the company, valued at approximately $8,723,758.08. This trade represents a 2.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Troiano sold 27,844 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $12.07, for a total value of $336,077.08. Following the completion of the transaction, the director directly owned 41,438 shares in the company, valued at $500,156.66. This trade represents a 40.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneWater Marine

A number of large investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its position in OneWater Marine by 3.6% during the 3rd quarter. American Century Companies Inc. now owns 2,040,568 shares of the company’s stock worth $32,323,000 after acquiring an additional 71,026 shares in the last quarter. Vanguard Group Inc. grew 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 valued at $11,187,000 after acquiring an additional 8,465 shares in the last quarter. Dimensional Fund Advisors LP grew 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 valued at $8,710,000 after acquiring an additional 2,378 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of OneWater Marine by 11.2% during the fourth quarter. First Eagle Investment Management LLC now owns 308,487 shares of the company’s stock valued at $3,338,000 after purchasing an additional 31,194 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of OneWater Marine by 33.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 287,265 shares of the company’s stock valued at $3,108,000 after purchasing an additional 72,595 shares during the period. Institutional investors and hedge funds 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.