Brunswick Co. (NYSE:BC) Receives $90.31 Average Target Price from Analysts

Brunswick Co. (NYSE:BC) has received an average rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $87.31.

Several equities research analysts recently weighed in on BC shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a $70.00 price objective (down previously from $115.00) on shares of Brunswick in a report on Friday. Roth Mkm reiterated a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a report on Thursday. Benchmark reissued a “buy” rating and set a $100.00 target price on shares of Brunswick in a report on Friday. Citigroup decreased their price target on Brunswick from $100.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Finally, JPMorgan Chase & Co. cut their price objective on Brunswick from $78.00 to $75.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th.

Brunswick Stock Up 1.2 %

Shares of Brunswick stock opened at $79.98 on Wednesday. Brunswick has a twelve month low of $66.47 and a twelve month high of $99.68. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 14.87 and a beta of 1.52. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. The business’s 50 day simple moving average is $76.11 and its 200-day simple moving average is $83.04.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.10). The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.55 billion. Brunswick had a return on equity of 23.46% and a net margin of 5.92%. Brunswick’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter last year, the company posted $2.35 EPS. Equities research analysts forecast that Brunswick will post 6.13 earnings per share for the current year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, August 21st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.68 dividend on an annualized basis and a yield of 2.10%. Brunswick’s dividend payout ratio is currently 31.23%.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 357 shares of Brunswick stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total value of $28,681.38. Following the transaction, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Brunswick news, Director Nancy E. Cooper sold 357 shares of Brunswick stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total transaction of $28,681.38. Following the transaction, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brenna Preisser sold 1,225 shares of Brunswick stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $82.09, for a total value of $100,560.25. Following the transaction, the vice president now directly owns 58,076 shares in the company, valued at approximately $4,767,458.84. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brunswick

Several institutional investors and hedge funds have recently bought and sold shares of BC. Jennison Associates LLC grew its stake in shares of Brunswick by 5.2% in the 1st quarter. Jennison Associates LLC now owns 848,728 shares of the company’s stock valued at $81,919,000 after buying an additional 42,332 shares in the last quarter. Hawk Ridge Capital Management LP bought a new stake in shares of Brunswick in the 4th quarter valued at approximately $5,777,000. Russell Investments Group Ltd. grew its stake in shares of Brunswick by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company’s stock valued at $7,942,000 after buying an additional 8,456 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Brunswick by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock valued at $701,331,000 after buying an additional 160,531 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Brunswick by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock valued at $185,483,000 after buying an additional 47,053 shares in the last quarter. Hedge funds and other 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.