OneWater Marine (NASDAQ:ONEW) Given New $13.00 Price Target at Truist Financial

OneWater Marine (NASDAQ:ONEW) had its price objective lowered by Truist Financial from $15.00 to $13.00 in a report published on Monday morning, MarketBeat reports. Truist Financial currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. KeyCorp dropped their target price on OneWater Marine from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Weiss Ratings downgraded OneWater Marine from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. Finally, Robert W. Baird set a $13.00 price objective on OneWater Marine in a report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.33.

OneWater Marine Trading Up 1.7%

Shares of ONEW opened at $10.68 on Monday. The firm has a market cap of $177.42 million, a price-to-earnings ratio of -1.42 and a beta of 1.53. OneWater Marine has a fifty-two week low of $8.12 and a fifty-two week high of $17.92. The firm has a 50 day moving average price of $10.97 and a 200-day moving average price of $11.18. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.29 and a current ratio of 1.16.

OneWater Marine (NASDAQ:ONEW) last posted its earnings results on Thursday, April 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.43). The firm had revenue of $442.29 million during the quarter, compared to analyst estimates of $477.30 million. OneWater Marine had a negative net margin of 6.69% and a positive return on equity of 2.22%. OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. As a group, equities research analysts forecast that OneWater Marine will post 0.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John Troiano sold 27,844 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $12.07, for a total value of $336,077.08. Following the completion of the sale, the director directly owned 41,438 shares in the company, valued at $500,156.66. This represents a 40.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Philip Austin Jr. Singleton bought 21,930 shares of OneWater Marine stock in a transaction dated Tuesday, May 5th. The stock was acquired at an average price of $10.88 per share, with a total value of $238,598.40. Following the completion of the transaction, the chairman directly owned 801,816 shares of the company’s stock, valued at approximately $8,723,758.08. The trade was a 2.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 19.50% of the company’s stock.

Institutional Trading of OneWater Marine

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its stake in OneWater Marine by 94.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after purchasing an additional 1,395 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of OneWater Marine in the fourth quarter valued at approximately $82,000. JPMorgan Chase & Co. increased its holdings in shares of OneWater Marine by 50.0% in 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. Occudo Quantitative Strategies LP purchased a new position in OneWater Marine during the third quarter worth approximately $192,000. Finally, Hsbc Holdings PLC purchased a new position in OneWater Marine during the first quarter worth approximately $113,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

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.