Brunswick (NYSE:BC) Price Target Raised to $94.00 at Truist Financial

Brunswick (NYSE:BC) had its price target boosted by Truist Financial from $93.00 to $94.00 in a research report sent to investors on Monday, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research note on Wednesday, June 24th. DA Davidson reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Brunswick in a research note on Monday, May 18th. JPMorgan Chase & Co. lifted their target price on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Texas Capital raised Brunswick from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, Morgan Stanley increased their price target on Brunswick from $82.00 to $86.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Brunswick presently has an average rating of “Hold” and an average target price of $87.07.

Brunswick Stock Performance

Shares of BC stock opened at $78.95 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.62 and a current ratio of 1.38. Brunswick has a one year low of $55.60 and a one year high of $90.25. The firm’s 50 day moving average price is $81.13 and its 200-day moving average price is $80.11. The firm has a market cap of $5.13 billion, a P/E ratio of -37.84 and a beta of 1.33.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, April 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.24. Brunswick had a negative net margin of 2.47% and a positive return on equity of 13.30%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the firm posted $0.56 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Brunswick has set its FY 2026 guidance at 4.000-4.50 EPS and its Q2 2026 guidance at 1.100-1.20 EPS. As a group, equities research analysts predict that Brunswick will post 4.28 EPS for the current year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, May 18th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, May 18th. Brunswick’s dividend payout ratio (DPR) is currently -83.81%.

Insider Buying and Selling at Brunswick

In related news, CEO David M. Foulkes sold 25,853 shares of Brunswick stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $83.12, for a total value of $2,148,901.36. Following the sale, the chief executive officer directly owned 267,528 shares in the company, valued at $22,236,927.36. The trade was a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.99% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brunswick

Institutional investors and hedge funds have recently made changes to their positions in the stock. Perbak Capital Partners LLP purchased a new position in Brunswick in the 3rd quarter valued at approximately $1,339,000. Interval Partners LP raised its holdings in Brunswick by 268.6% during the third quarter. Interval Partners LP now owns 521,401 shares of the company’s stock worth $32,973,000 after purchasing an additional 379,937 shares during the last quarter. Swedbank AB purchased a new stake in Brunswick during the fourth quarter worth $10,394,000. Dimensional Fund Advisors LP grew its holdings in Brunswick by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,749,443 shares of the company’s stock valued at $173,879,000 after purchasing an additional 54,838 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Brunswick by 2.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,572,892 shares of the company’s stock valued at $265,252,000 after purchasing an additional 78,228 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

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.