Brunswick Corporation (NYSE:BC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

BC has been the subject of a number of other reports. Forward View set a $60.00 price target on Brunswick Corporation and gave the company a “hold” rating in a research report on Sunday, July 30th. BidaskClub downgraded Brunswick Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded Brunswick Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 price target on shares of Brunswick Corporation in a research report on Wednesday, July 12th. Finally, Northcoast Research downgraded Brunswick Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. Brunswick Corporation presently has an average rating of “Buy” and an average price target of $65.93.

Brunswick Corporation (NYSE:BC) traded up 1.05% on Wednesday, hitting $55.06. The company had a trading volume of 1,113,136 shares. The stock has a 50 day moving average of $53.64 and a 200-day moving average of $57.82. The stock has a market capitalization of $4.88 billion, a PE ratio of 17.47 and a beta of 1.82. Brunswick Corporation has a one year low of $42.02 and a one year high of $63.82.

Brunswick Corporation (NYSE:BC) last issued its quarterly earnings results on Thursday, July 27th. The company reported $1.35 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.02. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. Brunswick Corporation’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the business posted $1.17 earnings per share. Equities analysts anticipate that Brunswick Corporation will post $4.05 EPS for the current year.

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In other news, Chairman Mark D. Schwabero sold 2,738 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $63.72, for a total value of $174,465.36. Following the completion of the transaction, the chairman now directly owns 219,783 shares of the company’s stock, valued at $14,004,572.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark D. Schwabero sold 3,289 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $63.73, for a total value of $209,607.97. Following the completion of the transaction, the chairman now directly owns 219,799 shares of the company’s stock, valued at $14,007,790.27. The disclosure for this sale can be found here. Insiders sold 35,579 shares of company stock valued at $2,267,718 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in shares of Brunswick Corporation in the second quarter worth $134,000. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Brunswick Corporation by 149.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after acquiring an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Brunswick Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after acquiring an additional 280 shares during the period. Advisor Group Inc. boosted its holdings in shares of Brunswick Corporation by 2.7% in the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after acquiring an additional 87 shares during the period. Finally, Pitcairn Co. bought a new position in shares of Brunswick Corporation in the second quarter worth $213,000. 93.99% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Brunswick Corporation (NYSE:BC)

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