Analysts Set Brunswick Co. (NYSE:BC) PT at $89.23

Brunswick Co. (NYSE:BC) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $88.54.

A number of analysts recently issued reports on the company. Benchmark reissued a “buy” rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $95.00 to $88.00 in a report on Tuesday. Finally, Citigroup boosted their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th.

Brunswick Trading Down 0.1 %

Shares of BC stock opened at $80.62 on Tuesday. Brunswick has a 1 year low of $69.05 and a 1 year high of $99.68. The company’s fifty day simple moving average is $81.87 and its two-hundred day simple moving average is $78.77. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 20.05 and a beta of 1.51.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a yield of 2.08%. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Insider Activity at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock valued at $2,321,176 over the last 90 days. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Baillie Gifford & Co. grew its position in Brunswick by 88.0% during the 2nd quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock worth $176,903,000 after acquiring an additional 1,137,568 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Brunswick by 17.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock valued at $259,010,000 after purchasing an additional 452,116 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Brunswick by 1,120.5% in the third quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock worth $29,725,000 after purchasing an additional 325,574 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Brunswick by 447.5% in the third quarter. New York State Common Retirement Fund now owns 271,681 shares of the company’s stock worth $22,772,000 after buying an additional 222,062 shares during the period. Finally, Swedbank AB bought a new stake in Brunswick during the 1st quarter valued at $19,304,000. Hedge funds and other 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.