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6 top boat stocks to buy in 2024

Ready to invest in the boating industry? Learn how to invest in boat stocks in just a few steps.

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 popular boat stocks picks to buy in 2024

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)

Compare premium accounts that help you research stocks

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.

Our picks for platforms with research tools

Moby Premium

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  • Services: Analyst stock picks & research
  • Fees: $99.96/first full year for new members
  • Features: 3 new stock picks a week, daily newsletter, lessons, video reports

Robinhood Gold

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  • Min. deposit: $0
  • Stock trade fee: $0
  • Sign up bonus: Get a free stock when you successfully sign up and link your bank account.

Public.com Premium

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Easy access to diverse assets
  • Trade stocks, bonds, options, ETFs, crypto, Treasurys, collectibles, royalties
  • Earn 5.1% APY on your cash
  • Earn a $0.18 rebate on options, with no commissions and no per-contract fees

How to invest in boat stocks

  1. Choose an online stock trading platform. Choose from our Top Picks above, use our comparison table below or jump straight to the best stock trading apps of 2024.
  2. Sign up for an account. Provide your personal information and sign up.
  3. Set up a funding method to pay for the transaction. Deposit funds into your account by linking your banking information.
  4. Choose the stocks you want to buy. Search for the stock by name or ticker symbol like HZO or WMAR.
  5. Place your order. Buy the stock. It's that simple.

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.

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 $27.65 after a previous close of $27.45. The latest price was $27.42 (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: $613,462,016
  • P/E ratio: 6.8433
  • 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 $36.79 after a previous close of $38.48. The latest price was $36.14 (25-minute delay). Malibu Boats is listed on the NASDAQ, has a trailing 12-month revenue of around USD$1.2 billion and employs 3,095 staff.

  • Market capitalization: $855,846,208
  • P/E ratio: 13.4263
  • PEG ratio: 0.9325

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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 $22.29 after a previous close of $21.93. The latest price was $21.50 (25-minute delay). MCBC is listed on the NASDAQ, has a trailing 12-month revenue of around USD$537 million and employs 1,060 staff.

  • Market capitalization: $370,485,152
  • P/E ratio: 6.4732
  • PEG ratio: 1.35

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5. 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.

Brunswick Corporation stock opened the day at $86.43 after a previous close of $87.15. The latest price was $85.48 (25-minute delay). Brunswick Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$6.4 billion and employs 16,608 staff.

  • Market capitalization: $6,018,241,024
  • P/E ratio: 14.4551
  • PEG ratio: 0.8314

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6. Marine Products Corporation (MPX)

Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and 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 $11.10 after a previous close of $11.07. The latest price was $11.01 (25-minute delay). Marine Products Corporation is listed on the NYSE, has a trailing 12-month revenue of around USD$383.7 million and employs 690 staff.

  • Market capitalization: $383,939,680
  • P/E ratio: 9.1488
  • PEG ratio: 2.44

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Compare more stock trading platforms to invest in boat stocks

Compare online trading platforms by fees, asset types and bonuses to find the best for your investment in boat stocks.
1 - 5 of 5
Name Product Ratings Available asset types Minimum deposit Stock trade fee Cash sweep APY Signup bonus
SoFi Invest®
Finder Score: 4.1 / 5: ★★★★★
SoFi Invest®
★★★★★
Stocks, Mutual funds, ETFs, Alternatives
$0
$0
N/A
Tastytrade
Finder Score: 4.6 / 5: ★★★★★
Tastytrade
★★★★★
Stocks, Options, ETFs, Cryptocurrency, Futures, Treasury Bills
$0
$0
N/A
Get $100-$5,000
when you open and fund an account with $5,000 to $1,000,000+
Highly commended for Best Derivatives Trading Platform award.
Public.com
Finder Score: 4.1 / 5: ★★★★★
Public.com
★★★★★
Stocks, ETFs, Cryptocurrency, Art, Treasury Bills, Collectibles
$0
$0
5.1%
N/A
2.5% fee applies to all alternative asset transactions.
Robinhood
Finder Score: 4.3 / 5: ★★★★★
Robinhood
★★★★★
Stocks, Options, ETFs, Cryptocurrency
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1.5%, or 5% with Robinhood Gold
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Moomoo
Finder Score: 4.7 / 5: ★★★★★
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Stocks, Options, ETFs
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No commission stock and ETF trading, with a chance to get a 1.5% cash reward match or 7 free fractional shares.
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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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Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.

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