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

Shares of Brunswick Co. (NYSE:BC) have received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $89.23.

A number of research firms recently issued reports on BC. B. Riley lowered their target price on Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. JPMorgan Chase & Co. dropped their target price on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus reduced their target price on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a report on Friday, July 12th. Jefferies Financial Group restated a “hold” rating and issued a $70.00 price target (down previously from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Finally, Robert W. Baird cut their price objective on Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, July 26th.

Insiders Place Their Bets

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the sale, the director now owns 19,218 shares in the company, valued at approximately $1,540,130.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in Brunswick in the 3rd quarter worth approximately $26,000. Allspring Global Investments Holdings LLC increased its position in Brunswick by 43,700.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after purchasing an additional 437 shares during the period. J.Safra Asset Management Corp raised its holdings in Brunswick by 77.1% during the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock worth $58,000 after purchasing an additional 262 shares during the last quarter. GAMMA Investing LLC lifted its position in Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after purchasing an additional 555 shares during the period. Finally, Fifth Third Bancorp boosted 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 valued at $110,000 after purchasing an additional 483 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Brunswick Price Performance

Shares of NYSE:BC opened at $79.77 on Friday. The stock’s 50 day moving average price is $80.63 and its 200 day moving average price is $78.95. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 0.75. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 19.84 and a beta of 1.51. Brunswick has a 12 month low of $67.95 and a 12 month high of $99.68.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, November 20th. Brunswick’s payout ratio 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.