OneWater Marine Inc. (NASDAQ:ONEW) CFO Sells $299,805.00 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) CFO Jack P. Ezzell sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $54.51, for a total value of $299,805.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

ONEW stock opened at $53.43 on Thursday. The stock has a fifty day simple moving average of $44.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.26. OneWater Marine Inc. has a 1-year low of $26.33 and a 1-year high of $56.78. The stock has a market capitalization of $803.53 million, a PE ratio of 9.18 and a beta of 3.59.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings data on Thursday, November 18th. The company reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.17. OneWater Marine had a return on equity of 34.54% and a net margin of 5.31%. During the same period in the previous year, the company earned $0.90 EPS. As a group, equities research analysts forecast that OneWater Marine Inc. will post 6.77 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC boosted its position in OneWater Marine by 2.9% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 170,665 shares of the company’s stock worth $7,173,000 after purchasing an additional 4,810 shares during the last quarter. BlackRock Inc. boosted its position in OneWater Marine by 2.5% in the second quarter. BlackRock Inc. now owns 664,458 shares of the company’s stock worth $27,928,000 after purchasing an additional 15,990 shares during the last quarter. Principal Financial Group Inc. purchased a new position in OneWater Marine in the second quarter worth $394,000. State of Wisconsin Investment Board purchased a new position in OneWater Marine in the second quarter worth $324,000. Finally, Paragon Advisors LLC lifted its position in shares of OneWater Marine by 17.3% during the 3rd quarter. Paragon Advisors LLC now owns 41,198 shares of the company’s stock valued at $1,657,000 after buying an additional 6,074 shares during the last quarter. 71.04% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on ONEW. Zacks Investment Research upgraded OneWater Marine from a “hold” rating to a “strong-buy” rating and set a $63.00 price objective for the company in a report on Wednesday. KeyCorp upped their price target on OneWater Marine from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, November 19th. Robert W. Baird upgraded OneWater Marine to an “outperform” rating and upped their price target for the stock from $60.00 to $70.00 in a report on Friday, November 19th. Raymond James decreased their price target on OneWater Marine from $68.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, July 30th. Finally, Truist upped their price target on OneWater Marine from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 19th. Seven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, OneWater Marine has a consensus rating of “Buy” and a consensus target price of $57.88.

About OneWater Marine

OneWater Marine Inc operates as a recreational boat retailer in the United States. It offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. The company also provides boat repair and maintenance services; arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina, as well as rental of boats and personal watercraft.

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