Brunswick (NYSE:BC) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Brunswick (NYSE:BC) from a hold rating to a buy rating in a report released on Tuesday, MarketBeat Ratings reports. Jefferies Financial Group currently has $115.00 target price on the stock, up from their previous target price of $65.00.

A number of other research analysts also recently commented on the company. B. Riley increased their price objective on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Monday, September 8th. Roth Capital set a $79.00 price target on Brunswick and gave the company a “buy” rating in a report on Thursday, October 30th. Truist Financial increased their price target on shares of Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Morgan Stanley boosted their price objective on shares of Brunswick from $51.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Finally, Loop Capital started coverage on shares of Brunswick in a report on Monday, December 22nd. They issued a “hold” rating and a $74.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.14.

Brunswick Stock Up 2.4%

BC stock opened at $86.73 on Tuesday. Brunswick has a one year low of $41.00 and a one year high of $87.39. The firm has a market cap of $5.64 billion, a PE ratio of -23.83 and a beta of 1.36. The firm’s 50 day moving average price is $70.56 and its 200-day moving average price is $65.19. 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 (NYSE:BC) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the firm earned $1.17 EPS. Brunswick’s revenue was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, equities research analysts anticipate that Brunswick will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 26th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, November 26th. Brunswick’s dividend payout ratio is presently -47.25%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. increased its position in shares of Brunswick by 26.5% in the second quarter. Harbor Capital Advisors Inc. now owns 26,344 shares of the company’s stock valued at $1,455,000 after acquiring an additional 5,526 shares during the last quarter. Global Alpha Capital Management Ltd. grew its stake in Brunswick by 26.6% in the second quarter. Global Alpha Capital Management Ltd. now owns 272,028 shares of the company’s stock valued at $15,027,000 after purchasing an additional 57,100 shares in the last quarter. Bryn Mawr Trust Advisors LLC bought a new position in Brunswick in the second quarter valued at approximately $224,000. Garner Asset Management Corp increased its position in shares of Brunswick by 33.4% during the 2nd quarter. Garner Asset Management Corp now owns 29,732 shares of the company’s stock worth $1,642,000 after purchasing an additional 7,444 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Brunswick by 33.1% during the 2nd quarter. New York State Common Retirement Fund now owns 399,962 shares of the company’s stock worth $22,094,000 after purchasing an additional 99,391 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.