Brunswick (NYSE:BC) Stock Rating Upgraded by DA Davidson

Brunswick (NYSE:BC) was upgraded by equities research analysts at DA Davidson to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other research analysts have also recently issued reports on BC. B. Riley raised Brunswick to a “hold” rating in a report on Wednesday, February 12th. Morgan Stanley lifted their price target on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Roth Mkm decreased their price objective on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Truist Financial dropped their price objective on shares of Brunswick from $85.00 to $60.00 and set a “buy” rating for the company in a report on Monday. Finally, Stifel Nicolaus reduced their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $76.67.

Brunswick Stock Down 2.8 %

Shares of BC stock opened at $43.47 on Monday. The stock has a market cap of $2.86 billion, a P/E ratio of 22.88 and a beta of 1.42. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The stock has a fifty day moving average price of $56.52 and a 200 day moving average price of $68.59. Brunswick has a one year low of $41.00 and a one year high of $87.65.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter in the prior year, the business posted $1.45 earnings per share. Analysts predict that Brunswick will post 4.19 earnings per share for the current year.

Insider Activity

In related news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the sale, the director now directly owns 25,361 shares of the company’s stock, valued at $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brunswick

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BC. Oak Thistle LLC acquired a new stake in Brunswick in the fourth quarter worth $368,000. American Century Companies Inc. grew its stake in Brunswick by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,462,558 shares of the company’s stock valued at $94,599,000 after purchasing an additional 41,583 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Brunswick by 16.7% in the fourth quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock valued at $49,578,000 after buying an additional 109,728 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Brunswick during the 4th quarter worth about $2,827,000. Finally, Channing Capital Management LLC increased its position in Brunswick by 10.9% during the fourth quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company’s stock worth $66,305,000 after buying an additional 100,412 shares during the last quarter. Institutional investors 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.