Brunswick (NYSE:BC) Stock Rating Lowered by B. Riley

Brunswick (NYSE:BC) was downgraded by equities research analysts at B. Riley from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They presently have a $88.00 target price on the stock, down from their previous target price of $95.00. B. Riley’s target price would indicate a potential upside of 9.14% from the company’s previous close.

Several other analysts have also recently commented on BC. Northcoast Research upgraded 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. Benchmark reiterated a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. Finally, Citigroup raised their target price on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $88.54.

Brunswick Price Performance

Shares of NYSE:BC opened at $80.63 on Tuesday. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 20.23 and a beta of 1.51. Brunswick has a one year low of $69.05 and a one year high of $99.68. The company has a 50-day simple moving average of $81.90 and a 200-day simple moving average of $78.76. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction on Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the sale, the director now owns 19,218 shares of the company’s stock, valued at approximately $1,540,130.52. This trade represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 28,940 shares of company stock valued at $2,321,176. Corporate insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Institutional investors have recently modified their holdings of the business. Franklin Resources Inc. increased its position in Brunswick by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 233,128 shares of the company’s stock valued at $19,394,000 after acquiring an additional 5,604 shares during the period. Sanctuary Advisors LLC lifted its holdings in Brunswick by 12.1% in the third quarter. Sanctuary Advisors LLC now owns 12,808 shares of the company’s stock worth $1,055,000 after purchasing an additional 1,387 shares during the period. Barclays PLC grew its position in Brunswick by 78.6% in the 3rd quarter. Barclays PLC now owns 118,189 shares of the company’s stock valued at $9,907,000 after buying an additional 52,024 shares in the last quarter. MML Investors Services LLC increased its stake in Brunswick by 30.7% during the 3rd quarter. MML Investors Services LLC now owns 7,119 shares of the company’s stock valued at $597,000 after buying an additional 1,671 shares during the period. Finally, Orion Portfolio Solutions LLC increased its stake in shares of Brunswick by 26.5% during the third quarter. Orion Portfolio Solutions LLC now owns 7,087 shares of the company’s stock valued at $594,000 after acquiring an additional 1,484 shares during the period. Institutional investors own 99.34% of the company’s stock.

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.