Brunswick (NYSE:BC) Hits New 1-Year High – Still a Buy?

Brunswick Corporation (NYSE:BC) reached a new 52-week high during trading on Wednesday . The stock traded as high as $89.00 and last traded at $88.7350, with a volume of 59058 shares. The stock had previously closed at $87.48.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BC shares. Morgan Stanley upped their price target on Brunswick from $51.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Citigroup reiterated a “buy” rating on shares of Brunswick in a research note on Wednesday. Truist Financial upped their price objective 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. Loop Capital initiated coverage on Brunswick in a report on Monday, December 22nd. They set a “hold” rating and a $74.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $78.00.

Brunswick Stock Up 0.1%

The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.73 and a current ratio of 1.78. The firm’s 50-day moving average is $71.85 and its 200 day moving average is $65.99. The firm has a market capitalization of $5.69 billion, a PE ratio of -23.99 and a beta of 1.36.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the company 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. As a group, research analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

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

Institutional Investors Weigh In On Brunswick

Institutional investors have recently added to or reduced their stakes in the company. NorthCrest Asset Manangement LLC purchased a new stake in shares of Brunswick during the 4th quarter worth about $253,000. Everhart Financial Group Inc. purchased a new position in Brunswick in the fourth quarter valued at about $362,000. GAMMA Investing LLC boosted its position in shares of Brunswick by 21.7% in the fourth quarter. GAMMA Investing LLC now owns 4,525 shares of the company’s stock worth $336,000 after buying an additional 807 shares during the period. Allworth Financial LP grew its stake in shares of Brunswick by 55.0% in the third quarter. Allworth Financial LP now owns 1,077 shares of the company’s stock valued at $68,000 after buying an additional 382 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in shares of Brunswick by 39.9% during the 3rd quarter. Coldstream Capital Management Inc. now owns 9,680 shares of the company’s stock valued at $612,000 after buying an additional 2,760 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

About Brunswick

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.