Insider Selling: Brunswick Co. (NYSE:BC) Director Sells 433 Shares of Stock

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the transaction, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Brunswick Stock Up 1.5 %

BC stock traded up $1.00 during trading hours on Tuesday, hitting $67.13. The company’s stock had a trading volume of 556,482 shares, compared to its average volume of 781,599. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average price of $69.97 and a two-hundred day moving average price of $76.40. The company has a market capitalization of $4.43 billion, a PE ratio of 35.33 and a beta of 1.54. Brunswick Co. has a 12 month low of $62.64 and a 12 month high of $96.65.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter in the previous year, the company earned $1.45 earnings per share. On average, equities research analysts expect that Brunswick Co. will post 4.3 earnings per share for the current year.

Institutional Trading of Brunswick

Hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its position in Brunswick by 0.5% in 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 raised its stake in shares of Brunswick by 2.8% in the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock worth $465,000 after buying an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Brunswick by 3.9% during 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 in the last quarter. Pacer Advisors Inc. grew its holdings in Brunswick by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after buying an additional 190 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Benchmark dropped their price objective on Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday. Stifel Nicolaus reduced their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Truist Financial cut their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. DA Davidson decreased their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Finally, Roth Mkm dropped their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.85.

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.