DA Davidson Forecasts Brunswick’s FY2025 Earnings (NYSE:BC)

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

A number of other brokerages have also commented on BC. Benchmark reissued a “buy” rating and set a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. Truist Financial lowered their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lowered their price objective on Brunswick from $78.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Stifel Nicolaus lowered their price objective on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, B. Riley downgraded 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 research report on Tuesday, November 26th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.77.

Brunswick Stock Performance

Shares of BC stock opened at $70.52 on Monday. The business’s 50-day moving average price is $71.33 and its 200-day moving average price is $76.82. Brunswick has a 12 month low of $62.64 and a 12 month high of $96.65. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 17.54 and a beta of 1.54. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BC. Hsbc Holdings PLC raised its stake in Brunswick by 181.7% during the second quarter. Hsbc Holdings PLC now owns 8,914 shares of the company’s stock valued at $645,000 after buying an additional 5,750 shares during the last quarter. Bank of Montreal Can raised its stake in shares of 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 purchasing an additional 6,922 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Brunswick in the second quarter worth $1,249,000. Maverick Capital Ltd. raised its stake in shares of Brunswick by 319.4% in the second quarter. Maverick Capital Ltd. now owns 11,732 shares of the company’s stock worth $854,000 after purchasing an additional 8,935 shares during the last quarter. Finally, Algert Global LLC purchased a new position in shares of Brunswick in the second quarter worth $498,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insiders Place Their Bets

In other news, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the transaction, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following 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.

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.