Brunswick Co. (NYSE:BC) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Brunswick Co. (NYSE:BC) have earned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $89.23.

BC has been the subject of a number of analyst reports. Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Roth Mkm reiterated a “buy” rating and issued a $94.00 price target on shares of Brunswick in a research note on Thursday, July 25th. B. Riley reduced their price objective on shares of Brunswick from $108.00 to $97.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Finally, Northcoast Research raised shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, July 29th.

Brunswick Trading Down 2.2 %

NYSE:BC opened at $79.77 on Friday. Brunswick has a 12-month low of $67.95 and a 12-month high of $99.68. The firm has a market cap of $5.28 billion, a PE ratio of 19.84 and a beta of 1.51. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. The stock has a fifty day moving average price of $80.63 and a 200 day moving average price of $78.95.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 annualized dividend and a yield of 2.11%. Brunswick’s dividend payout ratio is presently 41.79%.

Insider Transactions at Brunswick

In related news, Director Joseph W. Mcclanathan sold 4,745 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the completion of the sale, the director now directly owns 19,218 shares of the company’s stock, valued at $1,540,130.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new stake in shares of Brunswick during the third quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC increased its position in Brunswick by 43,700.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after acquiring an additional 437 shares during the period. J.Safra Asset Management Corp raised its stake in Brunswick by 77.1% during the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock valued at $58,000 after acquiring an additional 262 shares in the last quarter. GAMMA Investing LLC boosted its position in Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after acquiring an additional 555 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Brunswick by 47.0% in the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after purchasing an additional 483 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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.