Brunswick (NYSE:BC) Sets New 52-Week High – Should You Buy?

Brunswick Corporation (NYSE:BC) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $76.98 and last traded at $75.5430, with a volume of 142579 shares trading hands. The stock had previously closed at $75.89.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BC. Seaport Res Ptn raised shares of Brunswick to a “strong-buy” rating in a report on Monday, December 8th. Loop Capital assumed coverage on shares of Brunswick in a report on Monday, December 22nd. They issued a “hold” rating and a $74.00 price target on the stock. Morgan Stanley increased their price objective on shares of Brunswick from $51.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a research report on Monday, December 29th. Finally, Citigroup boosted their target price on Brunswick from $74.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Brunswick has an average rating of “Hold” and an average target price of $73.57.

Brunswick Stock Performance

The stock has a market capitalization of $4.95 billion, a PE ratio of -20.91 and a beta of 1.36. The business’s 50 day moving average is $69.49 and its 200 day moving average is $64.56. 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 announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the firm earned $1.17 earnings per share. The firm’s quarterly 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. On average, equities research analysts predict that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Wednesday, November 26th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, November 26th. Brunswick’s dividend payout ratio (DPR) is currently -47.25%.

Institutional Investors Weigh In On Brunswick

Several large investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in shares of Brunswick by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,494,664 shares of the company’s stock worth $221,003,000 after acquiring an additional 11,777 shares during the period. Dimensional Fund Advisors LP increased its holdings in Brunswick by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,749,443 shares of the company’s stock worth $173,879,000 after purchasing an additional 54,838 shares during the period. American Century Companies Inc. increased its holdings in Brunswick by 56.4% during the 3rd quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock worth $145,637,000 after purchasing an additional 830,451 shares during the period. Deprince Race & Zollo Inc. raised its position in Brunswick by 2.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,852,050 shares of the company’s stock valued at $117,124,000 after purchasing an additional 44,431 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Brunswick by 70.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,700,164 shares of the company’s stock worth $107,518,000 after buying an additional 700,447 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

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.