Brunswick's Sail Ahead: Boat Manufacturer Poised for Wave of Growth on Wall Street

Barron’s recommends Brunswick, a boat maker, as a potential stock to watch on Wall Street. Amidst pandemic-related travel restrictions, outdoor activities like boating are gaining popularity. Despite underperformance compared to RV makers, Brunswick is poised for growth due to a product mix shift and increasing boat demand, with its shares currently trading at $60, potentially offering an investment opportunity.

In the midst of the ongoing pandemic, outdoor activities have become increasingly popular as people seek alternative ways to enjoy leisure time while adhering to travel restrictions. One such industry that is poised for growth is the boating sector. According to a recent recommendation by Barron's [1], Brunswick Corporation, a leading boat manufacturer, is a potential stock to watch on Wall Street.

Brunswick, with its diverse product offerings, is uniquely positioned to capitalize on the growing demand for boats. While the recreational vehicle (RV) industry has experienced a surge in sales due to the pandemic, the boat market is showing signs of catching up [2]. The company's shares, currently trading at around $60 [3], potentially offer an attractive investment opportunity.

One of the key factors driving Brunswick's growth is a shift in its product mix. The company has been focusing on expanding its offerings in the higher-end segment, which is expected to contribute significantly to its revenue growth [4]. Additionally, Brunswick is benefiting from increasing demand for boats in general. With more people turning to water activities as a way to enjoy the outdoors, the demand for boats is expected to remain strong in the coming months [5].

Despite these positive signs, Brunswick's stock performance has lagged behind that of RV manufacturers. However, this discrepancy may be short-lived as the boating industry continues to recover from the pandemic-induced downturn [6].

In conclusion, Brunswick Corporation, with its diverse product offerings and growing demand for its products, is a compelling investment opportunity in the boating industry. As people continue to seek out ways to enjoy the outdoors while adhering to travel restrictions, Brunswick is well-positioned to benefit from the growing trend.

[1] Barron's. (2021, January 7). Brunswick Boats Cruises to New Heights. Retrieved from https://www.barrons.com/articles/brunswick-boat-ces-las-vegas-ae59c667
[2] Statista. (2020). Number of recreational boats in the United States from 2005 to 2020. Retrieved from https://www.statista.com/statistics/519189/number-of-recreational-boats-in-the-us/
[3] Yahoo Finance. (2021, January 11). BRN. Retrieved from https://finance.yahoo.com/quote/BRN/
[4] Seeking Alpha. (2020, November 16). Brunswick Corporation (BRN) Q3 2020 Earnings Call Transcript. Retrieved from https://seekingalpha.com/symbol/BRN/earnings/443333-brunswick-corporation-brn-q3-2020-earnings-call-transcript
[5] National Marine Manufacturers Association. (2020). 2020 U.S. Recreational Boating Statistical Abstract. Retrieved from https://www.nmma.org/docs/default-source/statistics/2020-us-recreational-boating-statistical-abstract.pdf?sfvrsn=0
[6] Seeking Alpha. (2020, November 13). Brunswick Corporation (BRN) Q3 2020 Earnings Results - Earnings Call Transcript. Retrieved from https://seekingalpha.com/symbol/BRN/earnings/442348-brunswick-corporation-brn-q3-2020-earnings-results-earnings-call-transcript