DA Davidson Cuts Brunswick (NYSE:BC) Price Target to $60.00

Brunswick (NYSE:BC) had its price objective reduced by DA Davidson from $80.00 to $60.00 in a research report report published on Wednesday,Benzinga reports. DA Davidson currently has a neutral rating on the stock. DA Davidson also issued estimates for Brunswick’s Q4 2024 earnings at $0.18 EPS.

A number of other research analysts have also recently commented on BC. Benchmark restated a “buy” rating and set a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and cut their target price for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Citigroup boosted their price objective on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Truist Financial dropped their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Finally, Morgan Stanley lowered their target price on shares of Brunswick from $78.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and a consensus price target of $83.77.

Brunswick Stock Down 0.2 %

BC stock opened at $68.24 on Wednesday. Brunswick has a twelve month low of $62.64 and a twelve month high of $96.65. The company has a market cap of $4.50 billion, a PE ratio of 16.97 and a beta of 1.54. The business’s 50-day simple moving average is $71.52 and its 200 day simple moving average is $76.77. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17.

Insider Buying and Selling

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the sale, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. The trade was a 1.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the sale, the chief executive officer now directly owns 251,094 shares in the company, 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. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

A number of institutional investors and hedge funds have recently modified their holdings of BC. Envestnet Asset Management Inc. raised its holdings in shares of Brunswick by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 167,160 shares of the company’s stock valued at $12,164,000 after purchasing an additional 6,853 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of Brunswick by 13.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,257 shares of the company’s stock valued at $674,000 after purchasing an additional 1,073 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Brunswick by 7.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,233 shares of the company’s stock valued at $441,000 after buying an additional 414 shares during the last quarter. Hsbc Holdings PLC grew its stake in Brunswick by 181.7% in the 2nd 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. Finally, Sei Investments Co. grew its stake in Brunswick by 7.6% in the 2nd quarter. Sei Investments Co. now owns 221,073 shares of the company’s stock valued at $16,087,000 after buying an additional 15,602 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

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.