Roth Mkm Reiterates Buy Rating for Brunswick (NYSE:BC)

Brunswick (NYSE:BC)‘s stock had its “buy” rating reissued by analysts at Roth Mkm in a note issued to investors on Thursday, Benzinga reports. They currently have a $94.00 price target on the stock. Roth Mkm’s target price points to a potential upside of 15.98% from the company’s previous close.

A number of other research firms have also weighed in on BC. B. Riley raised shares of Brunswick from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $108.00 in a report on Tuesday, February 20th. Raymond James downgraded Brunswick from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 4th. BNP Paribas reiterated a “neutral” rating and set a $82.00 price objective (down previously from $94.00) on shares of Brunswick in a research report on Monday, April 15th. 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 report on Wednesday, January 17th. Finally, Truist Financial decreased their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.83.

Brunswick Trading Up 1.3 %

Brunswick stock opened at $81.05 on Thursday. Brunswick has a 1 year low of $66.47 and a 1 year high of $99.68. The firm’s 50 day moving average price is $89.13 and its 200-day moving average price is $84.77. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 0.59. The stock has a market cap of $5.58 billion, a P/E ratio of 13.62 and a beta of 1.56.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the firm earned $2.57 EPS. The firm’s revenue for the quarter was down 21.7% compared to the same quarter last year. On average, equities analysts predict that Brunswick will post 7.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO David M. Foulkes sold 35,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were 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 in the company, valued at approximately $23,748,450.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Brunswick news, 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 transaction, the chief executive officer now owns 272,626 shares in the company, valued at $23,748,450.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the sale, the vice president now directly owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The disclosure for this sale can be found here. Insiders sold a total of 52,696 shares of company stock valued at $4,574,199 over the last three months. 0.81% of the stock is owned by company insiders.

Institutional Trading of Brunswick

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Prestige Wealth Management Group LLC raised its stake in Brunswick by 2,478.0% in the first quarter. Prestige Wealth Management Group LLC now owns 1,057 shares of the company’s stock valued at $102,000 after buying an additional 1,016 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Brunswick by 2.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 19,800 shares of the company’s stock worth $1,911,000 after purchasing an additional 500 shares in the last quarter. Valley National Advisers Inc. increased its stake in Brunswick by 47.0% during the 1st quarter. Valley National Advisers Inc. now owns 1,120 shares of the company’s stock valued at $108,000 after purchasing an additional 358 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Brunswick by 2.4% in the first quarter. State of Michigan Retirement System now owns 16,870 shares of the company’s stock worth $1,628,000 after buying an additional 400 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after buying an additional 437 shares during the last quarter. 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.