Brunswick (NYSE:BC) Upgraded at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Brunswick (NYSE:BC) to a strong-buy rating in a report published on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 23rd. Citigroup increased their price target on Brunswick from $74.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Zacks Research lowered Brunswick from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Benchmark upped their target price on Brunswick from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Robert W. Baird increased their target price on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $73.54.

Brunswick Trading Up 4.3%

Brunswick stock opened at $74.44 on Monday. The firm has a market cap of $4.84 billion, a PE ratio of -20.45 and a beta of 1.37. Brunswick has a 12 month low of $41.00 and a 12 month high of $78.13. The stock’s 50 day simple moving average is $65.74 and its two-hundred day simple moving average is $62.00. The company has a current ratio of 1.78, a quick ratio of 0.73 and a debt-to-equity ratio of 1.28.

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

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 26th will be issued a $0.43 dividend. The ex-dividend date is Wednesday, November 26th. This represents a $1.72 dividend on an annualized basis and a yield of 2.3%. Brunswick’s dividend payout ratio (DPR) is presently -47.25%.

Institutional Investors Weigh In On Brunswick

Large investors have recently modified their holdings of the business. First Horizon Corp purchased a new position in shares of Brunswick in the third quarter worth about $26,000. Jones Financial Companies Lllp raised its holdings in Brunswick by 50.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after acquiring an additional 166 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Brunswick in the 3rd quarter worth approximately $37,000. Quent Capital LLC acquired a new position in shares of Brunswick during the 3rd quarter worth approximately $38,000. Finally, Larson Financial Group LLC grew its position in shares of Brunswick by 705.4% in the third quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock valued at $38,000 after purchasing an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

About Brunswick

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.