Brunswick (NYSE:BC) Stock Rating Reaffirmed by Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of Brunswick (NYSE:BC) in a report issued on Friday, Benzinga reports. They currently have a $70.00 target price on the stock, down from their previous target price of $115.00.

A number of other research firms have also commented on BC. Morgan Stanley decreased their price objective on shares of Brunswick from $91.00 to $86.00 and set an equal weight rating for the company in a research note on Friday, April 26th. BNP Paribas reaffirmed a neutral rating and issued a $82.00 price objective (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. JPMorgan Chase & Co. decreased their price objective on shares of Brunswick from $78.00 to $75.00 and set a neutral rating for the company in a research note on Wednesday. Stifel Nicolaus decreased their target price on shares of Brunswick from $97.00 to $95.00 and set a buy rating for the company in a research note on Friday, July 12th. Finally, B. Riley decreased their target price on shares of Brunswick from $108.00 to $97.00 and set a buy rating for the company in a research note on Wednesday, July 10th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $88.57.

Brunswick Trading Up 1.2 %

Brunswick stock opened at $80.00 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.75 and a current ratio of 1.70. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 14.87 and a beta of 1.52. Brunswick has a 1 year low of $66.47 and a 1 year high of $99.68. The firm’s 50 day moving average price is $76.11 and its two-hundred day moving average price is $83.13.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business posted $2.35 EPS. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. On average, research analysts predict that Brunswick will post 5.25 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, August 21st will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, August 21st. Brunswick’s payout ratio is presently 31.23%.

Insider Activity at Brunswick

In related news, VP Brenna Preisser sold 1,225 shares of Brunswick stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $82.09, for a total value of $100,560.25. Following the completion of the sale, the vice president now owns 58,076 shares of the company’s stock, valued at approximately $4,767,458.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Brenna Preisser sold 1,225 shares of Brunswick stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $82.09, for a total value of $100,560.25. Following the transaction, the vice president now owns 58,076 shares in the company, valued at approximately $4,767,458.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy E. Cooper sold 357 shares of Brunswick stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the transaction, the director now owns 23,211 shares in the company, valued at approximately $1,864,771.74. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BC. Jennison Associates LLC increased its holdings in shares of Brunswick by 5.2% during the 1st quarter. Jennison Associates LLC now owns 848,728 shares of the company’s stock worth $81,919,000 after purchasing an additional 42,332 shares during the period. Hawk Ridge Capital Management LP bought a new position in shares of Brunswick during the 4th quarter worth about $5,777,000. Russell Investments Group Ltd. increased its holdings in shares of Brunswick by 11.4% during the 1st quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company’s stock worth $7,942,000 after purchasing an additional 8,456 shares during the period. Vanguard Group Inc. increased its holdings in shares of Brunswick by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock worth $701,331,000 after purchasing an additional 160,531 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Brunswick by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock worth $185,483,000 after purchasing an additional 47,053 shares during the period. Institutional investors own 99.34% of the company’s stock.

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.