Insider Selling: Brunswick Co. (NYSE:BC) VP Sells 6,234 Shares of Stock

Brunswick Co. (NYSE:BCGet Free Report) VP Christopher F. Dekker sold 6,234 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the sale, the vice president now owns 35,176 shares in the company, valued at approximately $2,973,427.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Brunswick Price Performance

Shares of BC opened at $87.86 on Tuesday. The stock has a market capitalization of $6.14 billion, a P/E ratio of 14.77 and a beta of 1.55. Brunswick Co. has a twelve month low of $66.47 and a twelve month high of $99.68. The company has a 50 day moving average of $88.80 and a 200-day moving average of $81.61. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.95.

Brunswick (NYSE:BCGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.21). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.44 billion. Brunswick had a return on equity of 29.78% and a net margin of 6.57%. Brunswick’s revenue was down 14.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.99 earnings per share. As a group, equities research analysts forecast that Brunswick Co. will post 7.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Brunswick

Hedge funds and other institutional investors have recently made changes to their positions in the company. Valley National Advisers Inc. acquired a new stake in Brunswick during the 3rd quarter valued at $25,000. Principal Securities Inc. acquired a new stake in Brunswick during the 4th quarter valued at $28,000. Johnson Financial Group Inc. acquired a new stake in shares of Brunswick during the fourth quarter worth $30,000. Rockefeller Capital Management L.P. lifted its holdings in shares of Brunswick by 104.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock worth $36,000 after buying an additional 266 shares in the last quarter. Finally, Fred Alger Management LLC acquired a new stake in shares of Brunswick during the first quarter worth $40,000. 94.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BC has been the subject of a number of research analyst reports. Roth Mkm lifted their price target on Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a report on Friday, February 2nd. raised Brunswick from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Raymond James cut Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. B. Riley cut Brunswick from a “buy” rating to a “neutral” rating and set a $106.00 price objective for the company. in a report on Tuesday, January 2nd. Finally, Truist Financial lowered their price target on Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.91.

Check Out Our Latest Stock Analysis on BC

Brunswick Company Profile

(Get Free Report)

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through three segments: Propulsion, Parts & Accessories, and Boat. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.

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Insider Buying and Selling by Quarter for Brunswick (NYSE:BC)

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