6 top boat stocks to buy in 2023

The best boat stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.

6 boat stocks to buy in 2023

We round up a selection of stocks in or related to the boating industry, weighting the list more heavily towards popular mid- and large-cap US stocks.

1. MarineMax (HZO)
2. West Marine (WMAR)
3. Malibu Boats (MBUU)
4. MCBC (MCFT)
5. Brunswick Corporation (BC)
6. Marine Products Corporation (MPX)

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The boat stocks industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering boat stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.

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Take a deeper dive into boat stocks

If you're interested in investing in the boating industry, take a closer look at what companies in this industry do and how the stocks have historically performed. Keep in mind that positive past performance doesn't guarantee that a stock will continue to rise in the future.

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1. MarineMax (HZO)

MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing.

MarineMax stock opened the day at $29.32 after a previous close of $29.31. The latest price was $29.39 (25-minute delay). MarineMax is listed on the NYSE, has a trailing 12-month revenue of around USD2.4 billion and employs 3,928 staff.

• Market capitalization: $649,834,944
• P/E ratio: 6.0185
• PEG ratio: 0.62

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2. West Marine (WMAR)

West Marine, Inc. operates as a specialty retailer of boating supplies, gear, apparel, footwear, and other water life-related products primarily in the United States. The company offers core boating products that comprise of maintenance, electronics, sailboat hardware, anchors/docking/moorings, engine systems, safety, electrical, plumbing, boats/outboards, ventilation, deck hardware/fasteners, navigation, trailering, seating/boat covers, and barbecues/appliances.

West Marine is listed on the NASDAQ and employs 1,850 staff.

• PEG ratio: 0

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3. Malibu Boats (MBUU)

Malibu Boats, Inc. designs, engineers, manufactures, markets, and sells a range of recreational powerboats. It operates through three segments: Malibu, Saltwater Fishing, and Cobalt.

Malibu Boats stock opened the day at $44.69 after a previous close of $44.85. The latest price was $45.29 (25-minute delay). Malibu Boats is listed on the NASDAQ, has a trailing 12-month revenue of around USD$1.3 billion and employs 3,095 staff.

• Market capitalization: $933,380,416
• P/E ratio: 10.5195
• PEG ratio: 0.637

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4. MCBC (MCFT)

MasterCraft Boat Holdings, Inc. , through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates through MasterCraft, Crest, and Aviara segments.

MCBC stock opened the day at $20.68 after a previous close of $20.80. The latest price was $20.67 (25-minute delay). MCBC is listed on the NASDAQ, has a trailing 12-month revenue of around USD$596.7 million and employs 1,060 staff.

• Market capitalization: $358,409,216
• P/E ratio: 5.0291
• PEG ratio: 1.35

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5. Brunswick Corporation (BC)

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through three segments: Propulsion, Parts & Accessories, and Boat. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

Brunswick Corporation stock opened the day at $77.58 after a previous close of $78.07. The latest price was $78.44 (25-minute delay). Brunswick Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$6.6 billion and employs 18,000 staff.

• Market capitalization: $5,372,199,424
• P/E ratio: 11.0895
• PEG ratio: 0.97

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6. Marine Products Corporation (MPX)

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats and SSi outboard models; and Robalo outboard sport fishing boats. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name.

Marine Products Corporation stock opened the day at $9.58 after a previous close of $9.46. The latest price was $9.91 (25-minute delay). Marine Products Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$421.4 million and employs 935 staff.

• Market capitalization: $326,054,976
• P/E ratio: 6.7571
• PEG ratio: 2.44

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Bottom line

While it’s possible to turn a profit investing in boat stocks, keep in mind that — like any investment — boat stocks are not immune to risk. These stocks are subject to fluctuating conditions — both in the market and in the boating industry, so carefully vet your picks before you invest. And if you’re new to investing, or if it’s been awhile since you’ve taken a critical look at your investing accounts, compare brokers to make sure you’re getting the best features in your trading account.

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