Brunswick (NYSE:BC) Cut to "Hold" at Zacks Research

Key Points

• Zacks Research has downgraded Brunswick (NYSE:BC) from a "strong-buy" to a "hold" rating.
• BMO Capital Markets and Jefferies Financial Group have also lowered their target prices for Brunswick, with BMO adjusting from $75 to $65 and Jefferies from $64 to $45.
• The stock currently has an average rating of "Moderate Buy" and a consensus price target of $68.25 from a mix of analysts.

Brunswick (NYSE:BC - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also recently commented on BC. Benchmark began coverage on Brunswick in a research note on Monday, April 28th. They issued a "buy" rating and a $70.00 target price on the stock. Robert W. Baird increased their target price on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. BMO Capital Markets decreased their price target on Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, April 25th. DA Davidson increased their price target on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Roth Capital increased their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Brunswick has an average rating of "Moderate Buy" and a consensus target price of $68.25.

Brunswick Stock Down 1.2%

NYSE:BC traded down $0.80 during trading hours on Thursday, reaching $64.38. The company's stock had a trading volume of 902,728 shares, compared to its average volume of 959,025. 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 one year low of $41.00 and a one year high of $87.65. The business's 50-day moving average is $59.47 and its 200-day moving average is $55.56. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 103.85 and a beta of 1.28.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm earned $1.80 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Equities research analysts predict that Brunswick will post 4.19 EPS for the current year.

Insider Buying and Selling at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of the transaction, the vice president owned 44,466 shares of the company's stock, valued at $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.85% of the company's stock.

Institutional Inflows and Outflows

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

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.