Brunswick (NYSE:BC) Downgraded by Texas Capital to Hold

Texas Capital downgraded shares of Brunswick (NYSE:BC) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Brunswick from $63.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, September 23rd. Jefferies Financial Group set a $115.00 price objective on Brunswick and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Wolfe Research set a $90.00 target price on Brunswick in a research note on Monday. BMO Capital Markets boosted their price target on shares of Brunswick from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Finally, Truist Financial upped their price target on shares of Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brunswick has a consensus rating of “Hold” and a consensus target price of $78.00.

Brunswick Stock Performance

Shares of NYSE BC traded up $1.18 during midday trading on Monday, hitting $88.66. The company’s stock had a trading volume of 266,360 shares, compared to its average volume of 1,078,358. Brunswick has a 1-year low of $41.00 and a 1-year high of $89.61. The firm’s fifty day moving average price is $71.85 and its 200-day moving average price is $65.99. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.73 and a current ratio of 1.78. The firm has a market cap of $5.77 billion, a P/E ratio of -24.26 and a beta of 1.36.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. Brunswick’s quarterly revenue was up 6.8% on a year-over-year basis. Brunswick has set its FY 2025 guidance at 3.250-3.25 EPS. On average, sell-side analysts forecast that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 26th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, November 26th. Brunswick’s payout ratio is currently -47.25%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. First Horizon Corp acquired a new position in Brunswick during the third quarter worth about $26,000. Jones Financial Companies Lllp boosted its position in shares of Brunswick by 50.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after purchasing an additional 166 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Brunswick during the 3rd quarter valued at about $37,000. Quent Capital LLC acquired a new position in shares of Brunswick in the 3rd quarter worth approximately $38,000. Finally, Larson Financial Group LLC raised its holdings in shares of Brunswick by 705.4% in the 3rd quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock worth $38,000 after purchasing an additional 522 shares in the last quarter. 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.