Brunswick (NYSE:BC) Raised to "Hold" at DA Davidson

Brunswick (NYSE:BC - Get Free Report) was upgraded by equities researchers at DA Davidson to a "hold" rating in a research report issued on Monday,Zacks.com reports. DA Davidson also issued estimates for Brunswick's Q1 2025 earnings at $0.20 EPS, FY2025 earnings at $4.25 EPS and FY2026 earnings at $5.75 EPS.

BC has been the topic of a number of other research reports. Robert W. Baird reissued a "neutral" rating and set a $56.00 price target (down previously from $90.00) on shares of Brunswick in a research note on Friday, April 4th. Baird R W downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Stifel Nicolaus lowered their target price on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Roth Mkm dropped their price target on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Finally, B. Riley upgraded Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $76.67.

Brunswick Stock Up 0.9 %

Brunswick stock traded up $0.40 during midday trading on Monday, reaching $43.74. The company's stock had a trading volume of 1,181,133 shares, compared to its average volume of 756,479. The business has a 50-day simple moving average of $55.20 and a 200-day simple moving average of $67.87. The company has a market cap of $2.88 billion, a P/E ratio of 23.02 and a beta of 1.42. Brunswick has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, research analysts expect that Brunswick will post 4.19 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, the director now owns 25,361 shares of the company's stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the sale, the senior vice president now owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brunswick

Large investors have recently made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its position in Brunswick by 26.5% during the third quarter. Orion Portfolio Solutions LLC now owns 7,087 shares of the company's stock worth $594,000 after purchasing an additional 1,484 shares during the period. MML Investors Services LLC raised its holdings in Brunswick by 30.7% in the 3rd quarter. MML Investors Services LLC now owns 7,119 shares of the company's stock worth $597,000 after acquiring an additional 1,671 shares during the period. Barclays PLC grew its position in shares of Brunswick by 78.6% in the third quarter. Barclays PLC now owns 118,189 shares of the company's stock valued at $9,907,000 after purchasing an additional 52,024 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Brunswick by 12.1% during the third quarter. Sanctuary Advisors LLC now owns 12,808 shares of the company's stock worth $1,055,000 after buying an additional 1,387 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Brunswick by 2.5% during the 3rd quarter. Franklin Resources Inc. now owns 233,128 shares of the company's stock worth $19,394,000 after purchasing an additional 5,604 shares during the period. Institutional investors own 99.34% of the company's stock.

About Brunswick

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.