Brunswick Corporation (NYSE:BC) had its price target boosted by Stifel Nicolaus from $66.00 to $68.00 in a research report report published on Friday, July 14th, Marketbeat.com reports. They currently have a buy rating on the stock.
BC has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a buy rating and set a $65.00 target price on shares of Brunswick Corporation in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Brunswick Corporation from a sell rating to a hold rating in a research report on Monday, May 1st. BMO Capital Markets reiterated a buy rating and set a $72.00 target price on shares of Brunswick Corporation in a research report on Monday, March 20th. Northcoast Research lowered 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. Finally, B. Riley restated a buy rating and issued a $72.00 price objective on shares of Brunswick Corporation in a report on Friday, April 28th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $65.82.
Brunswick Corporation (NYSE BC) traded down 0.41% on Friday, reaching $55.76. 552,665 shares of the company traded hands. Brunswick Corporation has a one year low of $42.02 and a one year high of $63.82. The company has a market capitalization of $5.01 billion, a PE ratio of 17.69 and a beta of 1.81. The stock’s 50 day moving average price is $60.77 and its 200 day moving average price is $59.11.
Brunswick Corporation (NYSE:BC) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The business’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. On average, equities research analysts predict that Brunswick Corporation will post $4.04 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, August 18th. Brunswick Corporation’s payout ratio is 20.95%.
In other Brunswick Corporation news, Chairman Mark D. Schwabero sold 29,552 shares of Brunswick Corporation stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $63.74, for a total value of $1,883,644.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Metzger sold 559 shares of Brunswick Corporation stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $62.50, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 53,785 shares of company stock valued at $3,395,646 over the last three months. Corporate insiders own 1.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new position in Brunswick Corporation during the second quarter valued at $134,000. James Investment Research Inc. bought a new position in shares of Brunswick Corporation during the first quarter valued at about $145,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 valued at $202,000 after buying an additional 280 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Brunswick Corporation during the first quarter valued at about $207,000. Finally, Pitcairn Co. bought a new position in shares of Brunswick Corporation during the second quarter valued at about $213,000. 99.59% of the stock is owned by institutional investors.
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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