Brunswick Corporation (NYSE:BC) Receives Consensus Rating of “Hold” from Analysts

Brunswick Corporation (NYSE:BC) has been given an average recommendation of “Hold” by the sixteen analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $73.5385.

A number of brokerages recently issued reports on BC. Benchmark lifted their price target on shares of Brunswick from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Citigroup boosted their target price on shares of Brunswick from $74.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Roth Capital set a $79.00 target price on shares of Brunswick and gave the company a “buy” rating in a research note on Thursday, October 30th. Jefferies Financial Group reiterated a “hold” rating and issued a $65.00 price target on shares of Brunswick in a research note on Thursday, October 23rd. Finally, Robert W. Baird upped their price objective on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, October 24th.

Institutional Trading of Brunswick

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in Brunswick by 8.7% in the first quarter. Cetera Investment Advisers now owns 11,298 shares of the company’s stock worth $608,000 after acquiring an additional 906 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Brunswick during the 1st quarter worth approximately $308,000. New Age Alpha Advisors LLC lifted its holdings in shares of Brunswick by 55.7% in the 1st quarter. New Age Alpha Advisors LLC now owns 9,531 shares of the company’s stock worth $513,000 after purchasing an additional 3,411 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Brunswick by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 723,748 shares of the company’s stock valued at $38,974,000 after purchasing an additional 8,390 shares during the period. Finally, Deutsche Bank AG grew its stake in Brunswick by 1.9% during the 1st quarter. Deutsche Bank AG now owns 28,563 shares of the company’s stock worth $1,538,000 after buying an additional 532 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Stock Up 0.4%

Shares of NYSE BC opened at $69.99 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.73 and a current ratio of 1.78. Brunswick has a 1 year low of $41.00 and a 1 year high of $79.04. The stock’s 50-day simple moving average is $65.23 and its 200-day simple moving average is $61.48. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of -19.23 and a beta of 1.37.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.13. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. Brunswick’s revenue for the quarter was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. As a group, equities analysts anticipate that Brunswick will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 26th will be paid a dividend of $0.43 per share. The ex-dividend date is Wednesday, November 26th. This represents a $1.72 annualized dividend and a yield of 2.5%. Brunswick’s dividend payout ratio (DPR) is -47.25%.

Brunswick Company Profile

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.