Brunswick Co. (NYSE:BC) Receives Consensus Rating of “Moderate Buy” from Analysts

Brunswick Co. (NYSE:BC) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $89.23.

Several analysts have recently commented on BC shares. B. Riley reduced their target price on Brunswick from $108.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. reduced their target price on Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Truist Financial reduced their target price on Brunswick from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Stifel Nicolaus cut their price target on Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Finally, Benchmark reiterated a “buy” rating and set a $100.00 price target on shares of Brunswick in a research note on Friday, July 26th.

Brunswick Trading Up 2.0 %

Shares of BC stock opened at $82.49 on Monday. Brunswick has a fifty-two week low of $66.47 and a fifty-two week high of $99.68. The company has a market cap of $5.57 billion, a PE ratio of 15.33 and a beta of 1.51. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.75 and a current ratio of 1.70. The stock’s fifty day moving average price is $79.01 and its two-hundred day moving average price is $80.09.

Brunswick (NYSE:BC) last posted its quarterly earnings data 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 the consensus estimate of $1.55 billion. During the same period last year, the business posted $2.35 earnings per share. The business’s revenue was down 15.2% on a year-over-year basis. Equities analysts predict that Brunswick will post 5.26 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.42 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.68 annualized dividend and a yield of 2.04%. Brunswick’s payout ratio is 31.23%.

Insider Activity

In related news, Director Nancy E. Cooper sold 358 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $81.34, for a total value of $29,119.72. Following the completion of the transaction, the director now directly owns 23,877 shares of the company’s stock, valued at $1,942,155.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

A number of institutional investors have recently made changes to their positions in BC. Vanguard Group Inc. boosted its holdings in Brunswick by 2.3% in the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock worth $701,331,000 after purchasing an additional 160,531 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Brunswick by 2.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,637,962 shares of the company’s stock valued at $191,964,000 after purchasing an additional 58,583 shares during the period. Baillie Gifford & Co. raised its position in shares of Brunswick by 88.0% during the 2nd quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock valued at $176,903,000 after purchasing an additional 1,137,568 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Brunswick by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock valued at $152,577,000 after purchasing an additional 144,416 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Brunswick by 4.1% during the 2nd quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock valued at $106,337,000 after purchasing an additional 57,605 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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.