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

Key Points

• Shares of Brookfield Business were down 6.7%, trading around $32.00 on Tuesday with about 124,672 shares changing hands—below the average daily volume of 151,068.
• Analyst coverage is mixed (upgrades from Zacks and Wall Street Zen, a sell from Weiss), resulting in an average rating of "Reduce".
• Key fundamentals are weak: a negative P/E, high leverage (debt-to-equity 2.84), poor liquidity (current ratio 0.27, quick ratio 0.19), and a small 0.8% dividend with a -96% payout ratio.

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

Analysts Set New Price Targets

BBUC has been the subject of several research reports. Zacks Research upgraded Brookfield Business from a "strong sell" rating to a "hold" rating in a research report on Tuesday, March 31st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brookfield Business in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Brookfield Business from a "sell" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Reduce".

Brookfield Business Trading Down 5.0%

The stock has a market cap of $2.85 billion, a P/E ratio of -125.37 and a beta of 1.32. The company has a 50-day moving average of $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.

Brookfield Business Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 23rd were given a dividend of $0.0625 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.25 dividend on an annualized basis and a yield of 0.8%. Brookfield Business's payout ratio is currently -96.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Brookfield Business by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 297,267 shares of the company's stock valued at $10,661,000 after purchasing an additional 6,816 shares during the period. Millennium Management LLC boosted its position in Brookfield Business by 335.6% during the 4th quarter. Millennium Management LLC now owns 295,351 shares of the company's stock valued at $10,597,000 after purchasing an additional 227,555 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Brookfield Business by 12.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,459 shares of the company's stock valued at $5,712,000 after purchasing an additional 18,181 shares during the period. Cardinal Point Capital Management ULC boosted its position in Brookfield Business by 4.6% during the 4th quarter. Cardinal Point Capital Management ULC now owns 119,133 shares of the company's stock valued at $4,263,000 after purchasing an additional 5,255 shares during the period. Finally, HRT Financial LP boosted its position in Brookfield Business by 384.1% during the 4th quarter. HRT Financial LP now owns 74,225 shares of the company's stock valued at $2,663,000 after purchasing an additional 58,891 shares during the period. Institutional investors and hedge funds 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.

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