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

Shares of Brunswick Co. (NYSE:BC) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $81.62.

Several analysts have issued reports on BC shares. Morgan Stanley boosted their price objective on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Benchmark reduced their price objective on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 31st. DA Davidson lowered their target price on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Robert W. Baird set a $90.00 price target on shares of Brunswick in a research report on Friday, January 31st. Finally, B. Riley raised Brunswick to a “hold” rating in a report on Wednesday, February 12th.

Brunswick Trading Down 4.6 %

Shares of NYSE:BC opened at $53.40 on Monday. The firm has a market capitalization of $3.52 billion, a P/E ratio of 28.11 and a beta of 1.54. Brunswick has a 12-month low of $52.99 and a 12-month high of $96.51. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average of $62.35 and a two-hundred day moving average of $71.81.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter last year, the company earned $1.45 EPS. On average, equities analysts expect that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.22%. This is an increase from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is currently 90.53%.

Insider Buying and Selling at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the transaction, the director now owns 25,361 shares in the company, valued at $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. FIL Ltd grew its position in shares of Brunswick by 323.9% during the 4th quarter. FIL Ltd now owns 1,114,324 shares of the company’s stock worth $72,074,000 after purchasing an additional 851,449 shares in the last quarter. Turtle Creek Asset Management Inc. grew its position in Brunswick by 19.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company’s stock worth $191,806,000 after buying an additional 488,412 shares in the last quarter. Norges Bank bought a new position in Brunswick during the 4th quarter worth $30,097,000. Raymond James Financial Inc. acquired a new position in Brunswick in the 4th quarter valued at $29,646,000. Finally, Janus Henderson Group PLC lifted its position in shares of Brunswick by 1,120.5% during the 3rd quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock valued at $29,725,000 after acquiring an additional 325,574 shares during the period. 99.34% of the stock is owned by 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.