Brunswick's (BC) Hold (C-) Rating Reaffirmed at Weiss Ratings

Key Points

• Brunswick's stock has been reaffirmed with a "hold (C-)" rating by Weiss Ratings, while various analysts have issued target price adjustments ranging from $59.00 to $70.00.
• The company recently reported quarterly earnings of $1.16 per share, exceeding analysts' estimates of $0.89, with revenue up 0.2% year-over-year.
• Institutional investors hold 99.34% of Brunswick's stock, with several firms increasing their holdings significantly in recent quarters.

Brunswick (NYSE:BC - Get Free Report)'s stock had its "hold (c-)" rating restated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

BC has been the subject of a number of other reports. DA Davidson boosted 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. Wall Street Zen raised Brunswick from a "hold" rating to a "buy" rating in a research report on Monday, September 15th. B. Riley boosted their target price on Brunswick from $60.00 to $70.00 and gave the company a "neutral" rating in a research report on Monday, September 8th. Zacks Research downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 21st. Finally, Roth Capital lifted their price target on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $67.00.

Brunswick Trading Up 1.0%

Shares of BC stock traded up $0.63 during mid-day trading on Wednesday, hitting $63.63. The company's stock had a trading volume of 562,523 shares, compared to its average volume of 915,978. The company's fifty day simple moving average is $63.10 and its 200-day simple moving average is $56.41. Brunswick has a 52 week low of $41.00 and a 52 week high of $87.65. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.68. The company has a market cap of $4.16 billion, a PE ratio of 102.63 and a beta of 1.36.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $1.25 billion. During the same period last year, the company posted $1.80 EPS. The business's quarterly 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, equities research analysts expect that Brunswick will post 4.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brunswick

Institutional investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in Brunswick by 1.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,482,887 shares of the company's stock valued at $192,395,000 after acquiring an additional 43,361 shares during the period. Dimensional Fund Advisors LP raised its holdings in Brunswick by 20.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company's stock valued at $134,857,000 after acquiring an additional 420,369 shares during the period. American Century Companies Inc. raised its holdings in Brunswick by 22.7% during the 2nd quarter. American Century Companies Inc. now owns 1,472,467 shares of the company's stock valued at $81,339,000 after acquiring an additional 272,815 shares during the period. Alliancebernstein L.P. raised its holdings in Brunswick by 23.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,420,922 shares of the company's stock valued at $78,492,000 after acquiring an additional 267,479 shares during the period. Finally, Channing Capital Management LLC raised its holdings in Brunswick by 5.1% during the 2nd quarter. Channing Capital Management LLC now owns 1,196,494 shares of the company's stock valued at $66,094,000 after acquiring an additional 57,757 shares during the period. 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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