Brunswick Corporation (NYSE:BC) Receives $73.57 Consensus Target Price from Brokerages

Brunswick Corporation (NYSE:BC) has been given an average recommendation of “Hold” by the eighteen ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $73.5714.

A number of equities analysts have recently commented on BC shares. Robert W. Baird raised their price objective on shares of Brunswick from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Roth Capital set a $79.00 price target on shares of Brunswick and gave the company a “buy” rating in a report on Thursday, October 30th. Morgan Stanley boosted their price target on shares of Brunswick from $51.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Benchmark increased their price objective on Brunswick from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, Wall Street Zen lowered Brunswick from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th.

Brunswick Stock Performance

NYSE:BC opened at $75.83 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.73 and a current ratio of 1.78. Brunswick has a 52-week low of $41.00 and a 52-week high of $76.81. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of -20.83 and a beta of 1.36. The business’s fifty day moving average is $69.49 and its 200 day moving average is $64.56.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, October 23rd. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.84 by $0.13. The business had revenue of $1.36 billion during 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 firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.17 EPS. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $1.72 annualized dividend and a dividend yield of 2.3%. Brunswick’s payout ratio is presently -47.25%.

Institutional Investors Weigh In On Brunswick

Several hedge funds have recently bought and sold shares of the stock. Allworth Financial LP increased its holdings in shares of Brunswick by 55.0% in the 3rd quarter. Allworth Financial LP now owns 1,077 shares of the company’s stock worth $68,000 after buying an additional 382 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in Brunswick by 39.9% in the third quarter. Coldstream Capital Management Inc. now owns 9,680 shares of the company’s stock valued at $612,000 after acquiring an additional 2,760 shares during the last quarter. Danske Bank A S purchased a new stake in Brunswick during the third quarter valued at about $38,000. NewEdge Advisors LLC lifted its stake in Brunswick by 15.2% during the third quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock worth $84,000 after purchasing an additional 176 shares during the last quarter. Finally, Utah Retirement Systems purchased a new position in shares of Brunswick in the 3rd quarter worth about $221,000. 99.34% of the stock is currently owned by institutional investors.

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.