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

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ONEW shares. Robert W. Baird set a $13.00 price objective on OneWater Marine in a research note on Friday, May 1st. Truist Financial decreased their target price 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. KeyCorp lowered their price target on OneWater Marine from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Finally, Weiss Ratings lowered shares of OneWater Marine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, OneWater Marine has an average rating of “Hold” and an average target price of $14.00.

OneWater Marine Stock Performance

The company has a 50-day moving average price of $10.97 and a 200-day moving average price of $11.18. The company has a market capitalization of $179.99 million, a price-to-earnings ratio of -1.44 and a beta of 1.53. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 1.23.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate 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 firm 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. Research analysts predict that OneWater Marine Inc. will post 0.58 EPS for the current fiscal year.

Insider Transactions at OneWater Marine

In related news, Chairman Philip Austin Jr. Singleton purchased 21,930 shares of OneWater Marine stock in a transaction dated Tuesday, May 5th. The shares were bought at an average cost of $10.88 per share, for a total transaction of $238,598.40. Following the purchase, 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Troiano sold 27,844 shares of the firm’s stock in a transaction that occurred on 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. The trade was a 40.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 19.50% of the company’s stock.

Hedge Funds Weigh In On OneWater Marine

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its position in OneWater Marine by 94.4% in 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. Dimensional Fund Advisors LP increased its holdings in shares of OneWater Marine by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company’s stock worth $8,710,000 after buying an additional 2,378 shares in the last quarter. JPMorgan Chase & Co. lifted its stake 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. Bridgeway Capital Management LLC lifted its stake in shares of OneWater Marine by 5.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 59,870 shares of the company’s stock valued at $948,000 after acquiring an additional 3,312 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of OneWater Marine by 2.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 126,800 shares of the company’s stock valued at $2,009,000 after acquiring an additional 3,400 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

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.