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

Shares of Brunswick Co. (NYSE:BC) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $88.15.

A number of equities analysts have issued reports on the company. Citigroup increased their target price on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Truist Financial decreased their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Benchmark restated a “buy” rating and issued a $100.00 target price on shares of Brunswick in a research note on Friday, October 25th. Finally, B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th.

Insider Transactions at Brunswick

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were 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 in the company, valued at approximately $1,540,130.52. This trade represents a 19.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the transaction, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock worth $2,321,176 in the last ninety days. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Brunswick during the 3rd quarter worth approximately $26,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Brunswick during the fourth quarter worth $39,000. Avior Wealth Management LLC boosted its position in shares of Brunswick by 1,073.7% in the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares during the period. Covestor Ltd grew its stake in shares of Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after acquiring an additional 843 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Brunswick by 92.5% during the third 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. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Up 2.2 %

Shares of BC stock opened at $65.73 on Wednesday. Brunswick has a 12-month low of $62.64 and a 12-month high of $96.65. 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 firm has a fifty day moving average of $74.16 and a 200-day moving average of $77.04. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 16.35 and a beta of 1.54.

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.