Brunswick Co. (NYSE:BC) Receives Average Recommendation of “Buy” from Brokerages

Shares of Brunswick Co. (NYSE:BC – Get Rating) have earned a consensus recommendation of “Buy” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $113.08.

A number of research analysts recently weighed in on BC shares. Citigroup dropped their price target on shares of Brunswick from $123.00 to $106.00 and set a “buy” rating on the stock in a research report on Tuesday, April 19th. B. Riley raised their price target on shares of Brunswick from $116.00 to $120.00 in a research report on Friday, April 29th. BMO Capital Markets dropped their price target on shares of Brunswick from $105.00 to $90.00 in a research report on Monday, May 2nd. DA Davidson assumed coverage on shares of Brunswick in a research report on Tuesday, April 26th. They set a “buy” rating and a $96.00 price target on the stock. Finally, Raymond James raised their price objective on shares of Brunswick from $121.00 to $123.00 in a report on Friday, April 29th.

In other news, VP Randall S. Altman sold 2,040 shares of Brunswick stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $85.86, for a total value of $175,154.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Ryan M. Gwillim sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 17th. The shares were sold at an average price of $97.09, for a total transaction of $97,090.00. The disclosure for this sale can be found here. Insiders sold 10,894 shares of company stock valued at $1,024,186 in the last quarter. Corporate insiders own 0.58% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new position in shares of Brunswick in the fourth quarter valued at approximately $25,000. Covestor Ltd bought a new position in shares of Brunswick in the fourth quarter valued at approximately $32,000. Financial Management Professionals Inc. bought a new position in shares of Brunswick in the first quarter valued at approximately $26,000. UMB Bank N A MO bought a new position in shares of Brunswick in the fourth quarter valued at approximately $42,000. Finally, SouthState Corp bought a new position in shares of Brunswick in the third quarter valued at approximately $41,000. Institutional investors own 92.75% of the company’s stock.

Brunswick stock opened at $79.66 on Monday. Brunswick has a 1-year low of $72.71 and a 1-year high of $111.12. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 10.39 and a beta of 1.56. The firm’s fifty day moving average price is $81.30 and its two-hundred day moving average price is $90.93. The company has a current ratio of 2.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.26.

Brunswick (NYSE:BC – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.20. Brunswick had a net margin of 9.79% and a return on equity of 35.51%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the firm earned $2.24 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, research analysts forecast that Brunswick will post 10.15 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, May 18th will be paid a $0.365 dividend. The ex-dividend date is Tuesday, May 17th. This represents a $1.46 annualized dividend and a dividend yield of 1.83%. Brunswick’s payout ratio is 19.04%.

Brunswick Company Profile (Get Rating)

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through Propulsion; Parts & Accessories; and Boat segments. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

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