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

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

Wall Street Analyst Weigh In

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

OneWater Marine Stock Performance

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 company has a market capitalization of $179.99 million, a PE ratio of -1.44 and a beta of 1.53. The company has a 50 day moving average price of $10.97 and a 200 day moving average price of $11.18.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly 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 the consensus estimate of $477.30 million. OneWater Marine had a positive return on equity of 2.22% and a negative net margin of 6.69%.OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. Equities analysts forecast that OneWater Marine Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling at OneWater Marine

In related news, Chairman Philip Austin Jr. Singleton bought 21,930 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was bought at an average price of $10.88 per share, with a total value of $238,598.40. Following the transaction, the chairman owned 801,816 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this link. Also, Director John Troiano sold 27,844 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $12.07, for a total transaction of $336,077.08. Following the completion of the sale, the director owned 41,438 shares in the company, valued at approximately $500,156.66. This trade represents a 40.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.50% of the stock is owned by company insiders.

Institutional Trading of OneWater Marine

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in OneWater Marine by 94.4% during the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock valued at $45,000 after buying an additional 1,395 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of OneWater Marine in the 4th quarter worth approximately $82,000. Hsbc Holdings PLC acquired a new position in shares of OneWater Marine in the 1st quarter worth approximately $113,000. JPMorgan Chase & Co. increased its holdings in shares of OneWater Marine by 50.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock valued at $129,000 after acquiring an additional 2,710 shares during the last quarter. Finally, Man Group plc bought a new stake in shares of OneWater Marine in the 4th quarter valued at approximately $139,000. 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.