Insider Selling: Brunswick (NYSE:BC) VP Sells $435,239.78 in Stock

Brunswick Corporation (NYSE:BC) VP Christopher Dekker sold 4,981 shares of Brunswick stock in a transaction on Friday, February 6th. The shares were sold at an average price of $87.38, for a total value of $435,239.78. Following the sale, the vice president directly owned 39,740 shares in the company, valued at $3,472,481.20. The trade was a 11.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brunswick Trading Up 0.0%

NYSE:BC opened at $86.72 on Thursday. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of -40.91 and a beta of 1.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 1.44. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $89.61. The business has a fifty day moving average of $80.72 and a 200-day moving average of $69.82.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. Equities analysts predict that Brunswick Corporation will post 4.19 earnings per share for the current year.

Institutional Trading of Brunswick

A number of hedge funds have recently bought and sold shares of the company. Empowered Funds LLC increased its position in shares of Brunswick by 123.3% in the fourth quarter. Empowered Funds LLC now owns 16,639 shares of the company’s stock worth $1,235,000 after acquiring an additional 9,187 shares in the last quarter. Focus Partners Advisor Solutions LLC purchased a new position in Brunswick during the 4th quarter worth approximately $364,000. Fox Run Management L.L.C. acquired a new stake in Brunswick during the 4th quarter valued at $652,000. Cerity Partners LLC lifted its holdings in shares of Brunswick by 17.2% in the fourth quarter. Cerity Partners LLC now owns 47,312 shares of the company’s stock valued at $3,512,000 after purchasing an additional 6,949 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Brunswick by 4.2% in the fourth quarter. LPL Financial LLC now owns 16,305 shares of the company’s stock worth $1,210,000 after buying an additional 659 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on BC. Wolfe Research set a $90.00 target price on Brunswick in a report on Monday, January 12th. Jefferies Financial Group set a $115.00 price objective on Brunswick and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Roth Mkm restated a “buy” rating and issued a $94.00 price objective (up previously from $79.00) on shares of Brunswick in a report on Friday, January 30th. Robert W. Baird set a $85.00 target price on Brunswick in a research note on Friday, January 30th. Finally, BMO Capital Markets lifted their target price on Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $83.93.

Brunswick Company Profile

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.