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

Brunswick Co. (NYSE:BC) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $89.23.

Several brokerages recently issued reports on BC. Benchmark reiterated a “buy” rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. B. Riley dropped their price target on shares of Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Robert W. Baird lowered their price target on Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Citigroup raised their price objective on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th.

Insider Buying and Selling

In other news, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now directly owns 24,557 shares in the company, valued at $1,969,225.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the completion of the sale, the chief executive officer now owns 251,094 shares of the company’s stock, valued at approximately $20,142,760.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. This represents a 0.00 % 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 valued at $2,321,176 over the last ninety days. Insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Brunswick by 2.3% during 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 period. Massachusetts Financial Services Co. MA raised its holdings in Brunswick by 2.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,637,962 shares of the company’s stock worth $191,964,000 after buying an additional 58,583 shares during the period. Baillie Gifford & Co. lifted its stake in Brunswick by 88.0% in the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock valued at $176,903,000 after buying an additional 1,137,568 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Brunswick by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock valued at $152,577,000 after buying an additional 144,416 shares during the period. Finally, American Century Companies Inc. increased its position in shares of Brunswick by 4.1% during the second quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock worth $106,337,000 after acquiring an additional 57,605 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of BC opened at $81.56 on Friday. Brunswick has a fifty-two week low of $69.05 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 company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 20.05 and a beta of 1.51. The business’s 50-day moving average is $80.67 and its 200-day moving average is $78.84.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is 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.