OneWater Marine (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton Purchases 3,654 Shares

Key Points

• OneWater Marine CEO Philip Austin Jr. Singleton purchased 3,654 shares of stock at an average price of $15.37, increasing his ownership to a total of 712,244 shares, valued at approximately $10.95 million.
• Following the insider buying activity, OneWater Marine's stock price increased by 1.5%, closing at $15.85, while analysts have set an average target price of $19.60 for the stock.
• In its last earnings report, OneWater Marine missed analysts' EPS estimates by $0.33, posting an EPS of $0.79, despite beating revenue expectations with $552.86 million for the quarter.

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) CEO Philip Austin Jr. Singleton acquired 3,654 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was purchased at an average price of $15.37 per share, for a total transaction of $56,161.98. Following the completion of the transaction, the chief executive officer owned 712,244 shares in the company, valued at $10,947,190.28. The trade was a 0.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

OneWater Marine Price Performance

Shares of ONEW stock traded up $0.17 during midday trading on Tuesday, reaching $16.02. 68,138 shares of the company were exchanged, compared to its average volume of 146,915. OneWater Marine Inc. has a 12 month low of $11.58 and a 12 month high of $26.77. The company has a market cap of $262.17 million, a P/E ratio of -19.79 and a beta of 1.99. The company's 50 day moving average price is $15.96 and its two-hundred day moving average price is $15.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.37 and a current ratio of 1.23.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $1.12 by ($0.33). OneWater Marine had a positive return on equity of 0.45% and a negative net margin of 0.61%.The business had revenue of $552.86 million during the quarter, compared to the consensus estimate of $532.01 million. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. On average, sell-side analysts expect that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

ONEW has been the topic of a number of research reports. KeyCorp boosted their target price on shares of OneWater Marine from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Zacks Research downgraded shares of OneWater Marine from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $19.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in OneWater Marine by 15.3% in the second quarter. American Century Companies Inc. now owns 1,969,542 shares of the company's stock worth $26,372,000 after acquiring an additional 261,545 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new stake in OneWater Marine in the first quarter worth approximately $4,053,000. Royce & Associates LP grew its position in OneWater Marine by 7.9% in the first quarter. Royce & Associates LP now owns 2,000,586 shares of the company's stock worth $32,369,000 after acquiring an additional 146,798 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in OneWater Marine by 40.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 455,320 shares of the company's stock worth $7,367,000 after acquiring an additional 130,400 shares in the last quarter. Finally, Jane Street Group LLC grew its position in OneWater Marine by 126.6% in the second quarter. Jane Street Group LLC now owns 25,831 shares of the company's stock worth $346,000 after acquiring an additional 122,976 shares in the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.

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.