12 Best RV and Camping Stocks To Buy Now

2. Brunswick Corporation (NYSE:BC)

Number of Hedge Fund Holders: 35

Brunswick Corporation (NYSE:BC) is a major player in the global marine recreation industry, boasting over 60 well-known brands, including Mercury Marine, Sea Ray, Boston Whaler, and Bayliner. Through its brands, the company develops, manufactures, and markets recreational boats and other products and services. Brunswick Corporation (NYSE:BC) is focused on enhancing its product offerings and operational efficiency, which positions it as a strong investment opportunity.

In the third quarter of 2024, the corporation reported net sales down 20% compared to the same period last year, primarily due to challenges in the US retail marine market. However, the transition to a new distribution facility in Indiana has improved efficiency, contributing to modest international sales growth. This strategic move indicates Brunswick Corporation’s (NYSE:BC) commitment to optimizing operations and adapting to market conditions.

Brunswick Corporation’s (NYSE:BC) acquisition of Navico in October 2021 for $1.05 billion has also strengthened its position in marine electronics and sensors. The integration of Navico’s brands like Lowrance and Simrad allows the corporation to offer advanced technologies. For instance, in the third quarter of 2024, the Lowrance brand launched the new Lowrance Eagle Eye 9″, the first entry-level fish finder in the market to offer live sonar capability.

These innovations and new product launches in the marine recreation industry position Brunswick Corporation (NYSE:BC) well for future growth.

Additionally, on October 16, Brunswick Corporation (NYSE:BC) announced that it is expanding its product range in the North American market with the introduction of NAVAN boats at the 2024 Fort Lauderdale International Boat Show. Previously launched in Europe, these models feature innovative designs and advanced technologies that enhance performance and comfort, appealing to a broader audience of boating enthusiasts.

In the Q3 2024 earnings call, the company’s management highlighted the corporation’s strong cash flow has allowed Brunswick Corporation (NYSE:BC) to complete $190 million of share repurchases so far this year, reflecting its commitment to returning value to shareholders.

On October 25, TipRanks reported that Roth MKM analyst Scott Stember reaffirmed a Buy rating on Brunswick Corporation (NYSE:BC) with a price target of $91.00.

Overall, analysts have a positive outlook on Brunswick Corporation (NYSE:BC). The 12-month median price target of $93.00 set by analysts indicates a potential increase of 10% from the stock’s current price.

As one of the best RV stocks, Brunswick Corporation (NYSE:BC) was held by 35 hedge funds in Q2 2024, according to Insider Monkey’s database.