Philip Austin Jr. Singleton Purchases 5,000 Shares of OneWater Marine Inc. (NASDAQ:ONEW) Stock

Posted by Defense World Staff on Mar 12th, 2023

OneWater Marine Inc. (NASDAQ:ONEW – Get Rating) CEO Philip Austin Jr. Singleton purchased 5,000 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was acquired at an average cost of $26.81 per share, for a total transaction of $134,050.00. Following the completion of the transaction, the chief executive officer now owns 552,805 shares in the company, valued at $14,820,702.05. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

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

On Tuesday, February 21st, Philip Austin Jr. Singleton acquired 10,000 shares of OneWater Marine stock. The stock was bought at an average price of $29.74 per share, for a total transaction of $297,400.00.
On Tuesday, February 7th, Philip Austin Jr. Singleton purchased 2,500 shares of OneWater Marine stock. The stock was bought at an average cost of $28.92 per share, with a total value of $72,300.00.
On Monday, December 19th, Philip Austin Jr. Singleton acquired 3,435 shares of OneWater Marine stock. The shares were bought at an average price of $30.44 per share, for a total transaction of $104,561.40.
On Monday, December 12th, Philip Austin Jr. Singleton bought 225 shares of OneWater Marine stock. The shares were purchased at an average cost of $30.93 per share, for a total transaction of $6,959.25.

OneWater Marine Trading Down 1.7 %

Shares of ONEW stock opened at $26.09 on Friday. The company has a market capitalization of $411.44 million, a P/E ratio of 3.15 and a beta of 2.46. OneWater Marine Inc. has a 12-month low of $25.73 and a 12-month high of $46.65. The company has a quick ratio of 0.31, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $29.50 and a 200 day moving average price of $31.61.

OneWater Marine (NASDAQ:ONEW – Get Rating) last posted its earnings results on Thursday, February 2nd. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($1.18). The firm had revenue of $366.66 million during the quarter, compared to the consensus estimate of $422.33 million. OneWater Marine had a net margin of 6.75% and a return on equity of 28.61%. Research analysts forecast that OneWater Marine Inc. will post 7.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

ONEW has been the subject of a number of research reports. Raymond James reduced their price objective on OneWater Marine from $55.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Truist Financial decreased their target price on shares of OneWater Marine from $38.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. Robert W. Baird dropped their price target on shares of OneWater Marine from $45.00 to $42.00 in a research report on Friday, February 3rd. Finally, DA Davidson decreased their price objective on OneWater Marine from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, February 6th.

Institutional Trading of OneWater Marine

Several large investors have recently made changes to their positions in ONEW. State of Wyoming raised its holdings in shares of OneWater Marine by 13.0% in the fourth quarter. State of Wyoming now owns 7,403 shares of the company’s stock valued at $212,000 after buying an additional 850 shares during the last quarter. Capital Impact Advisors LLC raised its stake in shares of OneWater Marine by 3.7% in the fourth quarter. Capital Impact Advisors LLC now owns 18,555 shares of the company’s stock worth $531,000 after acquiring an additional 663 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of OneWater Marine during the fourth quarter worth approximately $380,000. NBW Capital LLC lifted its position in shares of OneWater Marine by 13.2% during the fourth quarter. NBW Capital LLC now owns 264,652 shares of the company’s stock worth $7,569,000 after purchasing an additional 30,938 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of OneWater Marine by 108.1% during the fourth quarter. AQR Capital Management LLC now owns 15,091 shares of the company’s stock valued at $432,000 after purchasing an additional 7,840 shares during the last quarter. Institutional investors own 57.11% of the company’s stock.

OneWater Marine Company Profile

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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 also 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, as well as rental of boats and personal watercraft.