Brunswick Co. (NYSE:BC) has been given a consensus recommendation of “Hold” by the fourteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $57.21.
A number of brokerages have recently weighed in on BC. Zacks Investment Research downgraded Brunswick from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Wells Fargo & Co dropped their target price on Brunswick from $64.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. SunTrust Banks dropped their target price on Brunswick to $62.00 and set a “buy” rating on the stock in a report on Friday, April 26th. They noted that the move was a valuation call. B. Riley set a $71.00 target price on Brunswick and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Wedbush set a $53.00 target price on Brunswick and gave the company an “outperform” rating in a report on Tuesday, July 2nd. They noted that the move was a valuation call.
Shares of BC traded up $0.26 during trading hours on Tuesday, reaching $43.32. The company’s stock had a trading volume of 8,267 shares, compared to its average volume of 1,592,135. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 1.11 and a beta of 1.70. Brunswick has a 1-year low of $41.02 and a 1-year high of $69.82. The company has a quick ratio of 1.19, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average of $46.28 and a two-hundred day moving average of $48.69.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 20th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.84 annualized dividend and a dividend yield of 1.94%. Brunswick’s payout ratio is 17.61%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BRYN MAWR TRUST Co raised its stake in shares of Brunswick by 0.6% in the second quarter. BRYN MAWR TRUST Co now owns 83,192 shares of the company’s stock valued at $3,818,000 after purchasing an additional 495 shares in the last quarter. Engine Capital Management LP acquired a new position in shares of Brunswick in the second quarter valued at $13,343,000. Nuveen Asset Management LLC raised its stake in shares of Brunswick by 19.6% in the second quarter. Nuveen Asset Management LLC now owns 461,855 shares of the company’s stock valued at $21,195,000 after purchasing an additional 75,629 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Brunswick by 74.7% in the second quarter. Jane Street Group LLC now owns 21,959 shares of the company’s stock valued at $1,007,000 after purchasing an additional 9,386 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Brunswick by 4,054.5% in the second quarter. Cubist Systematic Strategies LLC now owns 90,069 shares of the company’s stock valued at $4,133,000 after purchasing an additional 87,901 shares in the last quarter. 96.65% of the stock is owned by institutional investors and hedge funds.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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