DA Davidson Weighs in on Brunswick’s Q4 Earnings (NYSE:BC)

Brunswick Co. (NYSE:BC) – DA Davidson issued their Q4 2024 earnings estimates for shares of Brunswick in a report issued on Thursday, January 23rd. DA Davidson analyst B. Rolle expects 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 $4.51 per share.

Several other research analysts have also recently commented on BC. Stifel Nicolaus dropped their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Truist Financial cut their target price on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Benchmark reaffirmed a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Morgan Stanley decreased 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. Finally, B. Riley downgraded Brunswick from a “buy” rating to a “neutral” rating and dropped their target price for the company from $95.00 to $88.00 in a report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.46.

Brunswick Price Performance

NYSE BC opened at $68.42 on Friday. The business’s fifty day moving average is $71.76 and its two-hundred day moving average is $76.79. 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 has a market capitalization of $4.51 billion, a P/E ratio of 17.02 and a beta of 1.54. Brunswick has a 1 year low of $62.64 and a 1 year high of $96.65.

Insider Activity

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the company’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 sale, the chief executive officer now directly owns 251,094 shares in the company, valued at $20,142,760.68. This represents a 8.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nancy E. Cooper sold 366 shares of Brunswick 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 owns 24,557 shares in the company, valued at $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Institutional Trading of Brunswick

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BC. V Square Quantitative Management LLC acquired a new stake in shares of Brunswick in the third quarter worth $26,000. Armstrong Advisory Group Inc. bought a new position in shares of Brunswick during the 4th quarter worth about $39,000. Avior Wealth Management LLC lifted its stake in shares of 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 buying an additional 612 shares during the period. Covestor Ltd grew its position in Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Brunswick by 92.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after acquiring an additional 555 shares in the last quarter. Institutional investors and hedge funds own 99.34% 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.