Brunswick (NYSE:BC) Trading Down 3.2% – Should You Sell?

Brunswick Corporation (NYSE:BC)’s stock price traded down 3.2% during trading on Wednesday . The company traded as low as $75.54 and last traded at $73.3010. 192,409 shares traded hands during trading, a decline of 79% from the average session volume of 899,418 shares. The stock had previously closed at $75.75.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Seaport Res Ptn upgraded Brunswick to a “strong-buy” rating in a research report on Monday, December 8th. Morgan Stanley increased their target price on Brunswick from $51.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. BMO Capital Markets boosted their price target on shares of Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Robert W. Baird upped their price objective on shares of Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $73.57.

Brunswick Price Performance

The stock’s 50-day moving average price is $67.94 and its 200 day moving average price is $63.52. The company has a quick ratio of 0.73, a current ratio of 1.78 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of -20.14 and a beta of 1.37.

Brunswick (NYSE:BC) last released its earnings results on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. Brunswick had a negative net margin of 4.60% and a positive return on equity of 10.55%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the company posted $1.17 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. Equities research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, November 26th. Brunswick’s payout ratio is currently -47.25%.

Institutional Investors Weigh In On Brunswick

A number of hedge funds have recently modified their holdings of BC. First Horizon Corp acquired a new position in Brunswick in the 3rd quarter valued at about $26,000. Jones Financial Companies Lllp lifted its holdings in Brunswick by 50.6% in the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after acquiring an additional 166 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Brunswick in the third quarter worth approximately $37,000. Quent Capital LLC acquired a new stake in Brunswick during the third quarter worth $38,000. Finally, Larson Financial Group LLC raised its position in Brunswick by 705.4% in the third quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock valued at $38,000 after purchasing an additional 522 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.