Brunswick (NYSE:BC) Shares Gap Down – Here’s Why

Brunswick Corporation (NYSE:BC) gapped down prior to trading 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 trading hands.

Analyst Ratings Changes

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

Brunswick Stock Down 1.7%

The stock has a market capitalization of $4.30 billion, a price-to-earnings 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 business has a fifty day moving average of $77.73 and a 200 day moving average of $78.07.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, July 30th. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.37. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%.The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. The company’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 year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Thursday, August 20th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, August 20th. Brunswick’s payout ratio is -134.35%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Brunswick in the 2nd quarter valued at $568,461,000. Hsbc Holdings PLC lifted its stake in Brunswick by 32.2% during the 2nd quarter. Hsbc Holdings PLC now owns 90,649 shares of the company’s stock worth $7,591,000 after acquiring an additional 22,098 shares in the last quarter. Castleark Management LLC purchased a new position in Brunswick during the 2nd quarter valued at about $4,778,000. Arrowstreet Capital Limited Partnership grew its position in Brunswick by 148.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 79,607 shares of the company’s stock valued at $5,792,000 after acquiring an additional 47,573 shares in the last quarter. Finally, Nitor Capital Management LLC purchased a new stake in Brunswick during the second quarter worth about $2,140,000. Hedge funds and other institutional investors 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.