Brunswick Co. (NYSE:BC) has been assigned a consensus recommendation of “Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $68.14.
A number of research analysts have recently commented on BC shares. B. Riley reaffirmed a “buy” rating on shares of Brunswick in a research report on Thursday, December 27th. Wells Fargo & Co cut their price objective on shares of Brunswick from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, December 18th. TheStreet raised shares of Brunswick from a “c” rating to a “b-” rating in a research report on Thursday, January 31st. Zacks Investment Research lowered shares of Brunswick from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, ValuEngine lowered shares of Brunswick from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd.
Shares of BC opened at $52.56 on Friday. The stock has a market cap of $4.62 billion, a PE ratio of 11.02, a P/E/G ratio of 0.98 and a beta of 1.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 0.75. Brunswick has a 52 week low of $41.92 and a 52 week high of $69.82.
Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, January 31st. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.08. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.25 billion. Brunswick had a net margin of 5.20% and a return on equity of 27.37%. During the same quarter in the prior year, the business earned $0.70 earnings per share. Equities analysts predict that Brunswick will post 5 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 26th were paid a $0.21 dividend. The ex-dividend date was Monday, February 25th. This represents a $0.84 dividend on an annualized basis and a yield of 1.60%. Brunswick’s payout ratio is currently 17.61%.
In related news, VP Christopher F. Dekker sold 1,599 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $49.94, for a total value of $79,854.06. Following the sale, the vice president now owns 32,323 shares of the company’s stock, valued at $1,614,210.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its stake in Brunswick by 4,579.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,604,197 shares of the company’s stock worth $35,000 after buying an additional 1,569,918 shares during the last quarter. First Mercantile Trust Co. grew its stake in Brunswick by 15.7% during the fourth quarter. First Mercantile Trust Co. now owns 2,140 shares of the company’s stock worth $99,000 after buying an additional 290 shares during the last quarter. TLP Group LLC bought a new stake in Brunswick during the third quarter worth about $149,000. Rehmann Capital Advisory Group grew its stake in Brunswick by 207.5% during the third quarter. Rehmann Capital Advisory Group now owns 2,580 shares of the company’s stock worth $173,000 after buying an additional 1,741 shares during the last quarter. Finally, Freestone Capital Holdings LLC bought a new stake in Brunswick during the third quarter worth about $211,000. 95.29% of the stock is currently owned by hedge funds and other institutional investors.
Brunswick Company Profile
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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