Brunswick Co. (NYSE:BC) Receives $92.83 Average Price Target from Brokerages

Brunswick Co. (NYSE:BC) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $92.83.

A number of analysts have issued reports on the company. B. Riley raised Brunswick from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $108.00 in a report on Tuesday, February 20th. Stifel Nicolaus boosted their target price on shares of Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. BNP Paribas reissued a “neutral” rating and issued a $82.00 price target (down from $94.00) on shares of Brunswick in a report on Monday, April 15th. DA Davidson restated a “neutral” rating and issued a $77.00 price target on shares of Brunswick in a research report on Friday, March 15th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $94.00 price objective on shares of Brunswick in a research report on Thursday, April 25th.

Insider Buying and Selling

In other news, EVP John G. Buelow sold 2,426 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the sale, the executive vice president now owns 14,199 shares in the company, valued at approximately $1,237,016.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Brunswick news, CFO Ryan M. Gwillim sold 9,036 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.10, for a total value of $787,035.60. Following the completion of the sale, the chief financial officer now owns 28,966 shares in the company, valued at approximately $2,522,938.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John G. Buelow sold 2,426 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the transaction, the executive vice president now owns 14,199 shares in the company, valued at $1,237,016.88. The disclosure for this sale can be found here. Insiders sold 48,044 shares of company stock worth $4,176,480 in the last 90 days. 0.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BC. Commonwealth Equity Services LLC lifted its stake in Brunswick by 3.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company’s stock valued at $1,304,000 after acquiring an additional 535 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Brunswick by 5.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,658 shares of the company’s stock worth $289,000 after purchasing an additional 205 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Brunswick by 2.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,488 shares of the company’s stock worth $434,000 after buying an additional 155 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Brunswick by 4.3% in the third quarter. Verdence Capital Advisors LLC now owns 3,645 shares of the company’s stock valued at $288,000 after buying an additional 149 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Brunswick by 19.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,071 shares of the company’s stock valued at $1,112,000 after buying an additional 2,328 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Trading Up 0.8 %

Shares of BC stock opened at $84.11 on Friday. Brunswick has a 12 month low of $66.47 and a 12 month high of $99.68. The company has a market cap of $5.68 billion, a PE ratio of 15.63 and a beta of 1.60. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $87.73 and its two-hundred day moving average is $85.80.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, April 25th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The business’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.57 earnings per share. Equities analysts predict that Brunswick will post 7.39 EPS for the current year.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be issued a $0.42 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. Brunswick’s payout ratio is presently 31.23%.

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.