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Brenna Preisser, Executive Vice President and President of the Boat Group at Brunswick Corporation (NYSE:BC), has sold 1,600 shares of the company’s common stock. The transaction, which took place on February 19, 2025, was executed at a price of $64.88 per share, totaling $103,808. The sale comes as Brunswick trades near its 52-week low of $62.64, with the stock currently valued at a P/E ratio of 12.9x. According to InvestingPro analysis, the company appears fairly valued based on its comprehensive Fair Value model.
Following this sale, Preisser retains ownership of 65,662 shares in Brunswick. The transaction reflects a continued pattern of activity by company insiders, providing investors with insights into the trading behavior of Brunswick’s executive team. Brunswick Corporation, headquartered in Mettawa, Illinois, is a well-known player in the engines and turbines industry. The company has maintained dividend payments for 55 consecutive years and currently offers a 2.66% yield. InvestingPro subscribers can access additional insights, including 8 more key tips and a comprehensive Pro Research Report, which is part of their coverage of 1,400+ US stocks.
In other recent news, Brunswick Corporation reported its fourth-quarter earnings for 2024, surpassing analyst expectations with an earnings per share (EPS) of $0.24 against a forecast of $0.22. The company’s revenue also exceeded projections, reaching $1.15 billion compared to the expected $1.05 billion. Despite these positive results, Brunswick experienced a significant year-over-year decline in net sales and EPS, with sales down 18% to $5.2 billion and adjusted EPS falling 48% to $4.57 for the full year. In other developments, Brunswick announced a 13th consecutive year of dividend growth, declaring a quarterly dividend of $0.43 per share, reflecting the company’s commitment to rewarding shareholders.
Analyst firms have also adjusted their outlook on Brunswick’s stock. DA Davidson raised its price target from $60 to $64 while maintaining a Neutral rating, citing a conservative industry outlook for 2025. Meanwhile, Benchmark reduced its price target from $100 to $90 but retained a Buy rating, indicating confidence in the company’s potential for recovery despite recent challenges. The cautious outlook from analysts highlights broader economic uncertainties, including potential tariffs and market risks.
Brunswick’s strategic focus on cost savings and market share gains is expected to continue in 2025, with the company forecasting net sales between $5.2 billion and $5.6 billion and adjusted EPS ranging from $3.50 to $5.00. The company anticipates over $350 million in free cash flow, despite potential challenges such as tariff impacts and foreign currency exchange headwinds. As Brunswick navigates these uncertainties, investors will closely watch the company’s efforts to adapt to market conditions and maintain its competitive edge.
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