Analysts Set Brunswick Co. (NYSE:BC) PT at $71.31

Brunswick Co. (NYSE:BC) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $70.00.

Several equities analysts recently commented on BC shares. 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 research note on Monday, April 14th. Baird R W lowered shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Benchmark initiated coverage on shares of Brunswick in a report on Monday, April 28th. They set a “buy” rating and a $70.00 price target on the stock. DA Davidson reiterated a “neutral” rating and set a $43.00 price target (down previously from $64.00) on shares of Brunswick in a report on Monday, April 28th. Finally, Robert W. Baird lifted their price target on shares of Brunswick from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, May 16th.

Brunswick Price Performance

Shares of NYSE:BC opened at $57.08 on Friday. The company has a market cap of $3.75 billion, a price-to-earnings ratio of 30.04 and a beta of 1.27. 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 firm has a 50 day simple moving average of $49.68 and a 200 day simple moving average of $58.84. Brunswick has a one year low of $41.00 and a one year high of $87.65.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.25 by $0.31. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.14 billion. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The firm’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 EPS. Research analysts predict that Brunswick will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Monday, May 19th. Brunswick’s dividend payout ratio is presently 142.15%.

Insider Buying and Selling

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of Brunswick stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of the sale, the vice president now directly owns 44,466 shares of the company’s stock, valued at approximately $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Brunswick

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its stake in Brunswick by 4,972.7% in the first quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $30,000 after purchasing an additional 547 shares in the last quarter. Financial Perspectives Inc bought a new stake in Brunswick in the fourth quarter valued at $42,000. Quarry LP acquired a new position in shares of Brunswick during the fourth quarter valued at about $45,000. Geneos Wealth Management Inc. grew its holdings in shares of Brunswick by 477.0% during the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after buying an additional 601 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Brunswick by 695.7% during the first quarter. UMB Bank n.a. now owns 732 shares of the company’s stock valued at $39,000 after buying an additional 640 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

About Brunswick

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.