Q4 Earnings Estimate for Brunswick Issued By DA Davidson

Brunswick Co. (NYSE:BC - Free Report) - Equities research analysts at DA Davidson issued their Q4 2024 EPS estimates for Brunswick in a report released on Thursday, January 23rd. DA Davidson analyst B. Rolle anticipates that the company will earn $0.18 per share for the quarter. DA Davidson has a "Neutral" rating and a $60.00 price objective on the stock. The consensus estimate for Brunswick's current full-year earnings is $4.52 per share.

Several other research firms also recently weighed in on BC. B. Riley downgraded shares of Brunswick from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th. Roth Mkm dropped their price target on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley decreased their price objective on Brunswick from $78.00 to $64.00 and set an "equal weight" rating for the company in a report on Tuesday. Citigroup raised their target price on Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a report on Friday, September 27th. Finally, Benchmark reiterated a "buy" rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $83.77.

Brunswick Stock Down 0.2 %

Brunswick stock traded down $0.16 during mid-day trading on Friday, reaching $68.24. The stock had a trading volume of 748,700 shares, compared to its average volume of 627,247. The firm has a market capitalization of $4.50 billion, a PE ratio of 16.97 and a beta of 1.54. Brunswick has a fifty-two week low of $62.64 and a fifty-two week high of $96.65. The stock's 50-day simple moving average is $71.52 and its 200-day simple moving average is $76.77. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

Insider Transactions at Brunswick

In other news, CEO David M. Foulkes sold 23,829 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the sale, the chief executive officer now owns 251,094 shares of the company's stock, valued at $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the transaction, the director now owns 24,557 shares of the company's stock, valued at $1,969,225.83. This represents a 1.47 % 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 Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Brunswick during the 3rd quarter valued at $26,000. Armstrong Advisory Group Inc. bought a new stake in Brunswick during the fourth quarter worth about $39,000. Avior Wealth Management LLC boosted its stake in shares of Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock valued at $56,000 after purchasing an additional 612 shares during the period. Covestor Ltd increased its stake in shares of Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company's stock worth $81,000 after buying an additional 843 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock valued at $97,000 after buying an additional 555 shares during the last quarter. 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.