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

Zacks Research cut shares of Brunswick (NYSE:BC) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. DA Davidson raised their target price on shares of Brunswick from $43.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Roth Capital raised their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Jefferies Financial Group dropped their target price on shares of Brunswick from $64.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, April 24th. Citigroup restated a “buy” rating and set a $68.00 target price (up from $61.00) on shares of Brunswick in a report on Monday, June 16th. Finally, Robert W. Baird raised their target price on shares of Brunswick from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Brunswick presently has a consensus rating of “Moderate Buy” and an average target price of $68.25.

Brunswick Price Performance

NYSE:BC opened at $65.9030 on Thursday. The stock has a market cap of $4.31 billion, a P/E ratio of 106.30 and a beta of 1.28. The company has a fifty day moving average price of $59.31 and a 200 day moving average price of $55.64. 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.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.25 billion. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. Brunswick’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the company posted $1.80 EPS. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Analysts anticipate that Brunswick will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick’s dividend payout ratio (DPR) is currently 277.42%.

Insider Buying and Selling at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the firm’s stock in a transaction 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 directly owned 44,466 shares of the company’s stock, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in shares of Brunswick by 1.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,482,887 shares of the company’s stock valued at $192,395,000 after buying an additional 43,361 shares in the last quarter. Turtle Creek Asset Management Inc. grew its stake in shares of Brunswick by 19.7% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company’s stock valued at $191,806,000 after buying an additional 488,412 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Brunswick by 20.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,504,407 shares of the company’s stock valued at $134,857,000 after buying an additional 420,369 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Brunswick by 22.7% in the second quarter. American Century Companies Inc. now owns 1,472,467 shares of the company’s stock valued at $81,339,000 after buying an additional 272,815 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Brunswick by 23.2% in the second quarter. Alliancebernstein L.P. now owns 1,420,922 shares of the company’s stock valued at $78,492,000 after buying an additional 267,479 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.