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

Key Points

• Brunswick's stock has been restated with a "hold (C-)" rating by Weiss Ratings, while the average consensus target price is set at $72.15.
• Shares of Brunswick recently traded at $71.87, with significant trading volume surpassing its average, and the company reported a 6.8% year-over-year revenue growth in its latest earnings report.
• Institutional investment in Brunswick has increased dramatically, with significant stakes raised by various funds, highlighting a strong interest from institutional investors.

Brunswick (NYSE:BC - Get Free Report)'s stock had its "hold (c-)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Several other brokerages have also issued reports on BC. B. Riley upped their target price on shares of Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a research report on Monday, September 8th. Truist Financial upped their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, October 15th. Robert W. Baird upped their target price on shares of Brunswick from $60.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday. Citigroup reiterated a "buy" rating on shares of Brunswick in a research report on Wednesday, August 27th. Finally, Roth Capital upped their target price 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. Seven research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, Brunswick presently has an average rating of "Hold" and a consensus target price of $72.15.

Brunswick Price Performance

Shares of BC traded up $1.24 during mid-day trading on Friday, reaching $71.87. 1,448,155 shares of the stock traded hands, compared to its average volume of 919,083. The firm has a fifty day moving average price of $64.10 and a 200 day moving average price of $57.24. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 115.91 and a beta of 1.36. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. Brunswick has a 1 year low of $41.00 and a 1 year high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.13. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business earned $1.17 EPS. The business's revenue for the quarter was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. As a group, equities research analysts predict that Brunswick will post 4.19 earnings per share for the current year.

Hedge Funds Weigh In On Brunswick

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in Brunswick by 4,972.7% in the first quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after buying an additional 547 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Brunswick by 103.5% in the second quarter. Parkside Financial Bank & Trust now owns 702 shares of the company's stock worth $39,000 after buying an additional 357 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company's stock worth $39,000 after buying an additional 601 shares in the last quarter. First Horizon Advisors Inc. raised its stake in Brunswick by 171.6% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock worth $41,000 after buying an additional 477 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Brunswick by 451.0% in the first quarter. Signaturefd LLC now owns 810 shares of the company's stock worth $44,000 after buying an additional 663 shares in the last quarter. 99.34% of the stock is 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.

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