Brookfield Business (NYSE:BBUC) Hits New 1-Year Low – Here’s What Happened

Brookfield Business Corp (NYSE:BBUC)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $28.11 and last traded at $28.22, with a volume of 152858 shares trading hands. The stock had previously closed at $28.92.

Analysts Set New Price Targets

A number of brokerages have weighed in on BBUC. Weiss Ratings reiterated a “sell (d)” rating on shares of Brookfield Business in a research report on Wednesday, August 5th. National Bank Financial cut their price objective on Brookfield Business from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada lowered their price target on Brookfield Business from $44.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Scotiabank set a $40.50 price objective on shares of Brookfield Business in a research note on Friday, July 24th. Finally, TD Cowen decreased their price target on Brookfield Business from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.20.

Brookfield Business Stock Performance

The company has a current ratio of 1.44, a quick ratio of 1.22 and a debt-to-equity ratio of 2.92. The company has a market capitalization of $5.94 billion, a PE ratio of -73.54 and a beta of 1.26. The business’s fifty day moving average is $30.66 and its two-hundred day moving average is $32.52.

Brookfield Business (NYSE:BBUC) last announced its earnings results on Friday, July 31st. The company reported $0.18 earnings per share for the quarter. The business had revenue of $6.50 billion during the quarter. Brookfield Business had a net margin of 1.13% and a return on equity of 2.05%. Equities research analysts predict that Brookfield Business Corp will post 5.31 earnings per share for the current year.

Brookfield Business Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Monday, August 31st will be given a dividend of $0.0625 per share. The ex-dividend date is Monday, August 31st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.9%. Brookfield Business’s dividend payout ratio is currently -64.10%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC bought a new stake in Brookfield Business during the fourth quarter worth approximately $1,655,000. Handelsbanken Fonder AB bought a new stake in shares of Brookfield Business in the 4th quarter valued at approximately $323,000. Cardinal Point Capital Management ULC lifted its stake in shares of Brookfield Business by 4.6% in the 4th quarter. Cardinal Point Capital Management ULC now owns 119,133 shares of the company’s stock valued at $4,263,000 after purchasing an additional 5,255 shares during the last quarter. Strs Ohio purchased a new position in Brookfield Business during the fourth quarter worth $431,000. Finally, Mariner LLC boosted its stake in Brookfield Business by 14.3% during the fourth quarter. Mariner LLC now owns 12,099 shares of the company’s stock worth $434,000 after buying an additional 1,515 shares during the period. 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.