Brunswick Co. (NYSE:BC) Receives $71.31 Average PT from Analysts

Brunswick Co. (NYSE:BC) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $70.00.

Several research analysts recently weighed in on BC shares. Citigroup boosted their price target on shares of Brunswick from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson restated a “neutral” rating and set a $43.00 price target (down from $64.00) on shares of Brunswick in a report on Monday, April 28th. Robert W. Baird boosted their price target on shares of Brunswick from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Benchmark started coverage on shares of Brunswick in a report on Monday, April 28th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Baird R W cut shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th.

Insider Buying and Selling at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the business’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the transaction, the vice president now directly owns 44,466 shares in the company, valued at $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in Brunswick by 4,972.7% in the first quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $30,000 after acquiring an additional 547 shares during the last quarter. UMB Bank n.a. raised its position in shares of Brunswick by 695.7% in the first quarter. UMB Bank n.a. now owns 732 shares of the company’s stock valued at $39,000 after purchasing an additional 640 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after purchasing an additional 601 shares during the period. First Horizon Advisors Inc. raised its position in shares of Brunswick by 171.6% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock valued at $41,000 after purchasing an additional 477 shares during the period. Finally, Financial Perspectives Inc bought a new stake in shares of Brunswick in the fourth quarter valued at approximately $42,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Stock Up 2.6%

Shares of NYSE BC opened at $57.08 on Friday. The stock has a market capitalization of $3.75 billion, a P/E ratio of 30.04 and a beta of 1.27. The company has a 50-day moving average price of $49.68 and a 200-day moving average price of $58.84. Brunswick has a 1 year low of $41.00 and a 1 year high of $87.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.31. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The business’s revenue was down 10.5% on a year-over-year basis. During the same period last year, the company earned $1.35 earnings per share. On average, equities research analysts forecast that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Monday, May 19th. Brunswick’s payout ratio is 142.15%.

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.