Brunswick Co. (NYSE:BC) Given Average Rating of “Moderate Buy” by Analysts

Brunswick Co. (NYSE:BC) has earned a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $71.31.

BC has been the subject of several analyst reports. Truist Financial cut their price target on shares of Brunswick from $85.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. Baird R W downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Benchmark began coverage on shares of Brunswick in a report on Monday, April 28th. They set a “buy” rating and a $70.00 price objective for the company. BMO Capital Markets dropped their price objective on shares of Brunswick from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Finally, Jefferies Financial Group dropped their price objective on shares of Brunswick from $64.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, April 24th.

Insiders Place Their Bets

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the transaction, the vice president now owns 44,466 shares in the company, valued at approximately $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brunswick

Hedge funds have recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Brunswick by 4,972.7% in the first quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $30,000 after acquiring an additional 547 shares during the period. Financial Perspectives Inc purchased a new position in shares of Brunswick in the fourth quarter valued at about $42,000. Quarry LP purchased a new position in shares of Brunswick in the fourth quarter valued at about $45,000. Geneos Wealth Management Inc. increased its position in shares of Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after acquiring an additional 601 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Brunswick by 695.7% in the first quarter. UMB Bank n.a. now owns 732 shares of the company’s stock valued at $39,000 after acquiring an additional 640 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Stock Down 3.0%

Shares of NYSE:BC opened at $55.61 on Friday. The firm has a fifty day moving average price of $49.38 and a two-hundred day moving average price of $59.30. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. Brunswick has a one year low of $41.00 and a one year high of $87.65. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 29.27 and a beta of 1.27.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.25 by $0.31. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned $1.35 EPS. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. Analysts anticipate that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.09%. The ex-dividend date was Monday, May 19th. Brunswick’s dividend payout ratio is presently 142.15%.

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.