Brunswick Corporation (NYSE:BC) Receives $73.54 Average PT from Analysts

Shares of Brunswick Corporation (NYSE:BC) have been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $73.5385.

A number of research firms recently weighed in on BC. JPMorgan Chase & Co. raised their price target on shares of Brunswick from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Jefferies Financial Group restated a “hold” rating and issued a $65.00 target price on shares of Brunswick in a research note on Thursday, October 23rd. DA Davidson increased their price target on Brunswick from $43.00 to $59.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Finally, BMO Capital Markets lifted their price target on Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 24th.

Brunswick Stock Down 2.2%

Shares of NYSE:BC opened at $63.91 on Tuesday. The business’s 50 day moving average is $64.92 and its 200 day moving average is $59.62. Brunswick has a 12-month low of $41.00 and a 12-month high of $87.65. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of -17.56 and a beta of 1.40. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28.

Brunswick (NYSE:BC) last issued its quarterly earnings data 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. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, sell-side analysts forecast that Brunswick will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, November 26th. Brunswick’s payout ratio is presently -47.25%.

Institutional Trading of Brunswick

A number of large investors have recently added to or reduced their stakes in BC. Teacher Retirement System of Texas bought a new position in shares of Brunswick during the 1st quarter valued at approximately $520,000. Bank of New York Mellon Corp lifted its position in shares of Brunswick by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 770,820 shares of the company’s stock valued at $41,509,000 after buying an additional 4,311 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Brunswick by 5.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 207,988 shares of the company’s stock worth $11,200,000 after acquiring an additional 10,173 shares during the period. Allworth Financial LP increased its holdings in Brunswick by 4,972.7% in the 1st quarter. Allworth Financial LP now owns 558 shares of the company’s stock worth $30,000 after acquiring an additional 547 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Brunswick by 2.7% in the 1st quarter. New York State Common Retirement Fund now owns 300,571 shares of the company’s stock valued at $16,186,000 after acquiring an additional 8,019 shares during the period. Hedge funds and other 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.