Brunswick (NYSE:BC) Shares Gap Down - What's Next?

Key Points

• Brunswick shares gapped down from a prior close of $67.55 to open at $65.48, trading near $65.50 and well below its 50-day and 200-day moving averages.
• Despite the decline, analysts maintain a “Moderate Buy” consensus, with an average price target of $88.00 versus the current price; ratings range from Strong Buy to Sell.
• Brunswick’s latest quarterly results exceeded expectations, with earnings of $1.56 per share and revenue of $1.56 billion, while the company maintains a quarterly dividend of $0.44 per share, equivalent to a 2.7% annualized yield.

Brunswick Corporation (NYSE:BC - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $67.55, but opened at $65.48. Brunswick shares last traded at $65.50, with a volume of 82,289 shares.

Wall Street Analyst Weigh In

BC has been the topic of several research reports. Robert W. Baird set a $92.00 price target on shares of Brunswick in a report on Friday, July 31st. Truist Financial upped their price objective on shares of Brunswick from $93.00 to $94.00 and gave the company a "buy" rating in a report on Monday, July 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Brunswick in a research note on Wednesday, June 24th. William Blair set a $94.00 target price on shares of Brunswick in a research report on Thursday, August 13th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $76.00 price target on shares of Brunswick in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Brunswick presently has an average rating of "Moderate Buy" and an average target price of $88.00.

Brunswick Price Performance

The stock has a market capitalization of $4.30 billion, a PE ratio of -50.64 and a beta of 1.34. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.45 and a quick ratio of 0.65. The stock's fifty day moving average is $77.73 and its 200-day moving average is $78.07.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.37. Brunswick had a negative net margin of 1.53% and a positive return on equity of 15.28%. The company had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the previous year, the company earned $0.90 earnings per share. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. Brunswick has set its Q3 2026 guidance at 1.200-1.400 EPS and its FY 2026 guidance at 4.350-4.750 EPS. As a group, equities analysts predict that Brunswick Corporation will post 4.55 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, August 20th. This represents a $1.76 dividend on an annualized basis and a yield of 2.7%. Brunswick's dividend payout ratio is currently -134.35%.

Institutional Investors Weigh In On Brunswick

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Brunswick during the second quarter valued at $568,461,000. Dimensional Fund Advisors LP raised its position in shares of Brunswick by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,931,104 shares of the company's stock worth $213,253,000 after purchasing an additional 82,689 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Brunswick in the 2nd quarter valued at about $101,201,000. Bank of America Corp DE lifted 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 valued at $63,474,000 after buying an additional 652,136 shares in the last quarter. Finally, Norges Bank acquired a new stake in Brunswick in the 4th quarter worth about $46,665,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Brunswick Company Profile

Brunswick Corporation NYSE: BC is a global marine recreation company that develops, manufactures and distributes products used by boat owners, recreational boaters and marine dealers. Its operations include marine propulsion systems, boats, engine parts and accessories, marine electronics, and related technologies and services.

The company's portfolio includes Mercury Marine outboard and inboard engines, along with boat brands such as Boston Whaler, Sea Ray, Bayliner, Lund, Harris and Manitou.

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