Brunswick Co. (NYSE:BC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Brunswick Co. (NYSE:BC) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $92.83.

A number of equities research analysts have recently weighed in on the company. Roth Mkm restated a “buy” rating and set a $94.00 price target on shares of Brunswick in a research note on Thursday, April 25th. DA Davidson restated a “neutral” rating and set a $77.00 price target on shares of Brunswick in a research note on Friday, March 15th. Benchmark assumed coverage on Brunswick in a research note on Wednesday, May 22nd. They set a “buy” rating and a $100.00 price target on the stock. Morgan Stanley dropped their price target on Brunswick from $91.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Finally, BNP Paribas restated a “neutral” rating and set a $82.00 price target (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the transaction, the director now directly owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Brenna Preisser sold 1,225 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total value of $100,560.25. Following the completion of the sale, the vice president now directly owns 58,076 shares in the company, valued at $4,767,458.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the sale, the director now owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Brunswick

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Brunswick by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock worth $701,331,000 after purchasing an additional 160,531 shares in the last quarter. American Century Companies Inc. increased its position in shares of Brunswick by 0.5% during the third quarter. American Century Companies Inc. now owns 1,972,076 shares of the company’s stock worth $155,794,000 after purchasing an additional 9,465 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brunswick by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock worth $185,483,000 after purchasing an additional 47,053 shares in the last quarter. Baillie Gifford & Co. purchased a new stake in shares of Brunswick during the first quarter worth approximately $124,840,000. Finally, Victory Capital Management Inc. increased its position in shares of Brunswick by 32.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,144,308 shares of the company’s stock worth $110,712,000 after purchasing an additional 278,082 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Price Performance

BC opened at $72.77 on Friday. The business’s 50-day moving average is $79.06 and its two-hundred day moving average is $85.79. Brunswick has a 1 year low of $66.47 and a 1 year high of $99.68. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.68 and a quick ratio of 0.75. The firm has a market capitalization of $4.92 billion, a PE ratio of 13.53 and a beta of 1.55.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, April 25th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the firm earned $2.57 EPS. Brunswick’s revenue for the quarter was down 21.7% on a year-over-year basis. Research analysts anticipate that Brunswick will post 7.39 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Friday, May 10th. Brunswick’s payout ratio is presently 31.23%.

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.