Brunswick Corporation (NYSE:BC) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Brunswick Corporation (NYSE:BC) from a sell rating to a hold rating in a research report report published on Wednesday, October 18th.

According to Zacks, “Brunswick Corporation is a manufacturer and marketer of leading consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. The company also owns and operates: Brunswick bowling centers across the United States and internationally; Land ‘N’ Sea, a distributor of marine parts and accessories; and Omni Fitness, a chain of specialty fitness equipment retail stores. “

Several other equities analysts have also issued reports on BC. Aegis restated a buy rating and set a $73.00 price target on shares of Brunswick Corporation in a research report on Thursday, August 17th. BidaskClub upgraded Brunswick Corporation from a buy rating to a strong-buy rating in a research report on Thursday, July 6th. ValuEngine lowered Brunswick Corporation from a buy rating to a hold rating in a research report on Wednesday, September 20th. Forward View upgraded Brunswick Corporation from a hold rating to a buy rating and set a $60.00 price target on the stock in a research report on Sunday, September 3rd. Finally, Northcoast Research cut Brunswick Corporation from a buy rating to a neutral rating in a report on Monday, July 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $62.50.

Shares of Brunswick Corporation (BC) traded up $0.07 during midday trading on Wednesday, reaching $51.63. The company’s stock had a trading volume of 1,336,519 shares, compared to its average volume of 1,350,000. The company has a market cap of $4,580.00, a price-to-earnings ratio of 13.68, a P/E/G ratio of 0.82 and a beta of 1.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 0.95. Brunswick Corporation has a fifty-two week low of $42.02 and a fifty-two week high of $63.82.

Brunswick Corporation (NYSE:BC) last announced its earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. Brunswick Corporation’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 earnings per share. sell-side analysts expect that Brunswick Corporation will post 3.86 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be issued a $0.19 dividend. This is a positive change from Brunswick Corporation’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, November 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.47%. Brunswick Corporation’s dividend payout ratio (DPR) is presently 21.22%.

Several institutional investors have recently bought and sold shares of BC. Advisors Asset Management Inc. bought a new stake in shares of Brunswick Corporation in the second quarter worth $134,000. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Brunswick Corporation by 149.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after acquiring an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Brunswick Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after acquiring an additional 280 shares during the period. Advisor Group Inc. grew its holdings in shares of Brunswick Corporation by 2.7% in the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after acquiring an additional 87 shares during the period. Finally, Pitcairn Co. bought a new stake in shares of Brunswick Corporation in the second quarter worth $213,000. 93.43% of the stock is owned by institutional investors and hedge funds.

Brunswick Corporation Company Profile

Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.

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