FY2025 Earnings Forecast for Brunswick Issued By DA Davidson

Brunswick Co. (NYSE:BC) – Research analysts at DA Davidson decreased their FY2025 earnings estimates for Brunswick in a research report issued on Thursday, January 23rd. DA Davidson analyst B. Rolle now forecasts that the company will post earnings of $4.00 per share for the year, down from their prior forecast of $6.65. DA Davidson currently has a “Neutral” rating and a $60.00 target price on the stock. The consensus estimate for Brunswick’s current full-year earnings is $4.52 per share.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus cut their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Citigroup lowered their price target on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday. Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. Morgan Stanley decreased their price target on Brunswick from $78.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, Truist Financial cut their target price on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.54.

Brunswick Stock Down 2.7 %

Shares of BC stock opened at $68.62 on Monday. Brunswick has a fifty-two week low of $62.64 and a fifty-two week high of $96.65. The firm has a market capitalization of $4.53 billion, a PE ratio of 17.07 and a beta of 1.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. The stock’s 50-day simple moving average is $71.11 and its 200-day simple moving average is $76.76.

Hedge Funds Weigh In On Brunswick

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oak Thistle LLC acquired a new stake in shares of Brunswick during the 4th quarter worth approximately $368,000. Bank of Montreal Can grew its position in Brunswick by 20.8% in the second quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock worth $2,925,000 after acquiring an additional 6,922 shares during the period. Global Alpha Capital Management Ltd. increased its stake in Brunswick by 47.5% during the third quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock worth $20,128,000 after acquiring an additional 77,340 shares during the last quarter. JPMorgan Chase & Co. raised its position in Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after purchasing an additional 102,780 shares during the period. Finally, Barclays PLC lifted its stake in shares of Brunswick by 78.6% in the 3rd 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. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the company’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 completion of the sale, the chief executive officer now owns 251,094 shares of the company’s stock, valued at $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

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.