Brunswick (NYSE:BC) Price Target Raised to $75.00

Brunswick (NYSE:BC) had its target price upped by BMO Capital Markets from $65.00 to $75.00 in a report issued on Friday morning, MarketBeat Ratings reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other equities analysts also recently issued reports on BC. Roth Capital raised their price target on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Citigroup restated a “buy” rating on shares of Brunswick in a research note on Wednesday, August 27th. Wall Street Zen raised Brunswick from a “hold” rating to a “buy” rating in a report on Monday, September 15th. Truist Financial raised their target price on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Zacks Research cut Brunswick from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. Seven analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Brunswick has a consensus rating of “Hold” and a consensus price target of $72.15.

Brunswick Stock Performance

BC stock opened at $71.87 on Friday. The company has a market cap of $4.70 billion, a P/E ratio of -19.74 and a beta of 1.36. Brunswick has a 1 year low of $41.00 and a 1 year high of $87.65. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.78 and a quick ratio of 0.73. The stock’s fifty day moving average price is $64.27 and its 200-day moving average price is $57.62.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, equities analysts forecast that Brunswick will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.72 dividend on an annualized basis and a yield of 2.4%. Brunswick’s dividend payout ratio (DPR) is currently -47.25%.

Institutional Investors Weigh In On Brunswick

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP raised its holdings in Brunswick by 4,972.7% during the first quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $30,000 after acquiring an additional 547 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Brunswick by 103.5% during the second quarter. Parkside Financial Bank & Trust now owns 702 shares of the company’s stock valued at $39,000 after purchasing an additional 357 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Brunswick by 477.0% during the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after purchasing an additional 601 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Brunswick by 171.6% during the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock valued at $41,000 after purchasing an additional 477 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of Brunswick by 451.0% during the first quarter. Signaturefd LLC now owns 810 shares of the company’s stock valued at $44,000 after purchasing an additional 663 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Brunswick Company Profile

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.