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Philip Singleton Jr., the CEO of OneWater Marine Inc. (NASDAQ:ONEW), has made notable purchases of the company’s Class A common stock amid the stock’s significant decline of ~34% over the past year. According to a recent SEC filing, Singleton acquired a total of 10,000 shares over two transactions on March 12 and March 13, 2025, at an average price of $16.13 per share. Based on InvestingPro analysis, the stock is currently trading near its Fair Value, with analysts setting price targets between $19 and $25. This move, representing an investment of approximately $161,300, was made indirectly through Auburn OWMH, LLLP, a member of a 10% ownership group.
The transactions reflect Singleton’s ongoing commitment to the company, as he continues to hold a significant stake both directly and indirectly through various trusts and entities. Following these purchases, Singleton’s total direct and indirect holdings in OneWater Marine amount to over 1.7 million shares.
In other recent news, OneWater Marine Inc. reported its first-quarter 2025 earnings, exceeding analyst expectations with an EPS of -$0.54 compared to the anticipated -$0.86. The company also surpassed revenue forecasts, posting $376 million against the expected $337.52 million. Despite these positive results, the company reported a net loss of $14 million. In a strategic move, OneWater Marine announced the acquisition of American Yacht Group, expanding its presence in the Southeastern U.S. and securing exclusive dealership rights for HCB Yachts in several states. This acquisition aligns with the company’s growth strategy, as noted by CEO Austin Singleton. Meanwhile, DA Davidson revised its price target for OneWater Marine, lowering it from $23.00 to $19.00, while maintaining a Neutral rating on the stock. The adjustment reflects a cautious outlook due to the uncertain retail environment and industry-wide inventory challenges. Investors will be closely monitoring how OneWater Marine navigates these developments.
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