Brunswick Co. (NYSE:BC) Director Sells $28,681.38 in Stock

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the sale, the director now owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Brunswick Trading Up 0.3 %

Brunswick stock opened at $81.37 on Friday. The business has a 50 day moving average price of $88.38 and a two-hundred day moving average price of $85.02. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 1.16. Brunswick Co. has a 12 month low of $66.47 and a 12 month high of $99.68. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 15.12 and a beta of 1.60.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.57 earnings per share. As a group, equities analysts forecast that Brunswick Co. will post 7.39 EPS for the current year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, May 10th. Brunswick’s payout ratio is 31.23%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BC shares. DA Davidson restated a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a research note on Friday, March 15th. B. Riley raised shares of Brunswick from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $108.00 in a research report on Tuesday, February 20th. Roth Mkm reaffirmed a “buy” rating and issued a $94.00 price target on shares of Brunswick in a research report on Thursday, April 25th. Truist Financial cut their price objective on Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, Stifel Nicolaus raised their target price on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brunswick has a consensus rating of “Moderate Buy” and a consensus price target of $92.83.

Institutional Trading of Brunswick

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BC. FMR LLC boosted its stake in Brunswick by 140.4% in the 3rd quarter. FMR LLC now owns 3,435,357 shares of the company’s stock valued at $271,393,000 after buying an additional 2,006,578 shares in the last quarter. American Century Companies Inc. increased its position in shares of Brunswick by 0.5% during the 3rd quarter. American Century Companies Inc. now owns 1,972,076 shares of the company’s stock worth $155,794,000 after purchasing an additional 9,465 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Brunswick by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock valued at $185,483,000 after purchasing an additional 47,053 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Brunswick in the first quarter valued at about $124,840,000. Finally, Victory Capital Management Inc. grew its stake in Brunswick by 32.1% during the fourth quarter. Victory Capital Management Inc. now owns 1,144,308 shares of the company’s stock worth $110,712,000 after buying an additional 278,082 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

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.