OneWater Marine (NASDAQ:ONEW) Upgraded at Zacks Research

Zacks Research upgraded shares of OneWater Marine (NASDAQ:ONEW) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Separately, KeyCorp lifted their price objective on OneWater Marine from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.60.

OneWater Marine Stock Down 0.8%

ONEW opened at $15.72 on Monday. OneWater Marine has a fifty-two week low of $11.58 and a fifty-two week high of $26.77. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.23 and a quick ratio of 0.37. The firm’s fifty day moving average price is $16.18 and its two-hundred day moving average price is $15.13. The company has a market capitalization of $257.34 million, a P/E ratio of -19.41 and a beta of 1.89.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share 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 for the quarter, compared to analyst estimates of $532.01 million. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. On average, analysts anticipate that OneWater Marine will post 1.57 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Philip Austin Jr. Singleton purchased 3,654 shares of OneWater Marine stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average price of $15.37 per share, for a total transaction of $56,161.98. Following the transaction, the chief executive officer directly owned 712,244 shares in the company, valued at approximately $10,947,190.28. This represents a 0.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John Troiano sold 15,041 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $17.35, for a total transaction of $260,961.35. Following the transaction, the director owned 52,226 shares in the company, valued at approximately $906,121.10. This trade represents a 22.36% decrease in their position. The disclosure for this sale can be found here. 20.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its position in OneWater Marine by 7.9% during the 1st quarter. Royce & Associates LP now owns 2,000,586 shares of the company’s stock worth $32,369,000 after buying an additional 146,798 shares in the last quarter. American Century Companies Inc. lifted its position in OneWater Marine by 15.3% during the 2nd quarter. American Century Companies Inc. now owns 1,969,542 shares of the company’s stock worth $26,372,000 after buying an additional 261,545 shares in the last quarter. Private Management Group Inc. lifted its position in OneWater Marine by 2.1% during the 2nd quarter. Private Management Group Inc. now owns 595,511 shares of the company’s stock worth $7,974,000 after buying an additional 12,504 shares in the last quarter. General Equity Holdings LP lifted its position in OneWater Marine by 17.9% during the 2nd quarter. General Equity Holdings LP now owns 470,246 shares of the company’s stock worth $6,297,000 after buying an additional 71,435 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in OneWater Marine by 40.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 455,320 shares of the company’s stock worth $7,367,000 after buying an additional 130,400 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

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.