OneWater Marine Inc. (NASDAQ:ONEW) Given Consensus Rating of “Moderate Buy” by Brokerages

OneWater Marine Inc. (NASDAQ:ONEW) has earned a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $31.25.

A number of analysts have commented on ONEW shares. KeyCorp lowered their target price on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research report on Wednesday, July 31st.

Insider Transactions at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $22.31 per share, with a total value of $334,650.00. Following the transaction, the chief executive officer now owns 605,183 shares of the company’s stock, valued at approximately $13,501,632.73. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffrey B. Lamkin acquired 30,919 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired 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 of the company’s stock, valued at approximately $1,262,820.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $22.31 per share, for a total transaction of $334,650.00. Following the completion of the transaction, the chief executive officer now directly owns 605,183 shares in the company, valued at approximately $13,501,632.73. The disclosure for this purchase can be found here. Insiders have bought a total of 87,329 shares of company stock valued at $1,936,799 over the last three months. 18.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneWater Marine

Several institutional investors have recently added to or reduced their stakes in the stock. Private Management Group Inc. lifted its position in OneWater Marine by 3.2% in the 2nd quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock valued at $17,272,000 after acquiring an additional 19,222 shares in the last quarter. Vanguard Group Inc. lifted its position in OneWater Marine by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock worth $16,365,000 after buying an additional 11,227 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in OneWater Marine by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock worth $11,892,000 after buying an additional 24,364 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in OneWater Marine by 1.0% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock worth $13,483,000 after buying an additional 3,770 shares in the last quarter. Finally, Breach Inlet Capital Management LLC bought a new stake in OneWater Marine during the 4th quarter worth about $8,781,000. 94.32% of the stock is owned by institutional investors.

OneWater Marine Stock Performance

Shares of OneWater Marine stock opened at $22.75 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35. The firm has a market cap of $364.52 million, a P/E ratio of -3.99 and a beta of 2.57. The firm has a 50 day simple moving average of $23.70 and a 200 day simple moving average of $25.22. OneWater Marine has a fifty-two week low of $20.00 and a fifty-two week high of $35.86.

OneWater Marine (NASDAQ:ONEW) last released its earnings results on Tuesday, July 30th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $542.44 million for the quarter, compared to analyst estimates of $600.20 million. During the same period in the prior year, the firm posted $1.95 EPS. Sell-side analysts predict that OneWater Marine will post 1.48 earnings per share for the current fiscal year.

About OneWater Marine

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.