Brunswick (NYSE:BC) Price Target Cut to $85.00 by Analysts at Truist Financial

Brunswick (NYSE:BC) had its price target dropped by research analysts at Truist Financial from $90.00 to $85.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 28.24% from the stock’s current price.

BC has been the topic of several other research reports. Benchmark restated a “buy” rating and set a $100.00 target price on shares of Brunswick in a report on Friday, October 25th. Citigroup increased their target price on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.15.

Brunswick Trading Up 0.1 %

Shares of NYSE:BC traded up $0.04 during trading on Tuesday, reaching $66.28. 80,992 shares of the stock were exchanged, compared to its average volume of 565,972. The firm’s 50-day moving average price is $75.80 and its 200 day moving average price is $77.32. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 16.49 and a beta of 1.54. Brunswick has a 12-month low of $63.08 and a 12-month high of $96.65. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

Insider Buying and Selling

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the company’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 value 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 $20,142,760.68. This represents a 8.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of Brunswick 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 transaction, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade 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. 0.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brunswick

Large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of Brunswick during the third quarter worth $26,000. Avior Wealth Management LLC raised its holdings in Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after buying an additional 612 shares during the period. Covestor Ltd boosted its holdings in shares of Brunswick by 669.0% in 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 period. GAMMA Investing LLC boosted its holdings in shares of Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after buying an additional 555 shares during the period. Finally, CWM LLC raised its holdings in shares of Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after acquiring an additional 235 shares during the period. Institutional investors own 99.34% of the company’s stock.

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.