Brunswick (NYSE:BC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brunswick (NYSE:BC) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other equities research analysts have also recently commented on BC. BMO Capital Markets lifted their price target on shares of Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Zacks Research cut Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Jefferies Financial Group reissued a “hold” rating and set a $65.00 price objective on shares of Brunswick in a research note on Thursday, October 23rd. Robert W. Baird boosted their target price on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, B. Riley boosted their price objective on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Brunswick has a consensus rating of “Hold” and an average price target of $73.54.

Brunswick Price Performance

Shares of NYSE:BC opened at $67.12 on Friday. The firm’s fifty day moving average is $64.67 and its 200-day moving average is $61.13. Brunswick has a 52 week low of $41.00 and a 52 week high of $81.13. The firm has a market cap of $4.37 billion, a PE ratio of -18.44 and a beta of 1.40. 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 (NYSE:BC) last issued its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Sell-side analysts predict that Brunswick will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 26th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $1.72 annualized dividend and a yield of 2.6%. Brunswick’s payout ratio is presently -47.25%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH grew its stake in Brunswick by 125.2% in the first quarter. Allianz Asset Management GmbH now owns 10,047 shares of the company’s stock valued at $541,000 after purchasing an additional 5,585 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Brunswick by 26.5% in the second quarter. Harbor Capital Advisors Inc. now owns 26,344 shares of the company’s stock worth $1,455,000 after buying an additional 5,526 shares during the last quarter. XTX Topco Ltd acquired a new position in Brunswick in the first quarter worth approximately $308,000. Global Alpha Capital Management Ltd. grew its position in Brunswick by 26.6% in the second quarter. Global Alpha Capital Management Ltd. now owns 272,028 shares of the company’s stock worth $15,027,000 after acquiring an additional 57,100 shares in the last quarter. Finally, CCM Investment Group LLC acquired a new position in shares of Brunswick during the 1st quarter worth $474,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

About Brunswick

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.