Brokerages Set Brunswick Co. (NYSE:BC) Price Target at $93.58

Shares of Brunswick Co. (NYSE:BC) have been given a consensus recommendation of “Moderate Buy” by the eleven analysts that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $93.58.

Several equities analysts have weighed in on the company. Raymond James downgraded Brunswick from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 4th. B. Riley raised Brunswick from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $108.00 in a research report on Tuesday, February 20th. DA Davidson reaffirmed a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a research report on Friday, March 15th. Truist Financial reduced their target price on Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Finally, Stifel Nicolaus lifted their target price on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, January 17th.

Brunswick Stock Performance

Shares of BC stock opened at $95.70 on Thursday. The stock has a fifty day moving average price of $87.36 and a 200 day moving average price of $83.06. The stock has a market cap of $6.58 billion, a PE ratio of 16.08 and a beta of 1.55. Brunswick has a 1 year low of $66.47 and a 1 year high of $99.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.21). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 earnings per share. Sell-side analysts forecast that Brunswick will post 7.49 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were paid a $0.42 dividend. This is a boost from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.68 annualized dividend and a dividend yield of 1.76%. Brunswick’s payout ratio is 28.24%.

Insider Buying and Selling

In related news, CEO David M. Foulkes sold 35,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $87.11, for a total value of $3,048,850.00. Following 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 legal filing with the SEC, which is available at this hyperlink. In related news, VP Christopher F. Dekker sold 6,234 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the sale, the vice president now directly owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David M. Foulkes sold 35,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 272,626 shares of the company’s stock, valued at $23,748,450.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,696 shares of company stock worth $4,574,199. 0.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Brunswick

Several hedge funds and other institutional investors have recently bought and sold shares of BC. Alps Advisors Inc. grew its holdings in shares of Brunswick by 224.7% during the third quarter. Alps Advisors Inc. now owns 49,446 shares of the company’s stock valued at $3,906,000 after purchasing an additional 34,220 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Brunswick by 127.6% during the third quarter. Victory Capital Management Inc. now owns 866,226 shares of the company’s stock valued at $68,432,000 after purchasing an additional 485,588 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Brunswick by 29.5% during the third quarter. Envestnet Asset Management Inc. now owns 144,584 shares of the company’s stock valued at $11,422,000 after purchasing an additional 32,901 shares during the last quarter. UBS Group AG grew its holdings in shares of Brunswick by 52.2% during the third quarter. UBS Group AG now owns 95,593 shares of the company’s stock valued at $7,552,000 after purchasing an additional 32,771 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. grew its holdings in shares of Brunswick by 12.1% during the third quarter. Mesirow Institutional Investment Management Inc. now owns 167,736 shares of the company’s stock valued at $13,251,000 after purchasing an additional 18,150 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

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.