Brunswick Corporation (NYSE:BC) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Brunswick Corporation has received a consensus rating of "Moderate Buy" from 14 research firms, with an average target price of $68.25.
• Recent institutional activity shows significant increases in holdings, including Hsbc Holdings PLC, which raised its position by 248.4% in the fourth quarter.
• Brunswick declared a quarterly dividend of $0.43 per share, representing a 2.6% dividend yield, with a payout ratio of 277.42%.

Brunswick Corporation (NYSE:BC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $68.25.

A number of analysts recently commented on BC shares. DA Davidson boosted their target price on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Robert W. Baird upped their price objective on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Roth Capital upped their price objective on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Citigroup reaffirmed a "buy" rating on shares of Brunswick in a research report on Wednesday. Finally, Zacks Research lowered shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st.

Insider Buying and Selling at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following the sale, the vice president directly owned 44,466 shares in the company, valued at $2,599,927.02. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Brunswick

A number of large investors have recently modified their holdings of BC. Tower Research Capital LLC TRC boosted its position in shares of Brunswick by 121.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,295 shares of the company's stock valued at $213,000 after acquiring an additional 1,809 shares during the last quarter. Hsbc Holdings PLC lifted its position in Brunswick by 248.4% in the fourth quarter. Hsbc Holdings PLC now owns 10,735 shares of the company's stock valued at $695,000 after purchasing an additional 7,654 shares during the last quarter. Quarry LP bought a new stake in shares of Brunswick in the 4th quarter worth approximately $45,000. Northern Trust Corp grew its position in shares of Brunswick by 8.3% in the 4th quarter. Northern Trust Corp now owns 648,010 shares of the company's stock worth $41,913,000 after buying an additional 49,624 shares during the last quarter. Finally, Divisar Capital Management LLC raised its position in shares of Brunswick by 3.0% in the 4th quarter. Divisar Capital Management LLC now owns 272,793 shares of the company's stock worth $17,644,000 after acquiring an additional 7,900 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Brunswick Trading Up 1.3%

NYSE BC opened at $65.22 on Thursday. The business has a 50 day simple moving average of $59.85 and a 200 day simple moving average of $55.69. Brunswick has a one year low of $41.00 and a one year high of $87.65. The stock has a market capitalization of $4.26 billion, a P/E ratio of 105.19 and a beta of 1.28. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70.

Brunswick (NYSE:BC - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the firm posted $1.80 earnings per share. The firm's revenue was up .2% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Research analysts expect that Brunswick will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 annualized dividend and a dividend yield of 2.6%. Brunswick's dividend payout ratio is currently 277.42%.

About Brunswick

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.

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