Brunswick Co. (NYSE:BC) Given Consensus Rating of “Moderate Buy” by Brokerages

Brunswick Co. (NYSE:BC) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $81.62.

A number of research firms have recently weighed in on BC. B. Riley upgraded Brunswick to a “hold” rating in a research report on Wednesday, February 12th. DA Davidson dropped their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Stifel Nicolaus dropped their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Roth Mkm dropped their target price on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Finally, Morgan Stanley boosted their target price on Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st.

Brunswick Stock Performance

Shares of NYSE BC opened at $58.82 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 30.96 and a beta of 1.54. The business’s 50-day simple moving average is $64.90 and its 200-day simple moving average is $74.04. Brunswick has a 52 week low of $55.40 and a 52 week high of $96.65.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter last year, the business posted $1.45 EPS. As a group, equities research analysts expect that Brunswick will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a dividend of $0.43 per share. This is an increase from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.92%. Brunswick’s payout ratio is presently 90.53%.

Insider Activity at Brunswick

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the transaction, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the transaction, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brunswick

Several large investors have recently modified their holdings of the business. Armstrong Advisory Group Inc. bought a new position in shares of Brunswick during the 4th quarter worth approximately $39,000. Financial Perspectives Inc bought a new position in shares of Brunswick during the 4th quarter worth approximately $42,000. Quarry LP bought a new position in shares of Brunswick during the 4th quarter worth approximately $45,000. Avior Wealth Management LLC raised its stake in shares of Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after acquiring an additional 612 shares in the last quarter. Finally, Covestor Ltd grew its position in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after purchasing an additional 843 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

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.