OneWater Marine (NASDAQ:ONEW) Director Sells $44,639.36 in Stock

OneWater Marine Inc. (NASDAQ:ONEW) Director John Troiano sold 3,671 shares of OneWater Marine stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $12.16, for a total transaction of $44,639.36. Following the completion of the transaction, the director owned 50,481 shares of the company’s stock, valued at $613,848.96. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 shares were sold at an average price of $13.19, for a total transaction of $21,921.78.

OneWater Marine Stock Performance

OneWater Marine stock traded down $0.23 during mid-day trading on Tuesday, reaching $11.35. The company’s stock had a trading volume of 48,026 shares, compared to its average volume of 159,993. OneWater Marine Inc. has a 12-month low of $8.12 and a 12-month high of $17.92. The company has a market capitalization of $188.65 million, a P/E ratio of -1.51 and a beta of 1.49. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.29 and a current ratio of 1.16. The firm’s fifty day moving average price is $10.06 and its two-hundred day moving average price is $11.84.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $477.30 million. OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. Sell-side analysts predict that OneWater Marine Inc. will post 0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on ONEW. Zacks Research upgraded shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. KeyCorp reduced 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. Robert W. Baird set a $13.00 price target on shares of OneWater Marine in a research report on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a research report on Tuesday, April 21st. Finally, Truist Financial reduced their price target 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. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, OneWater Marine has an average rating of “Hold” and an average target price of $14.00.

Institutional Trading of OneWater Marine

Hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in shares of 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 during the last quarter. Divisadero Street Capital Management LP bought a new stake in OneWater Marine in the third quarter worth $1,711,000. First Eagle Investment Management LLC lifted its stake in OneWater Marine by 10.5% in the third quarter. First Eagle Investment Management LLC now owns 277,293 shares of the company’s stock worth $4,392,000 after purchasing an additional 26,245 shares during the last quarter. GSA Capital Partners LLP bought a new stake in OneWater Marine in the third quarter worth $523,000. Finally, AlphaQuest LLC lifted its stake in OneWater Marine by 238.7% in the third quarter. AlphaQuest LLC now owns 27,425 shares of the company’s stock worth $434,000 after purchasing an additional 19,328 shares during the last quarter. 94.32% of the stock is owned by institutional investors.

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.