Brunswick (NYSE:BC) Stock Rating Lowered by B. Riley

Brunswick (NYSE:BC) was downgraded by equities research analysts at B. Riley from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. They currently have a $88.00 price objective on the stock, down from their prior price objective of $95.00. B. Riley’s target price suggests a potential upside of 2.54% from the stock’s previous close.

Several other research analysts also recently issued reports on BC. Benchmark restated a “buy” rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. Citigroup boosted their price target on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.54.

Brunswick Trading Up 4.2 %

Shares of BC stock opened at $85.82 on Tuesday. The firm has a market capitalization of $5.66 billion, a P/E ratio of 21.35 and a beta of 1.51. Brunswick has a 1 year low of $69.05 and a 1 year high of $99.68. The firm’s fifty day simple moving average is $81.92 and its 200 day simple moving average is $78.78. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Insider Buying and Selling at Brunswick

In other news, CEO David M. Foulkes sold 23,829 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock worth $2,321,176 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its stake in shares of Brunswick by 0.5% during the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after purchasing an additional 145 shares during the last quarter. Inspire Investing LLC lifted its holdings in Brunswick by 2.8% during the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock worth $465,000 after buying an additional 153 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Brunswick by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after buying an additional 174 shares during the last quarter. Comerica Bank increased its stake in shares of Brunswick by 0.6% in the 1st quarter. Comerica Bank now owns 35,548 shares of the company’s stock valued at $3,431,000 after buying an additional 205 shares during the period. Finally, CWM LLC raised its position in shares of Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after acquiring an additional 235 shares during the last quarter. 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.