Brunswick (NYSE:BC) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Brunswick (NYSE:BC) from a buy rating to a hold rating in a report released on Sunday morning.

BC has been the subject of a number of other reports. Citigroup increased their target price on Brunswick from $74.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Zacks Research lowered shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 21st. Jefferies Financial Group reiterated a “hold” rating and issued a $65.00 price target on shares of Brunswick in a report on Thursday, October 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a research report on Monday, December 1st. Finally, Truist Financial lifted their price target on shares of Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.54.

Brunswick Stock Up 0.3%

Brunswick stock opened at $71.51 on Friday. The stock has a 50-day simple moving average of $65.54 and a 200-day simple moving average of $61.91. The company has a market capitalization of $4.65 billion, a P/E ratio of -19.64 and a beta of 1.37. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.73 and a current ratio of 1.78. Brunswick has a fifty-two week low of $41.00 and a fifty-two week high of $78.13.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.97 earnings per share (EPS) for the quarter, topping 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 negative net margin of 4.60% and a positive return on equity of 10.55%. Brunswick’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Equities research analysts expect that Brunswick will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 26th will be issued a $0.43 dividend. The ex-dividend date 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 presently -47.25%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BC. Jones Financial Companies Lllp raised its stake in shares of Brunswick by 50.6% during the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after purchasing an additional 166 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Brunswick by 15.2% in the third quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock worth $84,000 after acquiring an additional 176 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Brunswick by 2.2% in the third quarter. Inspire Investing LLC now owns 8,869 shares of the company’s stock worth $561,000 after acquiring an additional 188 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in Brunswick by 5.1% in the third quarter. Personal CFO Solutions LLC now owns 3,991 shares of the company’s stock valued at $252,000 after purchasing an additional 193 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in Brunswick by 3.1% during the 2nd quarter. Verdence Capital Advisors LLC now owns 6,524 shares of the company’s stock valued at $360,000 after purchasing an additional 195 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Company Profile

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.