Brunswick (NYSE:BC) Sets New 52-Week Low – What’s Next?

Brunswick Co. (NYSE:BC) shares reached a new 52-week low on Tuesday . The stock traded as low as $65.36 and last traded at $65.85, with a volume of 665015 shares traded. The stock had previously closed at $66.75.

Analysts Set New Price Targets

A number of brokerages recently commented on BC. Citigroup upped their price target on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. B. Riley downgraded Brunswick from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Finally, Benchmark reiterated a “buy” rating and issued a $100.00 price target on shares of Brunswick in a research report on Friday, October 25th. Seven 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.54.

Brunswick Price Performance

The business has a 50 day simple moving average of $78.39 and a two-hundred day simple moving average of $77.87. The firm has a market capitalization of $4.35 billion, a P/E ratio of 16.42 and a beta of 1.50. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

Brunswick Announces Dividend

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

Insider Buying and Selling at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the sale, the director now 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. Insiders sold a total of 28,940 shares of company stock worth $2,321,176 over the last three months. 0.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Brunswick

Institutional investors and hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its position in Brunswick by 0.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after acquiring an additional 145 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Brunswick by 2.8% during the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after purchasing an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Brunswick by 3.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after purchasing an additional 174 shares during the last quarter. CWM LLC increased its stake in shares of Brunswick by 21.6% in the third quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after buying an additional 235 shares during the period. Finally, US Bancorp DE raised its holdings in Brunswick by 3.0% during the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company’s stock valued at $689,000 after buying an additional 241 shares during the last quarter. 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.