Brunswick (NYSE:BC) Stock: Insider David Foulkes Sells 48,134 Shares

Brunswick Corporation (NYSE:BC) CEO David Foulkes sold 48,134 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $78.98, for a total value of $3,801,623.32. Following the sale, the chief executive officer directly owned 221,047 shares in the company, valued at approximately $17,458,292.06. This trade represents a 17.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Brunswick Trading Down 2.1%

Shares of BC stock opened at $77.26 on Friday. Brunswick Corporation has a twelve month low of $59.06 and a twelve month high of $90.25. The stock’s fifty day simple moving average is $68.79 and its 200 day simple moving average is $77.23. The company has a quick ratio of 0.62, a current ratio of 1.51 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $5.01 billion, a P/E ratio of 23.92 and a beta of 1.40.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, October 29th. The company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.35 by $0.23. Brunswick had a return on equity of 17.51% and a net margin of 3.69%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $0.97 earnings per share. The business’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that Brunswick Corporation will post 4.66 EPS for the current fiscal year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, November 24th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $1.76 annualized dividend and a dividend yield of 2.3%. Brunswick’s dividend payout ratio is currently 54.49%.

Institutional Trading of Brunswick

A number of institutional investors have recently bought and sold shares of BC. Summit Securities Group LLC acquired a new stake in Brunswick during the 1st quarter worth about $27,000. Millstone Evans Group LLC acquired a new position in shares of Brunswick in the 1st quarter valued at about $29,000. Root Financial Partners LLC acquired a new position in shares of Brunswick in the 3rd quarter valued at about $30,000. Reyes Financial Architecture Inc. bought a new stake in shares of Brunswick during the 3rd quarter valued at about $31,000. Finally, CoreCap Advisors LLC boosted its position in shares of Brunswick by 162.7% during the 3rd quarter. CoreCap Advisors LLC now owns 528 shares of the company’s stock valued at $34,000 after purchasing an additional 327 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BC. William Blair set a $94.00 target price on shares of Brunswick in a research report on Thursday, August 13th. Weiss Ratings restated a “sell (d+)” rating on shares of Brunswick in a research report on Monday, September 21st. Citigroup dropped their price target on shares of Brunswick from $101.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. DA Davidson reiterated a “neutral” rating and set a $76.00 price target on shares of Brunswick in a report on Monday, August 17th. Finally, Morgan Stanley set a $74.00 price objective on shares of Brunswick in a research note on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.75.

Brunswick Company Profile

Brunswick Corporation (NYSE:BC) is a marine recreation company that designs, manufactures and distributes products used in boating and related recreational activities. Its portfolio includes marine propulsion systems, boats, engines, electronics, boat control systems and other components, as well as parts and accessories.

The company’s marine businesses include Mercury Marine, which produces outboard, sterndrive and inboard engines, and a range of boat brands such as Boston Whaler, Sea Ray, Bayliner, Lund, Harris and Princecraft.