Several other research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a report on Tuesday, June 11th. TheStreet cut shares of Trinity Industries from a b rating to a c rating in a report on Thursday, April 25th. Northcoast Research reaffirmed a neutral rating on shares of Advance Auto Parts in a report on Thursday, June 27th. Longbow Research set a $68.00 price objective on shares of Brunswick and gave the company a buy rating in a report on Friday, April 26th. Finally, Wedbush reissued a buy rating and set a $36.00 price objective on shares of Allena Pharmaceuticals in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Brunswick presently has a consensus rating of Buy and an average price target of $62.72.
Shares of Brunswick stock opened at $46.14 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.61 and a quick ratio of 0.79. The stock has a market capitalization of $3.89 billion, a PE ratio of 9.67, a PEG ratio of 0.96 and a beta of 1.70. Brunswick has a 52-week low of $41.02 and a 52-week high of $69.82. The business has a 50-day moving average price of $44.44.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 21st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.84 annualized dividend and a dividend yield of 1.82%. Brunswick’s payout ratio is 17.61%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in Brunswick by 2.6% during the fourth quarter. BlackRock Inc. now owns 7,669,657 shares of the company’s stock valued at $356,255,000 after buying an additional 196,332 shares during the period. FMR LLC grew its position in Brunswick by 45.0% during the first quarter. FMR LLC now owns 3,012,240 shares of the company’s stock valued at $151,605,000 after buying an additional 934,679 shares during the period. Lakewood Capital Management LP grew its position in Brunswick by 55.0% during the fourth quarter. Lakewood Capital Management LP now owns 2,211,257 shares of the company’s stock valued at $102,713,000 after buying an additional 785,000 shares during the period. TimesSquare Capital Management LLC grew its position in Brunswick by 4.8% during the first quarter. TimesSquare Capital Management LLC now owns 1,953,440 shares of the company’s stock valued at $98,317,000 after buying an additional 89,350 shares during the period. Finally, Impala Asset Management LLC grew its position in Brunswick by 621.7% during the first quarter. Impala Asset Management LLC now owns 1,324,580 shares of the company’s stock valued at $66,666,000 after buying an additional 1,141,053 shares during the period. Institutional investors own 93.07% of the company’s stock.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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