OneWater Marine Inc. (NASDAQ:ONEW) Receives $31.25 Average PT from Analysts

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $31.25.

ONEW has been the topic of a number of research reports. Benchmark restated a “hold” rating on shares of OneWater Marine in a report on Wednesday, July 31st. KeyCorp decreased their target price on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st.

Insider Activity at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton bought 5,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was purchased at an average price of $21.82 per share, with a total value of $109,100.00. Following the completion of the transaction, the chief executive officer now directly owns 610,183 shares of the company’s stock, valued at $13,314,193.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Philip Austin Jr. Singleton bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of $21.82 per share, for a total transaction of $109,100.00. Following the acquisition, the chief executive officer now directly owns 610,183 shares of the company’s stock, valued at approximately $13,314,193.06. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey B. Lamkin bought 30,919 shares of the business’s stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of $22.27 per share, with a total value of $688,566.13. Following the transaction, the director now owns 56,705 shares in the company, valued at $1,262,820.35. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 67,295 shares of company stock valued at $1,494,970. Corporate insiders own 18.70% of the company’s stock.

Institutional Trading of OneWater Marine

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ONEW. GAMMA Investing LLC acquired a new position in shares of OneWater Marine during the fourth quarter worth approximately $29,000. Rhumbline Advisers raised its stake in OneWater Marine by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after purchasing an additional 994 shares during the last quarter. Sei Investments Co. raised its stake in OneWater Marine by 1.1% during the 2nd quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock valued at $5,243,000 after purchasing an additional 2,124 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in OneWater Marine by 1.0% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock valued at $13,483,000 after purchasing an additional 3,770 shares during the period. Finally, NBW Capital LLC grew its position in OneWater Marine by 1.6% in the 1st quarter. NBW Capital LLC now owns 253,079 shares of the company’s stock worth $7,124,000 after purchasing an additional 4,100 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

OneWater Marine Price Performance

NASDAQ ONEW opened at $24.97 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.30. The firm has a market capitalization of $400.02 million, a price-to-earnings ratio of -4.38 and a beta of 2.58. The company has a 50 day simple moving average of $26.15 and a 200-day simple moving average of $25.71. OneWater Marine has a 52-week low of $20.00 and a 52-week high of $35.86.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($1.01). OneWater Marine had a positive return on equity of 6.60% and a negative net margin of 5.16%. The firm had revenue of $542.44 million for the quarter, compared to analysts’ expectations of $600.20 million. During the same quarter in the prior year, the business posted $1.95 earnings per share. Equities research analysts predict that OneWater Marine will post 1.48 earnings per share for the current fiscal year.

OneWater Marine Company Profile

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