Brunswick (NYSE:BC) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Brunswick (NYSE:BC) from a buy rating to a hold rating in a research note published on Sunday.

A number of other analysts have also recently weighed in on the stock. Citigroup reaffirmed a “buy” rating on shares of Brunswick in a research note on Wednesday, August 27th. Roth Capital boosted their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. DA Davidson boosted their target price on shares of Brunswick from $43.00 to $59.00 and gave the stock a “neutral” rating in a research note on Monday, July 28th. Zacks Research downgraded Brunswick from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Robert W. Baird upped their price target on Brunswick from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.75.

Brunswick Stock Performance

Shares of NYSE:BC opened at $65.34 on Friday. The company’s 50 day simple moving average is $61.44 and its 200 day simple moving average is $55.62. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 105.39 and a beta of 1.36. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. Brunswick has a 1 year low of $41.00 and a 1 year high of $87.65.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. As a group, research analysts predict that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 2.6%. Brunswick’s dividend payout ratio is 277.42%.

Hedge Funds Weigh In On Brunswick

A number of institutional investors and hedge funds have recently made changes to their positions in BC. AQR Capital Management LLC boosted its position in shares of Brunswick by 812.7% during the 2nd quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock worth $38,934,000 after purchasing an additional 628,393 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Brunswick by 17.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company’s stock worth $185,218,000 after purchasing an additional 516,970 shares in the last quarter. Norges Bank bought a new position in shares of Brunswick during the 2nd quarter worth about $27,990,000. Turtle Creek Asset Management Inc. boosted its position in shares of Brunswick by 19.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company’s stock worth $191,806,000 after purchasing an additional 488,412 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Brunswick by 20.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company’s stock worth $134,857,000 after purchasing an additional 420,369 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

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.