Brunswick Co. (NYSE:BC) Receives $92.83 Consensus Target Price from Brokerages

Shares of Brunswick Co. (NYSE:BC) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $92.83.

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

Brunswick Price Performance

BC stock opened at $70.82 on Friday. The firm has a market cap of $4.79 billion, a P/E ratio of 13.16 and a beta of 1.52. The firm’s fifty day moving average is $78.78 and its 200 day moving average is $85.61. Brunswick has a 52 week low of $66.47 and a 52 week high of $99.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.75 and a current ratio of 1.68.

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

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Friday, May 10th. Brunswick’s payout ratio is currently 31.23%.

Insider Buying and Selling at Brunswick

In related news, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction 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 sale, the vice president now directly owns 58,076 shares of the company’s stock, valued at $4,767,458.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Brenna Preisser sold 1,225 shares of Brunswick stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $82.09, for a total transaction of $100,560.25. Following the completion of the transaction, the vice president now directly owns 58,076 shares of the company’s stock, valued at approximately $4,767,458.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the sale, the director now owns 23,211 shares in the company, valued at approximately $1,864,771.74. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Several hedge funds have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. lifted its stake in shares of Brunswick by 4.4% in the fourth quarter. Raymond James Trust N.A. now owns 2,863 shares of the company’s stock worth $277,000 after buying an additional 120 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Brunswick by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 32,157 shares of the company’s stock valued at $2,540,000 after acquiring an additional 163 shares in the last quarter. Inspire Advisors LLC boosted its stake in Brunswick by 7.9% during the 1st quarter. Inspire Advisors LLC now owns 2,268 shares of the company’s stock valued at $219,000 after purchasing an additional 166 shares during the last quarter. Cubic Asset Management LLC increased its holdings in shares of Brunswick by 4.4% in the 4th quarter. Cubic Asset Management LLC now owns 4,185 shares of the company’s stock worth $405,000 after purchasing an additional 175 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Brunswick by 7.3% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,905 shares of the company’s stock worth $280,000 after purchasing an additional 197 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

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.