Brunswick Corporation (NYSE:BC) Stock Has Average Price Target of $84.60

Key Points

• Analyst sentiment is moderately positive: Brunswick has a “Moderate Buy” consensus from 12 analysts, with an average 12-month price target of $84.60 versus a recent price of $66.05. Recent targets range from $66 at JPMorgan to $94 at William Blair.
• Institutional ownership is very high at 99.34%, with major investors including BlackRock, Dimensional Fund Advisors, Bank of New York Mellon and Bank of America holding or adding significant positions.
• Brunswick exceeded quarterly expectations, reporting $1.56 in EPS versus a $1.19 consensus estimate and $1.56 billion in revenue. The company also declared a quarterly dividend of $0.44, equivalent to a 2.7% annualized yield.

Brunswick Corporation (NYSE:BC - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $84.60.

Several research firms recently weighed in on BC. William Blair set a $94.00 target price on Brunswick in a research report on Thursday, August 13th. Robert W. Baird set a $92.00 price target on Brunswick in a research report on Friday, July 31st. JPMorgan Chase & Co. reduced their price target on Brunswick from $80.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday. Truist Financial decreased their price objective on Brunswick from $94.00 to $81.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Morgan Stanley set a $74.00 price objective on Brunswick in a research report on Monday.

Institutional Investors Weigh In On Brunswick

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Brunswick during the 2nd quarter valued at $568,461,000. Dimensional Fund Advisors LP increased its stake in Brunswick by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,931,104 shares of the company's stock worth $213,253,000 after buying an additional 82,689 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Brunswick in the 2nd quarter worth $101,201,000. Bank of America Corp DE increased its stake in Brunswick by 296.1% in the 1st quarter. Bank of America Corp DE now owns 872,368 shares of the company's stock worth $63,474,000 after buying an additional 652,136 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Brunswick during the second quarter valued at about $40,211,000. Institutional investors own 99.34% of the company's stock.

Brunswick Price Performance

NYSE BC opened at $66.05 on Tuesday. Brunswick has a 52 week low of $59.06 and a 52 week high of $90.25. The firm has a market capitalization of $4.28 billion, a P/E ratio of -50.42 and a beta of 1.38. The company has a quick ratio of 0.65, a current ratio of 1.45 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $69.70 and a 200-day moving average price of $77.74.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.37. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The firm's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 earnings per share. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. Equities research analysts anticipate that Brunswick will post 4.55 earnings per share for the current year.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, November 24th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, November 24th. Brunswick's dividend payout ratio is currently -134.35%.

Brunswick Company Profile

Brunswick Corporation NYSE: BC is a marine recreation company that designs, manufactures and distributes products used in boating and related recreational activities. Its portfolio includes marine propulsion systems, boats, engines, electronics, boat control systems and other components, as well as parts and accessories.

The company's marine businesses include Mercury Marine, which produces outboard, sterndrive and inboard engines, and a range of boat brands such as Boston Whaler, Sea Ray, Bayliner, Lund, Harris and Princecraft.

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