Brunswick Co. (NYSE:BC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Brunswick Co. (NYSE:BC) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $88.15.

BC has been the topic of a number of recent analyst reports. B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Benchmark reiterated a “buy” rating and issued a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. Truist Financial dropped their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Finally, Citigroup lifted their target price on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th.

Brunswick Price Performance

Brunswick stock opened at $65.73 on Wednesday. The firm has a market cap of $4.34 billion, a PE ratio of 16.35 and a beta of 1.54. 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’s fifty day moving average price is $74.16 and its two-hundred day moving average price is $77.04. Brunswick has a one year low of $62.64 and a one year high of $96.65.

Insider Activity

In related news, CEO David M. Foulkes sold 23,829 shares of Brunswick stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the transaction, the chief executive officer now owns 251,094 shares in the company, valued at $20,142,760.68. This trade represents a 8.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the sale, the director now owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock worth $2,321,176 in the last three months. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

A number of hedge funds have recently modified their holdings of BC. V Square Quantitative Management LLC purchased a new stake in shares of Brunswick during the third quarter worth about $26,000. Armstrong Advisory Group Inc. bought a new position in Brunswick during the 4th quarter valued at approximately $39,000. Avior Wealth Management LLC lifted its holdings in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after buying an additional 612 shares during the period. Covestor Ltd grew its position in shares of Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Brunswick by 92.5% during the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after buying an additional 555 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.