Brunswick (NYSE:BC) Lowered to Hold Rating by Wall Street Zen

Key Points

• Brunswick has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, reflecting a shift in investor sentiment.
• Despite the downgrade, Roth Capital has raised its target price for Brunswick from $60.00 to $68.00, maintaining a "buy" rating, indicating continued optimism from some analysts.
• Brunswick's stock performance shows a 1-year low of $41.00 and a high of $87.65, with the company reporting a revenue of $1.45 billion in its last quarterly earnings, surpassing estimates.

Brunswick (NYSE:BC - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday.

BC has been the subject of a number of other research reports. Roth Capital raised their target price on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. DA Davidson raised their target price on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Citigroup reissued a "buy" rating on shares of Brunswick in a report on Wednesday, August 27th. Finally, Robert W. Baird raised their target price on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $68.25.

Brunswick Price Performance

Shares of NYSE BC opened at $66.51 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. The stock has a fifty day moving average price of $61.06 and a 200 day moving average price of $55.58. Brunswick has a 1-year low of $41.00 and a 1-year high of $87.65. The company has a market cap of $4.35 billion, a PE ratio of 107.27 and a beta of 1.36.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the company earned $1.80 earnings per share. The company's revenue for the quarter 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. Sell-side analysts forecast that Brunswick will post 4.19 EPS for the current year.

Insider Buying and Selling at Brunswick

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

Institutional Trading of Brunswick

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BC. AQR Capital Management LLC increased its position in Brunswick by 812.7% during the 2nd quarter. AQR Capital Management LLC now owns 705,719 shares of the company's stock worth $38,934,000 after purchasing an additional 628,393 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Brunswick by 17.7% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock worth $185,218,000 after purchasing an additional 516,970 shares in the last quarter. Norges Bank purchased a new stake in Brunswick during the 2nd quarter worth about $27,990,000. Turtle Creek Asset Management Inc. increased its position in Brunswick by 19.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after purchasing an additional 488,412 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Brunswick by 20.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock worth $134,857,000 after purchasing an additional 420,369 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.

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