Brunswick Corporation (NYSE:BC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

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 earned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $68.25.

A number of equities research analysts have commented on the stock. Zacks Research downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Wall Street Zen raised shares of Brunswick from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup reaffirmed a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Roth Capital upped 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, July 23rd. Finally, DA Davidson upped their price target on shares of Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, July 28th.

Brunswick Stock Performance

Brunswick stock traded down $0.09 during midday trading on Thursday, reaching $63.51. 598,058 shares of the company traded hands, compared to its average volume of 741,530. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 102.43 and a beta of 1.36. The business has a 50 day moving average of $60.47 and a two-hundred day moving average of $55.58. Brunswick has a 12 month low of $41.00 and a 12 month high of $87.65. 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 posted its earnings results on Thursday, July 24th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. 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. As a group, research analysts predict that Brunswick will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The firm 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 of this dividend is Wednesday, August 20th. This represents a $1.72 annualized dividend and a dividend yield of 2.7%. Brunswick's dividend payout ratio is presently 277.42%.

Insider Activity 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 shares were sold at an average price of $58.47, for a total transaction of $122,319.24. Following the completion of the sale, the vice president owned 44,466 shares of the company's stock, valued at $2,599,927.02. This represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Brunswick

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hudson Edge Investment Partners Inc. increased its position in shares of Brunswick by 63.2% during the 1st quarter. Hudson Edge Investment Partners Inc. now owns 12,361 shares of the company's stock valued at $666,000 after purchasing an additional 4,787 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Brunswick by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 770,820 shares of the company's stock worth $41,509,000 after acquiring an additional 4,311 shares in the last quarter. GAMMA Investing LLC increased its holdings in Brunswick by 59.3% in the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock worth $69,000 after acquiring an additional 475 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Brunswick by 7.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,349 shares of the company's stock worth $396,000 after acquiring an additional 484 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Brunswick by 125.2% in the 1st quarter. Allianz Asset Management GmbH now owns 10,047 shares of the company's stock worth $541,000 after acquiring an additional 5,585 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

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.