Brunswick (NYSE:BC) VP Christopher Dekker Sells 4,981 Shares

Brunswick Corporation (NYSE:BC) VP Christopher Dekker sold 4,981 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $87.38, for a total value of $435,239.78. Following the transaction, the vice president owned 39,740 shares of the company’s stock, valued at approximately $3,472,481.20. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Brunswick Stock Down 0.8%

Shares of BC opened at $87.14 on Tuesday. The company’s 50-day moving average price is $80.02 and its 200 day moving average price is $69.51. Brunswick Corporation has a 12-month low of $41.00 and a 12-month high of $89.61. The company has a current ratio of 1.44, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The firm has a market cap of $5.67 billion, a P/E ratio of -41.10 and a beta of 1.39.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business earned $0.24 earnings per share. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. On average, sell-side analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BC shares. Griffin Securities set a $76.00 price objective on Brunswick in a research note on Monday, February 2nd. Wall Street Zen lowered shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. Morgan Stanley set a $81.00 price target on shares of Brunswick in a research report on Friday, January 16th. Loop Capital assumed coverage on shares of Brunswick in a report on Monday, December 22nd. They issued a “hold” rating and a $74.00 price objective for the company. Finally, Robert W. Baird set a $85.00 target price on shares of Brunswick in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $83.93.

Hedge Funds Weigh In On Brunswick

Several large investors have recently bought and sold shares of the business. First Horizon Corp purchased a new stake in Brunswick during the 3rd quarter worth about $26,000. Farther Finance Advisors LLC raised 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 worth $28,000 after acquiring an additional 159 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in Brunswick during the fourth quarter worth approximately $30,000. Jones Financial Companies Lllp lifted its stake in Brunswick by 50.6% during the third quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after purchasing an additional 166 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Brunswick in the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

About Brunswick

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.