Brunswick Co. (NYSE:BC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Brunswick Co. (NYSE:BC) have received an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $88.54.

Several brokerages have recently issued reports on BC. B. Riley cut Brunswick from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Citigroup upped their price objective on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th.

Insider Transactions at Brunswick

In related news, CEO David M. Foulkes sold 23,829 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the completion of the sale, the chief executive officer now directly owns 251,094 shares in the company, valued at approximately $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock valued at $2,321,176 over the last 90 days. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

Several large investors have recently bought and sold shares of BC. V Square Quantitative Management LLC acquired a new position in shares of Brunswick during the 3rd quarter worth approximately $26,000. Avior Wealth Management LLC lifted its position in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after buying an additional 612 shares in the last quarter. Covestor Ltd boosted its stake in Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares during the last quarter. GAMMA Investing LLC grew its holdings in Brunswick by 92.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after buying an additional 555 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of Brunswick by 47.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after acquiring an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of NYSE BC opened at $79.92 on Tuesday. Brunswick has a fifty-two week low of $69.05 and a fifty-two week high of $99.68. The company has a market cap of $5.27 billion, a PE ratio of 19.88 and a beta of 1.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. The business has a 50-day simple moving average of $81.74 and a two-hundred day simple moving average of $78.70.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.10%. Brunswick’s dividend payout ratio (DPR) is 41.79%.

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.