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Considering investing in boat stocks? While the best boat stocks depend on your portfolio and investment goals, we've identified some boat stocks that are worth keeping an eye on in the boating sector. Keep reading to learn more about boat stocks and how to start investing.
6 popular boat stocks to watch
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 stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy now on CIBC Investor's Edge |
|---|---|---|---|---|---|
| MarineMax (HZO.US) | -27.96% | $528.9 million | NYSE | 274,736 | Buy now |
| West Marine (WMAR.US) | (data unavailable) | (data unavailable) | NASDAQ | (data unavailable) | Buy now |
| Malibu Boats (MBUU.US) | -36.72% | $544.9 million | NASDAQ | 232,354 | Buy now |
| MCBC (MCFT.US) | -7.46% | $326.9 million | NASDAQ | 293,189 | Buy now |
| Brunswick Corporation (BC.US) | -21.24% | $4.3 billion | NYSE | 563,002 | Buy now |
| Marine Products Corporation (MPX.US) | -15.74% | $299.2 million | NYSE | 44,200 | Buy now |
What to look for when investing in boat stock
The boating 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.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
How to invest in boat stock
- Research the boating industry. Before investing, learn about the boat stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the boat stock(s) to buy. Search by company name or ticker symbol, like HZO or WMAR. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Our top picks for where to buy boat stocks
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CA & US trading
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Are boat stocks a good investment?
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.What are the best boat stocks?
A lot of factors go into picking the best boat stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong boat stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular boat stocks in or related to the boating industry to help narrow down your options:
Keep in mind that this is not a "best" list or a recommendation. It highlights some boat stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each boat stock below. Keep reading to decide if any of these companies are the right investment for you.
MarineMax (HZO)
MarineMax, Inc. operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing.
| Closing stock price | $23.39 |
|---|---|
| Market Capitalization | $528.9 million |
| Gross profit (TTM) | $752 million |
| Profit margin | -1.15% |
| Revenue (TTM) | $2.3 billion |
| Earnings per share (TTM) | -$1.21 |
| 52-week stock price range | $16.85 – $35.46 |
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.
| Earnings per share (TTM) | $0.32 |
|---|
Malibu Boats (MBUU)
Malibu Boats, Inc. designs, engineers, manufactures, markets, and sells various recreational powerboats. The company operates through three segments: Malibu, Saltwater Fishing, and Cobalt.
| Closing stock price | $27.82 |
|---|---|
| Market Capitalization | $544.9 million |
| Gross profit (TTM) | $143.8 million |
| Profit margin | 2.31% |
| Revenue (TTM) | $830.7 million |
| Earnings per share (TTM) | $0.75 |
| 52-week stock price range | $24.43 – $47.30 |
MCBC (MCFT)
MasterCraft Boat Holdings, Inc. , through its subsidiaries, designs, manufactures, and markets recreational powerboats. It operates in two segments, MasterCraft and Pontoon.
| Closing stock price | $20.23 |
|---|---|
| Market Capitalization | $326.9 million |
| Gross profit (TTM) | $56.9 million |
| Profit margin | 2.48% |
| Revenue (TTM) | $284.2 million |
| Earnings per share (TTM) | $0.65 |
| 52-week stock price range | $14.39 – $23.94 |
Brunswick Corporation (BC)
Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.
| Closing stock price | $66.04 |
|---|---|
| Market Capitalization | $4.3 billion |
| Gross profit (TTM) | $1.3 billion |
| Profit margin | -4.60% |
| Revenue (TTM) | $5.2 billion |
| Earnings per share (TTM) | -$3.39 |
| 52-week stock price range | $40.40 – $85.77 |
Marine Products Corporation (MPX)
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing boat markets in the United States. 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 Sportboats; and Robalo outboard sport fishing boats. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name.
| Closing stock price | $8.35 |
|---|---|
| Market Capitalization | $299.2 million |
| Gross profit (TTM) | $43.2 million |
| Profit margin | 5.84% |
| Revenue (TTM) | $227.7 million |
| Earnings per share (TTM) | $0.40 |
| 52-week stock price range | $7.25 – $9.84 |
Compare trading platforms to buy boat stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
5 of 5 results
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding boat stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of boat stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the boating industry to know when to buy, sell or hold.
Related: How to buy stocks in Canada
Frequently asked questions about boat stocks
Sources
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
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