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

by · The Cerbat Gem

Shares of OneWater Marine Inc. (NASDAQ:ONEW – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $31.25.

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

View Our Latest Research Report on ONEW

Insider Activity

In other news, Director Jeffrey B. Lamkin acquired 30,919 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $22.27 per share, for a total transaction of $688,566.13. Following the completion of the acquisition, the director now directly owns 56,705 shares in the company, valued at $1,262,820.35. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Philip Austin Jr. Singleton purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was acquired at an average price of $22.31 per share, for a total transaction of $334,650.00. Following the completion of the acquisition, the chief executive officer now owns 605,183 shares of the company’s stock, valued at $13,501,632.73. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey B. Lamkin purchased 30,919 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were bought at an average price of $22.27 per share, with a total value of $688,566.13. Following the acquisition, the director now directly owns 56,705 shares of the company’s stock, valued at $1,262,820.35. This represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 87,329 shares of company stock worth $1,936,799 over the last quarter. 18.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On OneWater Marine

Several institutional investors have recently bought and sold shares of ONEW. Breach Inlet Capital Management LLC purchased a new position in OneWater Marine in the fourth quarter worth $8,781,000. Hotchkis & Wiley Capital Management LLC boosted its position in OneWater Marine by 1.0% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock worth $13,483,000 after purchasing an additional 3,770 shares during the last quarter. Vanguard Group Inc. boosted its position in OneWater Marine by 2.0% in the first quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock worth $16,365,000 after purchasing an additional 11,227 shares during the last quarter. Rhumbline Advisers boosted its position in OneWater Marine by 5.4% in the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after purchasing an additional 994 shares during the last quarter. Finally, Sei Investments Co. boosted its position in OneWater Marine by 1.1% in the second quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock worth $5,243,000 after purchasing an additional 2,124 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.

OneWater Marine Price Performance

OneWater Marine stock opened at $21.28 on Wednesday. The stock’s 50 day moving average is $23.25 and its 200 day moving average is $25.15. 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 $341.76 million, a P/E ratio of -3.73 and a beta of 2.57. OneWater Marine has a one year low of $20.00 and a one year high of $35.86.

OneWater Marine (NASDAQ:ONEW – Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($1.01). The business had revenue of $542.44 million during the quarter, compared to the consensus estimate of $600.20 million. OneWater Marine had a positive return on equity of 6.60% and a negative net margin of 5.16%. During the same quarter in the previous year, the firm posted $1.95 earnings per share. As a group, research analysts expect that OneWater Marine will post 1.48 EPS for the current year.

OneWater Marine Company Profile

(Get Free Report

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.

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