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

Shares of Brunswick Co. (NYSE:BC) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are presently covering the company, Marketbeat reports. Seven 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 objective among brokers that have covered the stock in the last year is $88.54.

BC has been the topic of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. Citigroup boosted 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, B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th.

Insider Activity at Brunswick

In related news, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the sale, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick 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 sale, the director now owns 19,218 shares of the company’s stock, valued at approximately $1,540,130.52. The trade was a 19.80 % 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 ninety days. Insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

Several large investors have recently modified their holdings of the stock. Sei Investments Co. increased its position in Brunswick by 7.6% in the 2nd quarter. Sei Investments Co. now owns 221,073 shares of the company’s stock valued at $16,087,000 after buying an additional 15,602 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Brunswick in the second quarter valued at approximately $8,289,000. Quest Partners LLC increased its holdings in shares of Brunswick by 99,353.8% during the second quarter. Quest Partners LLC now owns 12,929 shares of the company’s stock valued at $941,000 after acquiring an additional 12,916 shares in the last quarter. American Century Companies Inc. raised its position in shares of Brunswick by 4.1% during the second quarter. American Century Companies Inc. now owns 1,461,268 shares of the company’s stock worth $106,337,000 after purchasing an additional 57,605 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Brunswick by 20.8% during the second quarter. Bank of Montreal Can now owns 40,193 shares of the company’s stock worth $2,925,000 after purchasing an additional 6,922 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Performance

NYSE:BC opened at $65.99 on Friday. Brunswick has a twelve month low of $65.20 and a twelve month high of $99.68. 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 stock’s 50-day simple moving average is $78.39 and its 200 day simple moving average is $77.87. The firm has a market capitalization of $4.35 billion, a PE ratio of 16.42 and a beta of 1.50.

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 given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.55%. Brunswick’s dividend payout ratio (DPR) is 41.79%.

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.