Brunswick (NYSE:BC) Price Target Raised to $70.00

Brunswick (NYSE:BC) had its price objective increased by JPMorgan Chase & Co. from $63.00 to $70.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the company. DA Davidson lifted their price objective on Brunswick from $43.00 to $59.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Zacks Research cut Brunswick from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 21st. B. Riley lifted their price objective on Brunswick from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, September 8th. Citigroup reaffirmed a “buy” rating on shares of Brunswick in a report on Wednesday, August 27th. Finally, Roth Capital lifted their price objective on Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.00.

Brunswick Stock Performance

NYSE BC opened at $61.65 on Tuesday. The business has a 50 day moving average price of $62.59 and a 200 day moving average price of $56.02. The company has a market capitalization of $4.03 billion, a P/E ratio of 99.43 and a beta of 1.36. Brunswick has a 1-year low of $41.00 and a 1-year high of $87.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.27. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Brunswick had a return on equity of 10.73% and a net margin of 0.82%.Brunswick’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 earnings per share. Brunswick has set its FY 2025 guidance at 3.250-3.250 EPS. Q3 2025 guidance at 0.750-0.900 EPS. Sell-side analysts expect that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th were given a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.8%. Brunswick’s payout ratio is currently 277.42%.

Institutional Investors Weigh In On Brunswick

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Verdence Capital Advisors LLC grew its position in shares of Brunswick by 3.1% in the second quarter. Verdence Capital Advisors LLC now owns 6,524 shares of the company’s stock valued at $360,000 after purchasing an additional 195 shares during the period. Blue Trust Inc. grew its position in Brunswick by 24.7% during the second quarter. Blue Trust Inc. now owns 1,041 shares of the company’s stock valued at $58,000 after acquiring an additional 206 shares during the period. Voya Investment Management LLC grew its position in Brunswick by 2.8% during the first quarter. Voya Investment Management LLC now owns 8,196 shares of the company’s stock valued at $441,000 after acquiring an additional 221 shares during the period. Geneos Wealth Management Inc. grew its position in Brunswick by 31.9% during the second quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock valued at $53,000 after acquiring an additional 232 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Brunswick by 1.1% during the second quarter. Daiwa Securities Group Inc. now owns 23,215 shares of the company’s stock valued at $1,282,000 after acquiring an additional 260 shares during the period. Hedge funds and other 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.