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

Brunswick (NYSE:BC) had its price objective raised by Benchmark from $70.00 to $75.00 in a report issued on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

BC has been the subject of a number of other reports. BMO Capital Markets upped their price objective on Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 23rd. DA Davidson upped their target price on shares of Brunswick from $43.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Citigroup restated a “buy” rating on shares of Brunswick in a research report on Wednesday, August 27th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Brunswick in a report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $72.15.

Brunswick Stock Up 1.7%

BC stock opened at $71.87 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.78 and a quick ratio of 0.73. Brunswick has a 1-year low of $41.00 and a 1-year high of $87.65. The firm has a fifty day moving average price of $64.27 and a two-hundred day moving average price of $57.62. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of -19.74 and a beta of 1.36.

Brunswick (NYSE:BC) last released its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, beating 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 firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The firm’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. Research analysts predict that Brunswick will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Swmg LLC bought a new position in Brunswick during the third quarter valued at about $190,000. State of Alaska Department of Revenue boosted its position in shares of Brunswick by 41.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,468 shares of the company’s stock valued at $661,000 after purchasing an additional 3,087 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Brunswick by 84.1% during the third quarter. Benjamin Edwards Inc. now owns 9,419 shares of the company’s stock worth $596,000 after buying an additional 4,304 shares in the last quarter. SG Americas Securities LLC grew its position in Brunswick by 1,694.1% in the third quarter. SG Americas Securities LLC now owns 46,574 shares of the company’s stock worth $2,945,000 after buying an additional 43,978 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Brunswick in the third quarter valued at $221,000. Institutional investors own 99.34% of the company’s stock.

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.