Brunswick Corporation (NYSE:BC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Brunswick Corporation is a manufacturer and marketer of leading consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. The company also owns and operates: Brunswick bowling centers across the United States and internationally; Land ‘N’ Sea, a distributor of marine parts and accessories; and Omni Fitness, a chain of specialty fitness equipment retail stores. “

BC has been the topic of a number of other research reports. BMO Capital Markets reiterated a “buy” rating and issued a $72.00 price target on shares of Brunswick Corporation in a research note on Monday, March 20th. Stifel Nicolaus reiterated an “outperform” rating and issued a $65.00 price target (up previously from $64.00) on shares of Brunswick Corporation in a research note on Friday, April 14th. Jefferies Group LLC restated a “hold” rating and set a $56.00 target price on shares of Brunswick Corporation in a research report on Friday, March 31st. Royal Bank Of Canada restated a “buy” rating and set a $65.00 target price on shares of Brunswick Corporation in a research report on Sunday, June 11th. Finally, Northcoast Research lowered shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a research report on Monday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $66.70.

Brunswick Corporation (BC) traded up 1.87% during midday trading on Tuesday, hitting $62.04. 1,858,475 shares of the company traded hands. The stock’s 50-day moving average price is $58.36 and its 200 day moving average price is $58.23. Brunswick Corporation has a 12-month low of $42.02 and a 12-month high of $63.82. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 20.60 and a beta of 1.83.

Brunswick Corporation (NYSE:BC) last announced its quarterly earnings results on Thursday, April 27th. The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Brunswick Corporation had a net margin of 6.03% and a return on equity of 23.15%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $0.71 EPS. On average, equities analysts forecast that Brunswick Corporation will post $4.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Tuesday, May 23rd were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.06%. The ex-dividend date was Friday, May 19th. Brunswick Corporation’s payout ratio is 22.00%.

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In other Brunswick Corporation news, insider John C. Pfeifer sold 2,346 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $58.26, for a total value of $136,677.96. Following the completion of the transaction, the insider now directly owns 44,488 shares in the company, valued at approximately $2,591,870.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Mark D. Schwabero sold 29,552 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $63.74, for a total transaction of $1,883,644.48. The disclosure for this sale can be found here. In the last three months, insiders sold 51,047 shares of company stock valued at $3,221,180. 1.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in BC. James Investment Research Inc. purchased a new stake in Brunswick Corporation during the first quarter valued at $145,000. Venturi Wealth Management LLC bought a new stake in Brunswick Corporation during the first quarter worth approximately $207,000. Envestnet Asset Management Inc. boosted its stake in Brunswick Corporation by 59.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,932 shares of the company’s stock worth $240,000 after buying an additional 1,472 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Brunswick Corporation during the first quarter worth approximately $271,000. Finally, Timber Hill LLC bought a new stake in Brunswick Corporation during the first quarter worth approximately $303,000. Hedge funds and other institutional investors own 98.97% of the company’s stock.

About Brunswick Corporation

Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.

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