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

Key Points

• Brunswick has been upgraded to a "buy" rating by Wall Street Zen, shifting from a previous "hold" rating, indicating positive sentiment among analysts.
• Analysts now have an average target price of $66.75 for Brunswick, with several firms, including DA Davidson and Roth Capital, raising their target prices significantly.
• Brunswick reported its latest quarterly earnings, achieving $1.16 EPS, surpassing estimates and showing a year-over-year revenue increase of 0.2%.

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

Other analysts have also recently issued research reports about the company. DA Davidson upped their price objective on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. B. Riley boosted their price target on Brunswick from $60.00 to $70.00 and gave the company a "neutral" rating in a report on Monday, September 8th. Citigroup reissued a "buy" rating on shares of Brunswick in a report on Wednesday, August 27th. Roth Capital boosted their price target on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Finally, Zacks Research lowered Brunswick from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.75.

Brunswick Stock Performance

Brunswick stock traded down $2.14 during mid-day trading on Monday, reaching $63.30. 1,609,283 shares of the stock traded hands, compared to its average volume of 663,842. The stock has a market capitalization of $4.14 billion, a PE ratio of 102.09 and a beta of 1.36. 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 has a 12-month low of $41.00 and a 12-month high of $87.65. The business's 50-day moving average is $62.30 and its 200-day moving average is $55.90.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $1.25 billion. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.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 business earned $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. As a group, sell-side analysts predict that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, August 20th. Brunswick's dividend payout ratio (DPR) is presently 277.42%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Allworth Financial LP boosted its position in Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock valued at $30,000 after acquiring an additional 547 shares in the last quarter. UMB Bank n.a. boosted its position in Brunswick by 695.7% during the first quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after purchasing an additional 640 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Brunswick by 103.5% in the second quarter. Parkside Financial Bank & Trust now owns 702 shares of the company's stock valued at $39,000 after purchasing an additional 357 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company's stock valued at $39,000 after purchasing an additional 601 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in Brunswick by 171.6% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock valued at $41,000 after purchasing an additional 477 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other 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.