Brunswick (NYSE:BC) Raised to “Hold” at B. Riley

Brunswick (NYSE:BC) was upgraded by research analysts at B. Riley to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Benchmark cut their price objective on Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. DA Davidson dropped their price target on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Truist Financial decreased their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Citigroup dropped their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, Roth Mkm decreased their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.85.

Brunswick Price Performance

Shares of Brunswick stock opened at $64.95 on Wednesday. The company has a market cap of $4.29 billion, a PE ratio of 34.18 and a beta of 1.54. The business has a 50 day moving average of $67.73 and a 200 day moving average of $75.76. Brunswick has a 52 week low of $62.64 and a 52 week high of $96.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same period last year, the firm posted $1.45 earnings per share. As a group, equities research analysts forecast that Brunswick will post 4.2 earnings per share for the current year.

Insider Activity

In related news, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BC. Oak Thistle LLC purchased a new position in shares of Brunswick during the fourth quarter valued at approximately $368,000. Global Alpha Capital Management Ltd. grew its position in Brunswick by 47.5% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock worth $20,128,000 after purchasing an additional 77,340 shares during the period. JPMorgan Chase & Co. raised its stake in Brunswick by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after buying an additional 102,780 shares during the last quarter. Barclays PLC lifted its holdings in shares of Brunswick by 78.6% during the 3rd quarter. Barclays PLC now owns 118,189 shares of the company’s stock valued at $9,907,000 after buying an additional 52,024 shares during the period. Finally, Markel Group Inc. purchased a new position in shares of Brunswick in the 3rd quarter worth $1,173,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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.