Analysts Set Brunswick Co. (NYSE:BC) Price Target at $88.54

Shares of Brunswick Co. (NYSE:BC) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $88.54.

BC has been the topic of a number of recent analyst reports. 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. Benchmark reiterated a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Finally, B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction on Friday, November 1st. The shares were 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. The trade was a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the sale, the director now directly owns 19,218 shares of the company’s stock, valued at approximately $1,540,130.52. The trade was a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,940 shares of company stock worth $2,321,176. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

A number of institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in shares of Brunswick during the 3rd quarter valued at $26,000. Avior Wealth Management LLC raised its stake in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares during the period. Covestor Ltd lifted its holdings in Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after purchasing an additional 843 shares during the last quarter. GAMMA Investing LLC boosted its position in Brunswick by 92.5% during the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after purchasing an additional 555 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Brunswick by 47.0% in the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after purchasing an additional 483 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Price Performance

Shares of NYSE BC opened at $65.85 on Friday. The stock has a market capitalization of $4.34 billion, a PE ratio of 16.38 and a beta of 1.50. Brunswick has a fifty-two week low of $65.36 and a fifty-two week high of $99.68. 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 has a fifty day moving average price of $79.09 and a two-hundred day moving average price of $78.03.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, November 20th. Brunswick’s dividend payout ratio is 41.79%.

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.