Truist Financial Has Lowered Expectations for OneWater Marine (NASDAQ:ONEW) Stock Price

OneWater Marine (NASDAQ:ONEW) had its price objective decreased by analysts at Truist Financial from $15.00 to $13.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 20.04% from the company’s current price.

Several other analysts also recently weighed in on the company. Weiss Ratings downgraded OneWater Marine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. KeyCorp decreased 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. Finally, Robert W. Baird set a $13.00 target price on OneWater Marine in a research note on Friday, May 1st. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.33.

OneWater Marine Price Performance

Shares of ONEW opened at $10.83 on Monday. OneWater Marine has a one year low of $8.12 and a one year high of $17.92. The company has a market cap of $179.99 million, a P/E ratio of -1.44 and a beta of 1.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a 50 day simple moving average of $10.97 and a two-hundred day simple moving average of $11.18.

OneWater Marine (NASDAQ:ONEW) last issued its 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 during 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 forecast that OneWater Marine will post 0.58 EPS for the current fiscal year.

Insider Transactions at OneWater Marine

In other news, Chairman Philip Austin Jr. Singleton acquired 21,930 shares of the 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 completion of the purchase, the chairman directly owned 801,816 shares of the company’s stock, valued at $8,723,758.08. This represents a 2.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction, the director owned 41,438 shares of the company’s stock, valued at approximately $500,156.66. This trade represents a 40.19% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 19.50% of the company’s stock.

Hedge Funds Weigh In On OneWater Marine

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Divisadero Street Capital Management LP bought a new stake in shares of OneWater Marine in the third quarter worth $1,711,000. Squarepoint Ops LLC acquired a new stake in OneWater Marine in the third quarter valued at $311,000. AQR Capital Management LLC increased its holdings in OneWater Marine by 22.8% in the fourth quarter. AQR Capital Management LLC now owns 31,906 shares of the company’s stock valued at $345,000 after purchasing an additional 5,914 shares during the period. Franklin Resources Inc. raised its position in OneWater Marine by 107.4% during the 3rd quarter. Franklin Resources Inc. now owns 21,980 shares of the company’s stock worth $348,000 after purchasing an additional 11,383 shares during the last quarter. Finally, Graham Capital Management L.P. raised its position in OneWater Marine by 41.8% during the 4th quarter. Graham Capital Management L.P. now owns 38,642 shares of the company’s stock worth $418,000 after purchasing an additional 11,396 shares during 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.