Brunswick Corporation (NYSE:BC) Receives $73.54 Average PT from Brokerages

Shares of Brunswick Corporation (NYSE:BC) have received a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $73.5385.

BC has been the topic of a number of analyst reports. Zacks Research cut shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. BMO Capital Markets upped their target price on shares of Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. B. Riley raised their price target on shares of Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, September 8th. Robert W. Baird boosted their price objective on shares of Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research note on Monday.

Institutional Trading of Brunswick

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

Brunswick Stock Performance

Brunswick stock opened at $73.92 on Friday. Brunswick has a twelve month low of $41.00 and a twelve month high of $75.55. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $4.81 billion, a P/E ratio of -20.31 and a beta of 1.37. The stock’s 50 day moving average is $66.09 and its 200 day moving average is $62.25.

Brunswick (NYSE:BC) last released its earnings results on Thursday, October 23rd. The company reported $0.97 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, equities research analysts predict that Brunswick will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

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

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.