Equities Analysts Issue Forecasts for Brunswick Q4 Earnings

Brunswick Co. (NYSE:BC) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Brunswick in a research note issued to investors on Thursday, January 23rd. DA Davidson analyst B. Rolle forecasts that the company will post earnings per share of $0.18 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.

Other research analysts have also recently issued reports about the stock. Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th. Stifel Nicolaus dropped their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. B. Riley downgraded Brunswick from a “buy” rating to a “neutral” rating and cut their target price for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th. Morgan Stanley reduced their price objective on shares of Brunswick from $78.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Roth Mkm decreased their price target on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Brunswick presently has an average rating of “Moderate Buy” and an average price target of $83.77.

Brunswick Trading Down 0.2 %

BC opened at $68.24 on Friday. The company has a 50-day simple moving average of $71.52 and a 200 day simple moving average of $76.82. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of 16.97 and a beta of 1.54. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. Brunswick has a twelve month low of $62.64 and a twelve month high of $96.65.

Institutional Investors Weigh In On Brunswick

A number of hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in Brunswick during the 3rd quarter valued at about $26,000. Armstrong Advisory Group Inc. purchased a new position in shares of Brunswick in the fourth quarter worth about $39,000. Avior Wealth Management LLC lifted its position in Brunswick by 1,073.7% in 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 last quarter. Covestor Ltd raised its holdings in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after buying an additional 843 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Brunswick by 92.5% during the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after acquiring an additional 555 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Activity

In other news, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the transaction, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Brunswick Company Profile

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.