Somewhat Favorable Press Coverage Unlikely to Impact Brunswick Corporation (BC) Share Price

News headlines about Brunswick Corporation (NYSE:BC) have been trending somewhat positive on Monday, AlphaOne Sentiment reports. The research firm, a division of Accern, ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brunswick Corporation earned a news impact score of 0.19 on AlphaOne’s scale. AlphaOne also gave media stories about the company an impact score of 33 out of 100, meaning that recent news coverage is unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have impacted Alpha One Sentiment’s analysis:

Insider Buying and Selling by Quarter for Brunswick Corporation (NYSE:BC)

Brunswick Corporation (NYSE:BC) traded up 2.51% during trading on Monday, hitting $61.64. 930,955 shares of the company’s stock traded hands. Brunswick Corporation has a 12 month low of $41.19 and a 12 month high of $62.50. The company’s 50 day moving average is $57.07 and its 200-day moving average is $57.60. The stock has a market cap of $5.50 billion, a P/E ratio of 20.47 and a beta of 1.81.

Brunswick Corporation (NYSE:BC) last posted its earnings results on Thursday, April 27th. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Brunswick Corporation had a net margin of 6.03% and a return on equity of 23.15%. During the same period last year, the company posted $0.71 earnings per share. On average, analysts predict that Brunswick Corporation will post $4.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Tuesday, May 23rd were paid a dividend of $0.165 per share. The ex-dividend date was Friday, May 19th. This represents a $0.66 annualized dividend and a yield of 1.07%. Brunswick Corporation’s payout ratio is 22.00%.

A number of brokerages have weighed in on BC. B. Riley reiterated a “buy” rating and set a $72.00 price target on shares of Brunswick Corporation in a report on Wednesday, May 3rd. BidaskClub upgraded Brunswick Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Royal Bank Of Canada restated a “buy” rating and issued a $65.00 target price on shares of Brunswick Corporation in a research note on Sunday, June 11th. Stifel Nicolaus restated an “outperform” rating and issued a $65.00 target price (up from $64.00) on shares of Brunswick Corporation in a research note on Friday, April 14th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $56.00 target price on shares of Brunswick Corporation in a research note on Friday, March 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $64.64.

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In related news, insider William Metzger sold 559 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $62.50, for a total transaction of $34,937.50. Following the completion of the transaction, the insider now directly owns 115,673 shares of the company’s stock, valued at $7,229,562.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John C. Pfeifer sold 2,346 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $58.26, for a total transaction of $136,677.96. Following the transaction, the insider now directly owns 44,488 shares of the company’s stock, valued at $2,591,870.88. The disclosure for this sale can be found here. Insiders have sold 12,443 shares of company stock valued at $724,819 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

About Brunswick Corporation

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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