Wall Street Zen Upgrades Brunswick (NYSE:BC) to "Buy"

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.

Wall Street Zen upgraded shares of Brunswick (NYSE:BC - Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other analysts have also recently commented on the company. Citigroup reissued a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Roth Capital lifted their price objective on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Robert W. Baird boosted their target price on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Finally, DA Davidson lifted their price target on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $68.25.

Brunswick Stock Up 2.9%

BC traded up $1.84 during trading on Friday, reaching $65.42. The stock had a trading volume of 517,735 shares, compared to its average volume of 732,262. 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 company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 105.52 and a beta of 1.36. The stock's 50 day moving average is $60.84 and its two-hundred day moving average is $55.64. Brunswick has a one year low of $41.00 and a one year high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last announced 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 firm 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%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.80 EPS. 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, 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 paid a $0.43 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.6%. Brunswick's payout ratio is currently 277.42%.

Insider Buying and Selling at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total transaction of $122,319.24. Following the transaction, the vice president 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Brunswick

Large investors have recently made changes to their positions in the company. Hudson Edge Investment Partners Inc. lifted its stake in shares of Brunswick by 63.2% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 12,361 shares of the company's stock worth $666,000 after purchasing an additional 4,787 shares during the period. Bank of New York Mellon Corp increased its holdings in Brunswick by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 770,820 shares of the company's stock valued at $41,509,000 after buying an additional 4,311 shares during the last quarter. GAMMA Investing LLC raised its position in Brunswick by 59.3% in the first quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock worth $69,000 after acquiring an additional 475 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Brunswick by 7.1% during 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 during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Brunswick by 125.2% during 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 during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Brunswick Company Profile

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.