Brokerages Set Brunswick Co. (NYSE:BC) Target Price at $93.58

Brunswick Co. (NYSE:BC) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $92.69.

A number of equities analysts have recently weighed in on the company. Roth Mkm increased their target price on Brunswick from $85.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. BNP Paribas reissued a “neutral” rating and set a $82.00 target price (down previously from $94.00) on shares of Brunswick in a report on Monday. Truist Financial decreased their price target on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price objective on shares of Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Raymond James lowered shares of Brunswick from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 4th.

Insider Buying and Selling at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the transaction, the vice president now owns 35,176 shares in the company, valued at $2,973,427.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO David M. Foulkes sold 35,000 shares of Brunswick stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the sale, the chief executive officer now directly owns 272,626 shares of the company’s stock, valued at $23,748,450.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the sale, the vice president now owns 35,176 shares in the company, valued at $2,973,427.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,696 shares of company stock valued at $4,574,199. 0.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Brunswick

Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in Brunswick in the first quarter worth approximately $52,000. Bank of Montreal Can lifted its stake in shares of Brunswick by 140.4% in the first quarter. Bank of Montreal Can now owns 41,387 shares of the company’s stock valued at $3,496,000 after buying an additional 24,171 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Brunswick by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,255 shares of the company’s stock worth $2,286,000 after purchasing an additional 2,694 shares in the last quarter. BlackRock Inc. raised its position in Brunswick by 0.7% in the 1st quarter. BlackRock Inc. now owns 6,426,552 shares of the company’s stock valued at $519,843,000 after buying an additional 46,519 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Brunswick by 9.7% in the first quarter. Great West Life Assurance Co. Can now owns 45,006 shares of the company’s stock valued at $3,746,000 after purchasing an additional 3,992 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Brunswick Stock Down 2.5 %

BC stock opened at $82.78 on Monday. The business’s 50 day simple moving average is $89.44 and its 200 day simple moving average is $84.49. Brunswick has a 1-year low of $66.47 and a 1-year high of $99.68. The firm has a market capitalization of $5.70 billion, a PE ratio of 13.91 and a beta of 1.56. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.95.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.21). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. Brunswick had a net margin of 6.57% and a return on equity of 29.78%. Brunswick’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.99 earnings per share. As a group, research analysts anticipate that Brunswick will post 7.49 EPS for the current year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were paid a dividend of $0.42 per share. The ex-dividend date was Friday, February 23rd. This is a boost from Brunswick’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 2.03%. Brunswick’s dividend payout ratio is presently 28.24%.

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.