Brunswick (NYSE:BC) Rating Increased to Buy at Wall Street Zen

Key Points

• Brunswick's stock rating has been upgraded from "hold" to "buy" by Wall Street Zen, indicating positive sentiment among analysts.
• The stock's price target was raised by Roth Capital from $60.00 to $68.00, while Zacks Research and other analysts have varying ratings ranging from "strong-buy" to "hold."
• For the latest earnings report, Brunswick beat consensus estimates with revenue of $1.45 billion and earnings per share of $1.16, signaling robust performance in the second quarter.

Brunswick (NYSE:BC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

BC has been the subject of a number of other research reports. Roth Capital increased 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. Zacks Research lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Citigroup reiterated a "buy" rating on shares of Brunswick in a report on Wednesday. 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. Finally, DA Davidson lifted 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. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and a consensus target price of $68.25.

Brunswick Stock Performance

NYSE BC opened at $63.56 on Friday. The stock has a fifty day simple moving average of $60.18 and a 200-day simple moving average of $55.66. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. The stock has a market cap of $4.15 billion, a PE ratio of 102.52 and a beta of 1.28. Brunswick has a twelve month low of $41.00 and a twelve month high of $87.65.

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

Insider Activity at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of the firm'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 owned 44,466 shares of the company's stock, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Brunswick

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Wyoming boosted its stake in Brunswick by 250.9% in the second quarter. State of Wyoming now owns 8,026 shares of the company's stock valued at $443,000 after acquiring an additional 5,739 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Brunswick by 31.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 959 shares of the company's stock valued at $53,000 after purchasing an additional 232 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Brunswick by 20.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,837 shares of the company's stock valued at $157,000 after purchasing an additional 484 shares during the period. Corient Private Wealth LLC purchased a new position in Brunswick during the 2nd quarter worth approximately $449,000. Finally, Captrust Financial Advisors increased its position in Brunswick by 127.6% during the second quarter. Captrust Financial Advisors now owns 16,000 shares of the company's stock worth $884,000 after buying an additional 8,971 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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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