Brunswick (NYSE:BC) Sets New 52-Week Low – What’s Next?

Brunswick Co. (NYSE:BC) reached a new 52-week low during trading on Tuesday . The stock traded as low as $65.36 and last traded at $65.85, with a volume of 665015 shares. The stock had previously closed at $66.75.

Analyst Ratings Changes

Several equities analysts have issued reports on BC shares. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and dropped their price target for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Citigroup increased their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Benchmark reaffirmed a “buy” rating and issued a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Brunswick currently has an average rating of “Moderate Buy” and a consensus target price of $88.54.

Brunswick Trading Up 0.2 %

The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $4.35 billion, a P/E ratio of 16.42 and a beta of 1.50. The firm’s 50-day moving average price is $78.39 and its 200 day moving average price is $77.87.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Insider Activity

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 19,218 shares of the company’s stock, valued at $1,540,130.52. This represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the sale, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock worth $2,321,176 over the last 90 days. 0.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brunswick

Several large investors have recently made changes to their positions in BC. V Square Quantitative Management LLC purchased a new stake in shares of Brunswick during the 3rd quarter worth approximately $26,000. Avior Wealth Management LLC grew its holdings in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after purchasing an additional 612 shares during the period. Covestor Ltd increased its position in Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after buying an additional 555 shares during the period. Finally, CWM LLC lifted its position in shares of Brunswick by 21.6% during the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after buying an additional 235 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Company Profile

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.