Brunswick (NYSE:BC) Price Target Raised to $70.00

Brunswick (NYSE:BC) had its price target increased by Robert W. Baird from $60.00 to $70.00 in a report published on Friday morning, MarketBeat.com reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other equities research analysts have also commented on BC. Zacks Research lowered Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Citigroup reissued a “buy” rating on shares of Brunswick in a research report on Wednesday, August 27th. Truist Financial raised their target price on Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. raised their target price on Brunswick from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Brunswick in a research report on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.15.

Brunswick Price Performance

NYSE:BC opened at $71.87 on Friday. Brunswick has a 1-year low of $41.00 and a 1-year high of $87.65. The company has a current ratio of 1.78, a quick ratio of 0.73 and a debt-to-equity ratio of 1.28. The firm has a fifty day simple moving average of $64.27 and a 200 day simple moving average of $57.62. The stock has a market capitalization of $4.70 billion, a PE ratio of -19.74 and a beta of 1.36.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.13. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. Brunswick’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.17 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, research analysts expect that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, November 26th. Brunswick’s dividend payout ratio (DPR) is presently -47.25%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Swmg LLC acquired a new stake in Brunswick during the 3rd quarter worth about $190,000. State of Alaska Department of Revenue lifted its position in Brunswick by 41.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,468 shares of the company’s stock worth $661,000 after acquiring an additional 3,087 shares during the period. Benjamin Edwards Inc. lifted its position in Brunswick by 84.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 9,419 shares of the company’s stock worth $596,000 after acquiring an additional 4,304 shares during the period. SG Americas Securities LLC lifted its position in Brunswick by 1,694.1% during the 3rd quarter. SG Americas Securities LLC now owns 46,574 shares of the company’s stock worth $2,945,000 after acquiring an additional 43,978 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in Brunswick during the 3rd quarter worth about $221,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Company Profile

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.