Brunswick (NYSE:BC) Coverage Initiated at Benchmark

Research analysts at Benchmark started coverage on shares of Brunswick (NYSE:BC) in a research report issued on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $100.00 price target on the stock. Benchmark’s price objective would suggest a potential upside of 23.56% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. B. Riley raised shares of Brunswick from a “neutral” rating to a “buy” rating and lifted their target price for the company from $100.00 to $108.00 in a research note on Tuesday, February 20th. DA Davidson reiterated a “neutral” rating and issued a $77.00 target price on shares of Brunswick in a report on Friday, March 15th. BNP Paribas reiterated a “neutral” rating and issued a $82.00 target price (down previously from $94.00) on shares of Brunswick in a report on Monday, April 15th. Roth Mkm reiterated a “buy” rating and issued a $94.00 target price on shares of Brunswick in a report on Thursday, April 25th. Finally, Truist Financial dropped their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.38.

Brunswick Trading Down 0.8 %

Shares of Brunswick stock opened at $80.93 on Wednesday. The company has a market capitalization of $5.47 billion, a P/E ratio of 15.04 and a beta of 1.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.68 and a quick ratio of 0.75. Brunswick has a 1 year low of $66.47 and a 1 year high of $99.68. The business has a 50 day moving average price of $86.94 and a 200 day moving average price of $86.18.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the firm earned $2.57 earnings per share. The firm’s quarterly revenue was down 21.7% on a year-over-year basis. Sell-side analysts anticipate that Brunswick will post 7.39 EPS for the current fiscal year.

Insider Buying and Selling at Brunswick

In other news, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $87.11, for a total value of $3,048,850.00. Following the completion of the transaction, the chief executive officer now owns 272,626 shares in the company, valued at $23,748,450.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO David M. Foulkes sold 35,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the completion of the transaction, the chief executive officer now owns 272,626 shares in the company, valued at $23,748,450.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nancy E. Cooper sold 357 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the sale, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,582 shares of company stock valued at $3,178,092. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Large investors have recently modified their holdings of the stock. Valley National Advisers Inc. bought a new position in Brunswick in the 3rd quarter valued at about $25,000. Principal Securities Inc. bought a new position in Brunswick in the 4th quarter valued at about $28,000. Johnson Financial Group Inc. bought a new position in Brunswick in the 4th quarter valued at about $30,000. Rise Advisors LLC increased its holdings in Brunswick by 249.5% in the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after buying an additional 232 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in Brunswick by 347.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock valued at $42,000 after buying an additional 337 shares during the period. 99.34% of the stock is owned by institutional investors.

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.