Forge First Asset Management Inc. Buys Shares of 134,747 BRP Inc. $DOOO

Forge First Asset Management Inc. purchased a new position in BRP Inc. (NASDAQ:DOOO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 134,747 shares of the company’s stock, valued at approximately $8,188,000. BRP comprises about 3.8% of Forge First Asset Management Inc.’s holdings, making the stock its 9th largest holding. Forge First Asset Management Inc. owned about 0.18% of BRP at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Osaic Holdings Inc. raised its holdings in shares of BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after buying an additional 625 shares in the last quarter. Sagard Holdings Management Inc. bought a new stake in shares of BRP in the second quarter worth about $41,000. Raymond James Financial Inc. purchased a new stake in BRP in the 2nd quarter worth approximately $60,000. JPMorgan Chase & Co. grew its position in shares of BRP by 1,057.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock worth $66,000 after buying an additional 994 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of BRP in the 1st quarter worth approximately $70,000.

BRP Stock Down 0.8%

NASDAQ:DOOO opened at $77.88 on Friday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.23 and a quick ratio of 0.49. The firm’s 50-day moving average price is $76.20 and its 200-day moving average price is $68.88. The company has a market capitalization of $5.69 billion, a PE ratio of 210.49 and a beta of 1.26. BRP Inc. has a 1-year low of $31.78 and a 1-year high of $78.07.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.88 by $0.27. BRP had a net margin of 0.45% and a return on equity of 67.30%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.50 billion. The company’s revenue was up 14.0% compared to the same quarter last year. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. On average, equities analysts predict that BRP Inc. will post 3.15 EPS for the current fiscal year.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. BRP’s dividend payout ratio (DPR) is 164.86%.

Analyst Upgrades and Downgrades

DOOO has been the subject of a number of research analyst reports. Weiss Ratings raised BRP from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 8th. TD Securities restated a “buy” rating on shares of BRP in a report on Thursday, December 4th. Loop Capital assumed coverage on shares of BRP in a research note on Thursday, November 13th. They set a “buy” rating on the stock. Wall Street Zen upgraded shares of BRP from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. Finally, National Bank Financial upgraded shares of BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.40.

About BRP

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.