Brookfield Business (NYSE:BBUC) Sets New 12-Month Low – Should You Sell?

Brookfield Business Corp (NYSE:BBUC) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $28.14 and last traded at $29.60, with a volume of 19274 shares trading hands. The stock had previously closed at $31.46.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Brookfield Business from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Canadian Imperial Bank of Commerce set a $41.50 target price on Brookfield Business in a research note on Monday, May 11th. National Bank Financial dropped their target price on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Weiss Ratings lowered Brookfield Business from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada decreased their price target on Brookfield Business from $44.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.60.

Brookfield Business Stock Down 4.6%

The stock’s fifty day moving average is $31.78 and its 200 day moving average is $33.21. The company has a current ratio of 1.43, a quick ratio of 1.19 and a debt-to-equity ratio of 2.78. The company has a market capitalization of $6.22 billion, a P/E ratio of -66.28 and a beta of 1.25.

Brookfield Business (NYSE:BBUC) last announced its quarterly earnings results on Friday, July 31st. The company reported $1.21 earnings per share for the quarter. Brookfield Business had a net margin of 1.28% and a return on equity of 2.33%. Research analysts predict that Brookfield Business Corp will post 5.54 EPS for the current fiscal year.

Brookfield Business Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were given a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, May 29th. Brookfield Business’s dividend payout ratio (DPR) is currently -55.56%.

Hedge Funds Weigh In On Brookfield Business

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in shares of Brookfield Business by 335.6% during the 4th quarter. Millennium Management LLC now owns 295,351 shares of the company’s stock worth $10,597,000 after acquiring an additional 227,555 shares during the period. HRT Financial LP grew its holdings in shares of Brookfield Business by 384.1% during the fourth quarter. HRT Financial LP now owns 74,225 shares of the company’s stock valued at $2,663,000 after buying an additional 58,891 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Brookfield Business in the 4th quarter worth $1,655,000. Marshall Wace LLP bought a new stake in Brookfield Business in the 4th quarter worth about $1,402,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Brookfield Business in the third quarter worth approximately $907,000. Hedge funds and other institutional investors own 85.04% of the company’s stock.

About Brookfield Business

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.