Brunswick (NYSE:BC – Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $80.00 to $66.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
BC has been the subject of a number of other reports. DA Davidson reissued a “neutral” rating and issued a $76.00 target price on shares of Brunswick in a research report on Monday, August 17th. Robert W. Baird set a $92.00 price target on Brunswick in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brunswick in a research report on Monday, September 21st. Truist Financial reduced their price objective on Brunswick from $94.00 to $81.00 and set a “buy” rating for the company in a research note on Friday. Finally, William Blair set a $94.00 price objective on Brunswick in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Brunswick currently has a consensus rating of “Moderate Buy” and an average target price of $85.40.
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Brunswick Price Performance
Shares of NYSE:BC opened at $65.87 on Friday. The company’s fifty day moving average price is $69.87 and its 200 day moving average price is $76.73. Brunswick has a 12 month low of $59.06 and a 12 month high of $90.25. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65. The firm has a market capitalization of $4.27 billion, a P/E ratio of -50.28 and a beta of 1.38.
Brunswick (NYSE:BC – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the company earned $0.90 earnings per share. Brunswick’s quarterly revenue was up 7.7% compared to the same quarter last year. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. As a group, sell-side analysts predict that Brunswick will post 4.55 earnings per share for the current fiscal year.
Brunswick Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, November 24th will be paid a $0.44 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $1.76 dividend on an annualized basis and a yield of 2.7%. Brunswick’s payout ratio is currently -134.35%.
Institutional Investors Weigh In On Brunswick
Several hedge funds have recently made changes to their positions in the business. Citizens Financial Group Inc. RI purchased a new position in shares of Brunswick during the third quarter worth about $311,000. Tectonic Advisors LLC raised its stake in Brunswick by 21.8% during the 3rd quarter. Tectonic Advisors LLC now owns 75,212 shares of the company’s stock valued at $4,832,000 after acquiring an additional 13,476 shares during the last quarter. Inspire Investing LLC raised its stake in Brunswick by 19.2% during the 3rd quarter. Inspire Investing LLC now owns 11,570 shares of the company’s stock valued at $743,000 after acquiring an additional 1,865 shares during the last quarter. MBL Wealth LLC acquired a new stake in Brunswick during the 3rd quarter worth approximately $399,000. Finally, Root Financial Partners LLC acquired a new stake in Brunswick during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 99.34% of the company’s stock.
About Brunswick
Brunswick Corporation (NYSE:BC) is a marine recreation company that designs, manufactures and distributes products used in boating and related recreational activities. Its portfolio includes marine propulsion systems, boats, engines, electronics, boat control systems and other components, as well as parts and accessories.
The company’s marine businesses include Mercury Marine, which produces outboard, sterndrive and inboard engines, and a range of boat brands such as Boston Whaler, Sea Ray, Bayliner, Lund, Harris and Princecraft.
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