Brookfield Business (NYSE:BBUC) Hits New 12-Month Low – Time to Sell?

Brookfield Business Corp (NYSE:BBUC) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $28.11 and last traded at $28.22, with a volume of 152858 shares trading hands. The stock had previously closed at $28.92.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BBUC shares. Weiss Ratings restated a “sell (d)” rating on shares of Brookfield Business in a research note on Wednesday, August 5th. National Bank Financial dropped their price target on shares of Brookfield Business from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 12th. Wall Street Zen downgraded shares of Brookfield Business from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Canadian Imperial Bank of Commerce set a $41.50 price target on Brookfield Business in a research report on Monday, May 11th. Finally, Scotiabank set a $40.50 target price on shares of Brookfield Business in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Brookfield Business has a consensus rating of “Hold” and an average price target of $39.20.

Brookfield Business Stock Down 2.1%

The company has a market cap of $5.86 billion, a P/E ratio of -72.62 and a beta of 1.26. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.22 and a current ratio of 1.44. The stock has a 50-day moving average of $30.80 and a two-hundred day moving average of $32.60.

Brookfield Business (NYSE:BBUC) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter. Brookfield Business had a net margin of 1.13% and a return on equity of 2.05%. The company had revenue of $6.50 billion during the quarter. On average, research analysts anticipate that Brookfield Business Corp will post 5.31 EPS for the current fiscal year.

Brookfield Business Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Business’s payout ratio is -64.10%.

Institutional Trading of Brookfield Business

Several hedge funds and other institutional investors have recently bought and sold shares of BBUC. Jump Financial LLC purchased a new stake in shares of Brookfield Business during the fourth quarter valued at approximately $240,000. Franklin Resources Inc. increased its stake in shares of Brookfield Business by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 7,302 shares of the company’s stock worth $262,000 after buying an additional 482 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Brookfield Business in the fourth quarter worth $280,000. Susquehanna Advisors Group Inc. bought a new stake in Brookfield Business during the 4th quarter valued at $298,000. Finally, Handelsbanken Fonder AB bought a new stake in Brookfield Business during the 4th quarter valued at $323,000. Institutional investors own 85.04% of the company’s stock.

Brookfield Business Company Profile

Brookfield Business (NYSE: BBUC) is a publicly traded operating company affiliated with the Brookfield group that focuses on owning and managing a portfolio of industrial and business services companies. The company’s model centers on acquiring established businesses and applying active operational oversight, capital investment and strategic management to improve performance and support long‑term growth.

Brookfield Business’s activities span a range of sectors within the industrial and services landscape, including manufacturing, industrial services, specialty distribution and business‑to‑business service providers.