Insider Selling: Dustan E. Mccoy Sells 12,000 Shares of Brunswick Corp. Stock (BC)
Brunswick Corp. (NYSE:BC) CEO Dustan E. Mccoy sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $43.34, for a total transaction of $520,080.00. Following the completion of the transaction, the chief executive officer now directly owns 512,136 shares in the company, valued at approximately $22,195,974. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on BC. Analysts at Ned Davis Research downgraded shares of Brunswick Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, January 13th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $43.00.
Brunswick Corp. (NYSE:BC) opened at 43.26 on Thursday. Brunswick Corp. has a one year low of $29.92 and a one year high of $47.08. The stock has a 50-day moving average of $43.04 and a 200-day moving average of $42.30. The company has a market cap of $3.976 billion and a P/E ratio of 5.27.
Brunswick Corp. (NYSE:BC) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.02. The company had revenue of $901.50 million for the quarter, compared to the consensus estimate of $872.30 million. On average, analysts predict that Brunswick Corp. will post $2.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 14th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, February 21st.
Brunswick Corporation (NYSE:BC) is a worldwide designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness equipment and bowling and billiards equipment.
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