Brunswick Co. (NYSE:BC) Given Average Rating of “Moderate Buy” by Brokerages

Brunswick Co. (NYSE:BC) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $93.58.

A number of brokerages have weighed in on BC. Roth Mkm lifted their price target on shares of Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a report on Friday, February 2nd. B. Riley upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $108.00 in a report on Tuesday, February 20th. Stifel Nicolaus lifted their price target on shares of Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Truist Financial decreased their price target on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Finally, DA Davidson restated a “neutral” rating and set a $77.00 target price on shares of Brunswick in a report on Friday, March 15th.

Brunswick Stock Down 1.6 %

Shares of NYSE BC opened at $87.15 on Monday. Brunswick has a 1 year low of $66.47 and a 1 year high of $99.68. The firm’s 50 day moving average price is $89.41 and its 200 day moving average price is $84.42. The firm has a market cap of $6.00 billion, a P/E ratio of 14.65 and a beta of 1.56. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, February 1st. The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $1.99 EPS. The firm’s revenue was down 14.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Brunswick will post 7.49 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were paid a dividend of $0.42 per share. This is an increase from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.68 annualized dividend and a yield of 1.93%. Brunswick’s payout ratio is 28.24%.

Insider Buying and Selling

In related news, CFO Ryan M. Gwillim sold 9,036 shares of Brunswick stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.10, for a total transaction of $787,035.60. Following the sale, the chief financial officer now owns 28,966 shares of the company’s stock, valued at approximately $2,522,938.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Ryan M. Gwillim sold 9,036 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.10, for a total value of $787,035.60. Following the sale, the chief financial officer now owns 28,966 shares in the company, valued at approximately $2,522,938.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the sale, the vice president now owns 35,176 shares in the company, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. Insiders have sold 52,696 shares of company stock valued at $4,574,199 in the last quarter. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

A number of institutional investors have recently modified their holdings of the stock. Rise Advisors LLC raised its stake in shares of Brunswick by 249.5% in the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Mather Group LLC. acquired a new stake in Brunswick during the first quarter worth about $162,000. CWM LLC raised its stake in Brunswick by 36.5% during the first quarter. CWM LLC now owns 1,205 shares of the company’s stock worth $116,000 after acquiring an additional 322 shares during the period. Quadrature Capital Ltd raised its stake in Brunswick by 66.8% during the fourth quarter. Quadrature Capital Ltd now owns 8,385 shares of the company’s stock worth $811,000 after acquiring an additional 3,359 shares during the period. Finally, FIL Ltd raised its stake in Brunswick by 16.4% during the fourth quarter. FIL Ltd now owns 62,651 shares of the company’s stock worth $6,061,000 after acquiring an additional 8,848 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

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.