Brokerages Set Brunswick Co. (NYSE:BC) Target Price at $88.21

Brunswick Co. (NYSE:BC) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $88.21.

Several research analysts have commented on the company. B. Riley reduced their price objective on Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Citigroup decreased their price objective on Brunswick from $100.00 to $88.00 and set a “buy” rating for the company in a report on Monday, July 8th. Robert W. Baird lowered their price objective on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Stifel Nicolaus cut their target price on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, Benchmark restated a “buy” rating and issued a $100.00 price target on shares of Brunswick in a report on Friday, July 26th.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 358 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $81.34, for a total value of $29,119.72. Following the sale, the director now owns 23,877 shares in the company, valued at $1,942,155.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 BC. Principal Securities Inc. purchased a new stake in Brunswick in the 4th quarter worth $28,000. Johnson Financial Group Inc. purchased a new stake in shares of Brunswick during the fourth quarter worth about $30,000. Rise Advisors LLC raised its position in shares of Brunswick by 249.5% during the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 232 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Brunswick by 43,700.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after buying an additional 437 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its stake in Brunswick by 77.1% in the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock valued at $58,000 after buying an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Trading Up 4.4 %

Shares of BC opened at $79.15 on Thursday. The company’s fifty day simple moving average is $77.22 and its 200-day simple moving average is $81.01. The company has a market cap of $5.24 billion, a P/E ratio of 14.71 and a beta of 1.51. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. Brunswick has a twelve month low of $66.47 and a twelve month high of $99.68.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.10). Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. As a group, analysts expect that Brunswick will post 5.26 EPS for the current year.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st were paid a $0.42 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.12%. Brunswick’s payout ratio is currently 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.