Brokerages Set Brunswick Co. (NYSE:BC) Price Target at $93.58

Shares of Brunswick Co. (NYSE:BC) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $92.69.

Several equities research analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Truist Financial lowered their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 2nd. BNP Paribas reiterated a “neutral” rating and set a $82.00 target price (down previously from $94.00) on shares of Brunswick in a report on Monday. Raymond James lowered Brunswick from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Finally, DA Davidson restated a “neutral” rating and set a $77.00 price target on shares of Brunswick in a research report on Friday, March 15th.

Brunswick Trading Down 2.5 %

NYSE BC opened at $82.78 on Monday. The stock has a market cap of $5.70 billion, a P/E ratio of 13.91 and a beta of 1.56. Brunswick has a fifty-two week low of $66.47 and a fifty-two week high of $99.68. The stock has a 50 day simple moving average of $89.44 and a two-hundred day simple moving average of $84.49. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, February 1st. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.44 billion. Brunswick had a net margin of 6.57% and a return on equity of 29.78%. Brunswick’s revenue was down 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.99 EPS. On average, analysts forecast that Brunswick will post 7.49 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Friday, February 23rd. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. Brunswick’s payout ratio is currently 28.24%.

Insider Buying and Selling

In related news, VP Christopher F. Dekker sold 6,234 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the transaction, the vice president now directly owns 35,176 shares in the company, valued at approximately $2,973,427.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Christopher F. Dekker sold 6,234 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the transaction, the vice president now directly owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David M. Foulkes sold 35,000 shares of Brunswick stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $87.11, for a total value of $3,048,850.00. Following the completion of the sale, the chief executive officer now owns 272,626 shares of the company’s stock, valued at $23,748,450.86. The disclosure for this sale can be found here. Insiders have sold a total of 52,696 shares of company stock worth $4,574,199 in the last quarter. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

A number of large investors have recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in shares of Brunswick in the fourth quarter worth $28,000. Johnson Financial Group Inc. bought a new stake in shares of Brunswick during the 4th quarter valued at about $30,000. Valley National Advisers Inc. purchased a new stake in shares of Brunswick during the 3rd quarter valued at about $25,000. Rise Advisors LLC lifted its stake in shares of Brunswick by 249.5% in the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 232 shares during the period. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Brunswick by 347.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock worth $42,000 after purchasing an additional 337 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Brunswick Company Profile

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.