Brunswick’s (BC) Neutral Rating Reiterated at DA Davidson

DA Davidson reiterated their neutral rating on shares of Brunswick (NYSE:BC) in a report released on Monday,Benzinga reports. They currently have a $76.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. William Blair set a $94.00 price target on shares of Brunswick in a report on Thursday, August 13th. Weiss Ratings reissued 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 shares of Brunswick in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on Brunswick from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Brunswick currently has an average rating of “Hold” and an average price target of $88.00.

Brunswick Trading Up 0.8%

NYSE BC opened at $81.69 on Monday. Brunswick has a 12 month low of $58.56 and a 12 month high of $90.25. The company has a current ratio of 1.45, a quick ratio of 0.65 and a debt-to-equity ratio of 1.08. The stock’s fifty day moving average price is $81.09 and its 200-day moving average price is $79.80. The stock has a market cap of $5.29 billion, a P/E ratio of -62.36 and a beta of 1.33.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.37. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Brunswick had a positive return on equity of 15.28% and a negative net margin of 1.53%.Brunswick’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. 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 forecast that Brunswick will post 4.55 EPS for the current fiscal year.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Thursday, August 20th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, August 20th. This represents a $1.76 annualized dividend and a yield of 2.2%. Brunswick’s dividend payout ratio is currently -134.35%.

Insider Activity

In other news, CEO David M. Foulkes sold 25,853 shares of Brunswick stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $83.12, for a total value of $2,148,901.36. Following the completion of the sale, the chief executive officer directly owned 267,528 shares in the company, valued at $22,236,927.36. The trade was a 8.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Brunswick

A number of hedge funds have recently added to or reduced their stakes in BC. Summit Securities Group LLC purchased a new position in shares of Brunswick in the 1st quarter worth $27,000. Farther Finance Advisors LLC boosted its holdings in shares of Brunswick by 72.3% in the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after buying an additional 159 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Brunswick during the first quarter valued at approximately $29,000. Quarry LP grew its position in Brunswick by 38.4% during the fourth quarter. Quarry LP now owns 440 shares of the company’s stock valued at $33,000 after buying an additional 122 shares during the period. Finally, Larson Financial Group LLC increased its holdings in Brunswick by 705.4% during the third quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock valued at $38,000 after buying an additional 522 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

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.