Brunswick (NYSE:BC) Hits New 1-Year Low – Time to Sell?

Brunswick Co. (NYSE:BC) reached a new 52-week low during trading on Monday . The company traded as low as $63.08 and last traded at $63.74, with a volume of 88142 shares trading hands. The stock had previously closed at $64.70.

Analyst Ratings Changes

A number of brokerages have recently commented on BC. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Citigroup increased their price objective on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Benchmark reissued a “buy” rating and issued a $100.00 target price on shares of Brunswick in a report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.54.

Brunswick Stock Up 0.3 %

The firm’s 50-day simple moving average is $77.01 and its two-hundred day simple moving average is $77.58. 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 company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 16.09 and a beta of 1.50.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 20th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Wednesday, November 20th. Brunswick’s payout ratio is currently 41.79%.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction dated Friday, November 1st. The stock was 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 owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,940 shares of company stock worth $2,321,176. 0.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brunswick

Several institutional investors and hedge funds have recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of Brunswick by 7.6% in the second quarter. Sei Investments Co. now owns 221,073 shares of the company’s stock worth $16,087,000 after acquiring an additional 15,602 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Brunswick in the 2nd quarter worth $8,289,000. Quest Partners LLC raised its position in shares of Brunswick by 99,353.8% in the 2nd quarter. Quest Partners LLC now owns 12,929 shares of the company’s stock worth $941,000 after buying an additional 12,916 shares during the period. American Century Companies Inc. boosted its holdings in Brunswick by 4.1% in the second quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock valued at $106,337,000 after acquiring an additional 57,605 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Brunswick by 20.8% during the second quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock valued at $2,925,000 after acquiring an additional 6,922 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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.