David Foulkes Sells 38,266 Shares of Brunswick (NYSE:BC) Stock

Brunswick Corporation (NYSE:BC) CEO David Foulkes sold 38,266 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $86.56, for a total transaction of $3,312,304.96. Following the sale, the chief executive officer owned 271,169 shares in the company, valued at approximately $23,472,388.64. This trade represents a 12.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Brunswick Stock Up 1.5%

BC opened at $87.95 on Friday. The stock has a market cap of $5.72 billion, a PE ratio of -41.49 and a beta of 1.39. The company has a quick ratio of 0.61, a current ratio of 1.44 and a debt-to-equity ratio of 1.11. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $89.61. The business’s fifty day simple moving average is $79.62 and its 200 day simple moving average is $69.28.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.21 billion. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. As a group, research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BC shares. Roth Mkm restated a “buy” rating and issued a $94.00 price objective (up from $79.00) on shares of Brunswick in a report on Friday, January 30th. DA Davidson boosted their price target on shares of Brunswick from $68.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Wall Street Zen cut Brunswick from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. BMO Capital Markets lifted their price objective on Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, Griffin Securities set a $76.00 target price on Brunswick in a report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brunswick currently has an average rating of “Hold” and a consensus target price of $83.93.

Institutional Investors Weigh In On Brunswick

Institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Corp grew its position in Brunswick by 31.7% in the fourth quarter. First Horizon Corp now owns 548 shares of the company’s stock worth $41,000 after acquiring an additional 132 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Brunswick by 2.4% in the 4th quarter. Verdence Capital Advisors LLC now owns 6,783 shares of the company’s stock worth $504,000 after purchasing an additional 156 shares during the period. Farther Finance Advisors LLC increased its position in shares of Brunswick by 72.3% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock valued at $28,000 after purchasing an additional 159 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Brunswick by 50.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after purchasing an additional 166 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Brunswick by 15.2% during the 3rd quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock valued at $84,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.