Bcwm LLC Buys 15,387 Shares of Garmin Ltd. $GRMN

Bcwm LLC grew its stake in Garmin Ltd. (NYSE:GRMN) by 42.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,994 shares of the scientific and technical instruments company’s stock after purchasing an additional 15,387 shares during the quarter. Garmin comprises approximately 3.2% of Bcwm LLC’s holdings, making the stock its 8th largest holding. Bcwm LLC’s holdings in Garmin were worth $10,547,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Krilogy Financial LLC acquired a new stake in Garmin during the 3rd quarter worth $1,519,000. ARK Investment Management LLC raised its stake in Garmin by 10.9% during the 3rd quarter. ARK Investment Management LLC now owns 28,925 shares of the scientific and technical instruments company’s stock worth $7,122,000 after buying an additional 2,852 shares during the period. GSA Capital Partners LLP acquired a new stake in Garmin during the 4th quarter worth $979,000. Diversified Trust Co. raised its stake in Garmin by 123.1% during the 4th quarter. Diversified Trust Co. now owns 8,248 shares of the scientific and technical instruments company’s stock worth $1,673,000 after buying an additional 4,551 shares during the period. Finally, DB Fitzpatrick & Co Inc bought a new position in Garmin during the 4th quarter worth about $1,439,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GRMN shares. Morgan Stanley set a $249.00 target price on Garmin in a report on Thursday, April 30th. Tigress Financial increased their target price on Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 20th. Wall Street Zen upgraded Garmin from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research cut Garmin from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $269.40.

Garmin Price Performance

Shares of NYSE GRMN opened at $236.62 on Friday. The stock has a market capitalization of $45.63 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 2.79 and a beta of 0.91. The business has a 50-day moving average of $244.62 and a 200-day moving average of $225.18. Garmin Ltd. has a fifty-two week low of $186.67 and a fifty-two week high of $273.32.

Garmin (NYSE:GRMN) last announced its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.24. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Garmin had a return on equity of 20.07% and a net margin of 23.26%.Garmin’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 EPS. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, sell-side analysts expect that Garmin Ltd. will post 9.53 EPS for the current year.

About Garmin

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.