Brunswick (NYSE:BC) CEO Sells $3,312,304.96 in Stock

Brunswick Corporation (NYSE:BC) CEO David Foulkes sold 38,266 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $86.56, for a total transaction of $3,312,304.96. Following the completion of the sale, the chief executive officer owned 271,169 shares in the company, valued at approximately $23,472,388.64. This trade represents a 12.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Brunswick Stock Up 1.5%

Shares of Brunswick stock opened at $87.95 on Monday. The business has a 50-day moving average price of $79.62 and a 200 day moving average price of $69.32. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $89.61. The firm has a market cap of $5.72 billion, a P/E ratio of -41.49 and a beta of 1.39. The company has a quick ratio of 0.61, a current ratio of 1.44 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC) last released its earnings results on Thursday, January 29th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $0.24 EPS. Brunswick’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, sell-side analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on BC shares. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a report on Sunday, December 7th. Wolfe Research set a $90.00 price objective on shares of Brunswick in a research note on Monday, January 12th. Seaport Research Partners raised shares of Brunswick to a “strong-buy” rating in a report on Monday, December 8th. Morgan Stanley set a $81.00 target price on Brunswick in a report on Friday, January 16th. Finally, Jefferies Financial Group set a $115.00 price target on Brunswick and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $83.93.

Institutional Investors Weigh In On Brunswick

A number of hedge funds have recently made changes to their positions in BC. First Horizon Corp raised its stake in Brunswick by 31.7% during the 4th quarter. First Horizon Corp now owns 548 shares of the company’s stock valued at $41,000 after acquiring an additional 132 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Brunswick by 2.4% during the fourth quarter. Verdence Capital Advisors LLC now owns 6,783 shares of the company’s stock valued at $504,000 after purchasing an additional 156 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Brunswick by 72.3% during the fourth quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 159 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Brunswick by 50.6% during the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after purchasing an additional 166 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Brunswick by 15.2% in the third quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock worth $84,000 after purchasing an additional 176 shares during the period. Institutional investors own 99.34% of the company’s stock.

About Brunswick

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.