Brunswick (NYSE:BC) Sets New 12-Month High – Time to Buy?

Brunswick Corporation (NYSE:BC)’s share price reached a new 52-week high on Wednesday . The company traded as high as $89.00 and last traded at $88.7350, with a volume of 59058 shares. The stock had previously closed at $87.48.

Analysts Set New Price Targets

BC has been the subject of a number of recent analyst reports. Wolfe Research set a $90.00 price target on Brunswick in a research report on Monday. Loop Capital initiated coverage on Brunswick in a research note on Monday, December 22nd. They issued a “hold” rating and a $74.00 price target for the company. JPMorgan Chase & Co. boosted their price objective on shares of Brunswick from $63.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, September 23rd. Roth Capital set a $79.00 target price on shares of Brunswick and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, BMO Capital Markets boosted their price target on shares of Brunswick from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $78.71.

Brunswick Trading Up 0.8%

The stock’s fifty day simple moving average is $72.76 and its two-hundred day simple moving average is $66.30. The firm has a market cap of $5.77 billion, a PE ratio of -24.38 and a beta of 1.36. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28.

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

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, November 26th. This represents a $1.72 annualized dividend and a dividend yield of 1.9%. Brunswick’s dividend payout ratio (DPR) is presently -47.25%.

Institutional Trading of Brunswick

Several institutional investors have recently bought and sold shares of BC. First Horizon Corp bought a new position in shares of Brunswick in the third quarter worth approximately $26,000. Jones Financial Companies Lllp lifted its position 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 acquiring an additional 166 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Brunswick during the 3rd quarter valued at $37,000. Quent Capital LLC bought a new stake in shares of Brunswick in the 3rd quarter worth $38,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Brunswick by 705.4% during the third quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock valued at $38,000 after purchasing an additional 522 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.