Brokerages Set Brunswick Co. (NYSE:BC) PT at $93.38

Shares of Brunswick Co. (NYSE:BCGet Free Report) have been assigned an average rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and seven have given 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 $93.38.

Several equities analysts recently commented on BC shares. Benchmark started coverage on Brunswick in a report on Wednesday, May 22nd. They issued a “buy” rating and a $100.00 target price on the stock. Roth Mkm restated a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a research note on Thursday, April 25th. DA Davidson restated a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a research note on Friday, March 15th. Morgan Stanley decreased their price objective on shares of Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, BNP Paribas restated a “neutral” rating and issued a $82.00 price objective (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th.

View Our Latest Stock Analysis on Brunswick

Brunswick Stock Down 1.0 %

Brunswick stock opened at $77.28 on Tuesday. Brunswick has a twelve month low of $66.47 and a twelve month high of $99.68. The stock’s fifty day simple moving average is $84.48 and its 200-day simple moving average is $86.57. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $5.22 billion, a P/E ratio of 14.36 and a beta of 1.55.

Brunswick (NYSE:BCGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations 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 period last year, the company earned $2.57 EPS. As a group, equities analysts expect that Brunswick will post 7.39 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be given a $0.42 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.68 dividend on an annualized basis and a yield of 2.17%. Brunswick’s payout ratio is currently 31.23%.

Insider Activity at Brunswick

In related news, Director Nancy E. Cooper sold 357 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the sale, the director now owns 23,211 shares in the company, valued at $1,864,771.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Brunswick news, VP Brenna Preisser sold 1,225 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $82.09, for a total value of $100,560.25. Following the completion of the transaction, the vice president now directly owns 58,076 shares of the company’s stock, valued at $4,767,458.84. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Nancy E. Cooper sold 357 shares of the stock in a transaction dated 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 transaction, the director now directly owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Brunswick by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock worth $185,483,000 after purchasing an additional 47,053 shares in the last quarter. Retirement Systems of Alabama grew its stake in Brunswick by 30.7% in the 4th quarter. Retirement Systems of Alabama now owns 178,984 shares of the company’s stock worth $17,317,000 after acquiring an additional 42,089 shares during the period. Alps Advisors Inc. grew its stake in Brunswick by 224.7% in the 3rd quarter. Alps Advisors Inc. now owns 49,446 shares of the company’s stock worth $3,906,000 after acquiring an additional 34,220 shares during the period. Chesapeake Capital Corp IL purchased a new stake in Brunswick in the 4th quarter worth approximately $800,000. Finally, Van ECK Associates Corp grew its stake in Brunswick by 78.7% in the 4th quarter. Van ECK Associates Corp now owns 55,646 shares of the company’s stock worth $5,384,000 after acquiring an additional 24,501 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Company Profile

(Get Free Report

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.

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Analyst Recommendations for Brunswick (NYSE:BC)

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