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

Shares of Brunswick Co. (NYSE:BC) have been given an average rating of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $89.23.

Several research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Monday, July 29th. Finally, Citigroup raised their price objective on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th.

Brunswick Stock Up 4.2 %

Shares of Brunswick stock opened at $85.82 on Tuesday. Brunswick has a 52-week low of $69.05 and a 52-week high of $99.68. The company has a 50 day moving average of $81.92 and a 200 day moving average of $78.78. 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 $5.66 billion, a P/E ratio of 21.35 and a beta of 1.51.

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 given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s dividend payout ratio (DPR) is presently 41.79%.

Insider Buying and Selling at Brunswick

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the sale, the director now owns 19,218 shares of the company’s stock, valued at $1,540,130.52. The trade was a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the transaction, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock valued at $2,321,176 in the last ninety days. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

A number of institutional investors have recently added to or reduced their stakes in BC. Sanctuary Advisors LLC lifted its holdings in shares of Brunswick by 12.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,808 shares of the company’s stock valued at $1,055,000 after buying an additional 1,387 shares during the period. Barclays PLC raised its position in Brunswick by 78.6% in the third quarter. Barclays PLC now owns 118,189 shares of the company’s stock worth $9,907,000 after acquiring an additional 52,024 shares in the last quarter. MML Investors Services LLC lifted its holdings in Brunswick by 30.7% in the third quarter. MML Investors Services LLC now owns 7,119 shares of the company’s stock valued at $597,000 after acquiring an additional 1,671 shares during the period. Orion Portfolio Solutions LLC boosted its position in shares of Brunswick by 26.5% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,087 shares of the company’s stock worth $594,000 after purchasing an additional 1,484 shares in the last quarter. Finally, Castleark Management LLC acquired a new position in shares of Brunswick during the 3rd quarter worth $3,743,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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.