OneWater Marine (NASDAQ:ONEW) Director John Troiano Sells 3,671 Shares of Stock

OneWater Marine Inc. (NASDAQ:ONEW) Director John Troiano sold 3,671 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $12.16, for a total value of $44,639.36. Following the completion of the sale, the director directly owned 50,481 shares in the company, valued at $613,848.96. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

John Troiano also recently made the following trade(s):

• On Friday, May 8th, John Troiano sold 27,844 shares of OneWater Marine stock. The stock was sold at an average price of $12.07, for a total transaction of $336,077.08.
• On Thursday, February 12th, John Troiano sold 1,662 shares of OneWater Marine stock. The stock was sold at an average price of $13.19, for a total value of $21,921.78.

OneWater Marine Price Performance

NASDAQ ONEW opened at $11.16 on Wednesday. The business’s fifty day moving average price is $10.06 and its 200-day moving average price is $11.80. OneWater Marine Inc. has a 1-year low of $8.12 and a 1-year high of $17.92. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a market capitalization of $185.48 million, a price-to-earnings ratio of -1.49 and a beta of 1.49.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the company. KeyCorp lowered their price target on OneWater Marine from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a research note on Tuesday, April 21st. Truist Financial cut their price objective on shares of OneWater Marine from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Robert W. Baird set a $13.00 price objective on OneWater Marine in a research report on Friday, May 1st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Marshall Wace LLP increased its holdings in OneWater Marine by 169.9% in the 4th quarter. Marshall Wace LLP now owns 246,049 shares of the company’s stock valued at $2,662,000 after purchasing an additional 154,876 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of OneWater Marine by 126.6% in the 2nd quarter. Jane Street Group LLC now owns 25,831 shares of the company’s stock valued at $346,000 after buying an additional 122,976 shares during the period. Divisadero Street Capital Management LP purchased a new stake in OneWater Marine during the third quarter worth approximately $1,711,000. Charles Schwab Investment Management Inc. boosted its stake in shares of OneWater Marine by 33.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 287,265 shares of the company’s stock worth $3,108,000 after buying an additional 72,595 shares during the period. Finally, American Century Companies Inc. lifted its position in OneWater Marine by 3.6% during the 3rd quarter. American Century Companies Inc. now owns 2,040,568 shares of the company’s stock worth $32,323,000 after acquiring an additional 71,026 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.

About OneWater Marine

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.