Brunswick (NYSE:BC) Upgraded to “Strong-Buy” at Seaport Res Ptn

Seaport Res Ptn upgraded shares of Brunswick (NYSE:BC) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other equities analysts have also weighed in on the stock. Roth Capital set a $79.00 price objective on shares of Brunswick and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Research lowered shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. B. Riley increased their price target on shares of Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Finally, BMO Capital Markets lifted their price objective on Brunswick from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.54.

Brunswick Stock Performance

Shares of BC stock opened at $71.33 on Monday. The stock’s 50-day moving average price is $65.37 and its 200 day moving average price is $61.76. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $4.64 billion, a PE ratio of -19.60 and a beta of 1.37. Brunswick has a 52-week low of $41.00 and a 52-week high of $78.78.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.13. The company had revenue of $1.36 billion for 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 company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. As a group, equities research analysts forecast that Brunswick will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

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

Institutional Investors Weigh In On Brunswick

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in Brunswick by 50.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after purchasing an additional 166 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Brunswick by 15.2% in the third quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock valued at $84,000 after purchasing an additional 176 shares during the last quarter. Inspire Investing LLC increased its position in shares of Brunswick by 2.2% in the third quarter. Inspire Investing LLC now owns 8,869 shares of the company’s stock valued at $561,000 after buying an additional 188 shares in the last quarter. Personal CFO Solutions LLC raised its stake in shares of Brunswick by 5.1% during the 3rd quarter. Personal CFO Solutions LLC now owns 3,991 shares of the company’s stock worth $252,000 after buying an additional 193 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Brunswick by 3.1% during the 2nd quarter. Verdence Capital Advisors LLC now owns 6,524 shares of the company’s stock worth $360,000 after buying an additional 195 shares during the last quarter. Hedge funds and other institutional investors 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.