Brunswick Corporation (NYSE:BC – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $88.00.
A number of research analysts have recently commented on BC shares. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a research report on Monday, September 21st. Truist Financial increased their price objective on Brunswick from $93.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Robert W. Baird set a $92.00 price objective on Brunswick in a research note on Friday, July 31st. DA Davidson restated a “neutral” rating and issued a $76.00 target price on shares of Brunswick in a research note on Monday, August 17th. Finally, William Blair set a $94.00 price target on Brunswick in a research report on Thursday, August 13th.
Get Our Latest Stock Report on BC
Brunswick Trading Up 0.2%
Brunswick (NYSE:BC – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.19 by $0.37. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the company earned $0.90 earnings per share. Brunswick’s revenue for the quarter was up 7.7% on a year-over-year basis. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. On average, equities analysts expect that Brunswick will post 4.55 earnings per share for the current fiscal year.
Brunswick Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Thursday, August 20th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 20th. Brunswick’s dividend payout ratio (DPR) is currently -134.35%.
Hedge Funds Weigh In On Brunswick
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Brunswick during the second quarter worth approximately $568,461,000. Bank of New York Mellon Corp purchased a new stake in shares of Brunswick in the 2nd quarter valued at $101,201,000. Bank of America Corp DE boosted its stake in shares of Brunswick by 296.1% in the 1st quarter. Bank of America Corp DE now owns 872,368 shares of the company’s stock valued at $63,474,000 after purchasing an additional 652,136 shares in the last quarter. Norges Bank bought a new position in shares of Brunswick during the 4th quarter valued at $46,665,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Brunswick during the 2nd quarter valued at $40,211,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.
Brunswick Company Profile
Brunswick Corporation (NYSE:BC) is a global marine recreation company that develops, manufactures and distributes products used in boating. Its offerings include marine propulsion systems, boats, boat parts and accessories, electronics, and related technologies and services.
The company’s marine propulsion portfolio is marketed primarily under the Mercury Marine brand and includes outboard and sterndrive engines, controls, instruments and other propulsion-related products. Brunswick also produces and sells boats under brands that have included Boston Whaler, Bayliner, Sea Ray, Lund, Harris and Crestliner, along with marine electronics and navigation products through its Navico Group businesses.
Founded in 1845 by John Moses Brunswick, the company has evolved from its early manufacturing operations into a specialized marine products business.
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