Brookfield Business (NYSE:BBUC) Stock Price Down 6.7% – What’s Next?

Brookfield Business Corp (NYSE:BBUC) shares dropped 6.7% on Tuesday . The company traded as low as $32.07 and last traded at $32.00. Approximately 124,672 shares were traded during trading, a decline of 17% from the average daily volume of 151,068 shares. The stock had previously closed at $34.28.

Wall Street Analysts Forecast Growth

BBUC has been the topic of a number of recent analyst reports. Wall Street Zen raised Brookfield Business from a “sell” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Business in a report on Monday, December 29th. Finally, Zacks Research raised Brookfield Business from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Brookfield Business Stock Performance

The business’s 50 day simple moving average is $33.91. The company has a current ratio of 0.27, a quick ratio of 0.19 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $2.85 billion, a PE ratio of -125.37 and a beta of 1.32.

Brookfield Business Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.25 annualized dividend and a yield of 0.8%. Brookfield Business’s payout ratio is presently -96.15%.

Institutional Trading of Brookfield Business

Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Brookfield Business by 29.4% in the 4th quarter. Signaturefd LLC now owns 3,018 shares of the company’s stock worth $108,000 after buying an additional 685 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Brookfield Business in the 4th quarter worth $178,000. Jump Financial LLC bought a new stake in shares of Brookfield Business in the 4th quarter worth $240,000. Franklin Resources Inc. raised its stake in shares of Brookfield Business by 7.1% in the 4th quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock worth $262,000 after buying an additional 482 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Brookfield Business in the 4th quarter worth $280,000. Institutional investors own 85.04% of the company’s stock.

About Brookfield Business

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.