Brunswick (NYSE:BC) Cut to Hold at Texas Capital

Brunswick (NYSE:BC) was downgraded by investment analysts at Texas Capital from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

BC has been the subject of a number of other reports. Morgan Stanley boosted their target price on shares of Brunswick from $51.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. Robert W. Baird lifted their price objective on shares of Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Citigroup reissued a “buy” rating on shares of Brunswick in a research report on Wednesday. Wolfe Research set a $90.00 target price on shares of Brunswick in a research note on Monday. Finally, Jefferies Financial Group set a $115.00 price target on shares of Brunswick and gave the stock a “buy” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $78.00.

Brunswick Stock Performance

Shares of BC stock opened at $87.32 on Monday. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of -23.99 and a beta of 1.36. Brunswick has a 52-week low of $41.00 and a 52-week high of $88.45. 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 company’s 50 day moving average is $71.85 and its 200 day moving average is $65.99.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BC. Massachusetts Financial Services Co. MA raised its holdings in shares of Brunswick by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,494,664 shares of the company’s stock worth $221,003,000 after purchasing an additional 11,777 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Brunswick by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,749,443 shares of the company’s stock valued at $173,879,000 after buying an additional 54,838 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Brunswick by 56.4% during the 3rd quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock valued at $145,637,000 after buying an additional 830,451 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Brunswick by 2.5% in the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,852,050 shares of the company’s stock valued at $117,124,000 after buying an additional 44,431 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Brunswick by 70.1% in the third quarter. Bank of New York Mellon Corp now owns 1,700,164 shares of the company’s stock worth $107,518,000 after buying an additional 700,447 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

About Brunswick

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.