Roth Mkm Has Lowered Expectations for Brunswick (NYSE:BC) Stock Price

Brunswick (NYSE:BC) had its target price reduced by equities researchers at Roth Mkm from $91.00 to $85.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price suggests a potential upside of 24.56% from the stock’s current price.

Several other brokerages have also commented on BC. B. Riley lowered shares of Brunswick from a “buy” rating to a “neutral” rating and cut their price target for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Stifel Nicolaus cut their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. DA Davidson decreased their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday. Benchmark reaffirmed a “buy” rating and set a $100.00 price target on shares of Brunswick in a research report on Friday, October 25th. Finally, Morgan Stanley decreased their price objective on Brunswick from $78.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Six 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 an average price target of $83.77.

Brunswick Stock Performance

NYSE:BC opened at $68.24 on Friday. The firm has a market capitalization of $4.50 billion, a PE ratio of 16.97 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 business’s fifty day moving average price is $71.52 and its 200 day moving average price is $76.82. Brunswick has a 12 month low of $62.64 and a 12 month high of $96.65.

Insider Buying and Selling

In related news, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Nancy E. Cooper sold 366 shares of the business’s 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 sale, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brunswick

Several institutional investors have recently modified their holdings of the company. Oak Thistle LLC purchased a new position in Brunswick during the 4th quarter valued at about $368,000. Sei Investments Co. grew 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 valued at $16,087,000 after purchasing an additional 15,602 shares during the last quarter. Bank of Montreal Can raised its position in shares of Brunswick by 20.8% during the 2nd quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock worth $2,925,000 after purchasing an additional 6,922 shares during the last quarter. Global Alpha Capital Management Ltd. lifted its stake in Brunswick by 47.5% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock valued at $20,128,000 after buying an additional 77,340 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Brunswick by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after buying an additional 102,780 shares during the last quarter. 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.