Philip Austin Jr. Singleton Buys 21,930 Shares of OneWater Marine (NASDAQ:ONEW) Stock

Key Points

• Chairman Philip Austin Jr. Singleton bought 21,930 shares of OneWater Marine at an average price of $10.88 on May 5, a $238,598 purchase that raised his holdings to 801,816 shares (a 2.81% increase).
• OneWater reported weak quarterly results, posting ($0.34) EPS and missing revenue estimates, but issued FY2026 guidance of $0.20–$0.70 per share while analysts' consensus for the year is about $0.58.
• Shares trade near $11.29 (up ~4.1%), the company has a market cap of roughly $187.5M and a $14 consensus target amid mixed analyst ratings, with about 94% of the stock held by institutional/hedge funds.

OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) Chairman Philip Austin Jr. Singleton bought 21,930 shares of OneWater Marine stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased 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 of the company's stock, valued at $8,723,758.08. The trade was a 2.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Philip Austin Jr. Singleton also recently made the following trade(s):

• On Monday, May 4th, Philip Austin Jr. Singleton acquired 110 shares of OneWater Marine stock. The shares were bought at an average cost of $9.95 per share, for a total transaction of $1,094.50.
• On Thursday, February 12th, Philip Austin Jr. Singleton acquired 18,008 shares of OneWater Marine stock. The shares were bought at an average cost of $12.52 per share, for a total transaction of $225,460.16.
• On Wednesday, February 11th, Philip Austin Jr. Singleton bought 6,345 shares of OneWater Marine stock. The shares were purchased at an average price of $12.93 per share, with a total value of $82,040.85.

OneWater Marine Trading Up 4.1%

Shares of OneWater Marine stock traded up $0.44 during trading on Wednesday, reaching $11.29. 102,266 shares of the stock were exchanged, compared to its average volume of 159,548. The company has a quick ratio of 0.26, a current ratio of 1.13 and a debt-to-equity ratio of 1.18. The stock's fifty day moving average is $10.07 and its 200 day moving average is $11.94. The firm has a market cap of $187.53 million, a price-to-earnings ratio of -1.51 and a beta of 1.49. OneWater Marine Inc. has a 1 year low of $8.12 and a 1 year high of $17.92.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted 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 positive return on equity of 2.13% and a negative net margin of 6.69%.The firm had revenue of $442.29 million for the quarter, compared to analysts' expectations of $477.30 million. OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. As a group, equities research analysts expect that OneWater Marine Inc. will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OneWater Marine

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of 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 purchasing an additional 1,395 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of OneWater Marine during the fourth quarter valued at approximately $82,000. Hsbc Holdings PLC purchased a new position in shares of OneWater Marine during the first quarter valued at approximately $113,000. JPMorgan Chase & Co. lifted its holdings in shares of OneWater Marine by 50.0% during the third quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company's stock valued at $129,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Man Group plc purchased a new position in shares of OneWater Marine during the fourth quarter valued at approximately $139,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on ONEW shares. Truist Financial lowered their price objective on shares of OneWater Marine from $17.00 to $15.00 and set a "buy" rating for the company in a report on Monday, April 27th. Robert W. Baird set a $13.00 price objective on shares of OneWater Marine in a report on Friday, May 1st. Zacks Research upgraded shares of OneWater Marine from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. Weiss Ratings restated a "sell (d-)" rating on shares of OneWater Marine in a report on Tuesday, April 21st. Finally, KeyCorp lowered their price objective on shares of OneWater Marine from $16.00 to $14.00 and set an "overweight" rating for the company in a report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, OneWater Marine has a consensus rating of "Hold" and a consensus target price of $14.00.

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.

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