Brunswick (NYSE:BC) Reaches New 52-Week High – Here’s Why

Brunswick Corporation (NYSE:BC) reached a new 52-week high during trading on Wednesday . The company traded as high as $89.00 and last traded at $88.7350, with a volume of 59058 shares traded. The stock had previously closed at $87.48.

Wall Street Analyst Weigh In

BC has been the topic of several recent analyst reports. Morgan Stanley boosted their price target on Brunswick from $51.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research note on Monday, December 29th. Benchmark upped their target price on shares of Brunswick from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Citigroup restated a “buy” rating on shares of Brunswick in a research note on Wednesday. Finally, Robert W. Baird upped their price objective on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $78.00.

Brunswick Price Performance

The company has a market capitalization of $5.69 billion, a P/E ratio of -23.99 and a beta of 1.36. The stock’s fifty day simple moving average is $71.85 and its 200-day simple moving average is $65.99. 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 (NYSE:BC) last issued 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 business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business earned $1.17 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, equities analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 26th were given a dividend of $0.43 per share. The ex-dividend date was Wednesday, November 26th. This represents a $1.72 dividend on an annualized basis and a yield of 2.0%. Brunswick’s dividend payout ratio is presently -47.25%.

Institutional Investors Weigh In On Brunswick

A number of hedge funds and other institutional investors have recently made changes to their positions in BC. First Horizon Corp bought a new stake in shares of Brunswick in the 3rd quarter valued at about $26,000. Jones Financial Companies Lllp boosted its stake in shares of Brunswick by 50.6% in the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after buying an additional 166 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Brunswick in the third quarter valued at about $37,000. Quent Capital LLC bought a new stake in shares of Brunswick during the 3rd quarter worth approximately $38,000. Finally, Larson Financial Group LLC increased its stake in shares of Brunswick by 705.4% in the 3rd quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock valued at $38,000 after purchasing an additional 522 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Company Profile

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.