Roth Mkm Cuts Brunswick (NYSE:BC) Price Target to $85.00

Brunswick (NYSE:BC) had its price target decreased by Roth Mkm from $91.00 to $85.00 in a research report released on Friday,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

BC has been the subject of several other research reports. Citigroup increased their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. DA Davidson dropped their price target on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $95.00 to $88.00 in a research report on Tuesday, November 26th. Truist Financial dropped their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley reduced their price target on Brunswick from $78.00 to $64.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.77.

Brunswick Price Performance

BC stock opened at $68.24 on Friday. The firm has a market cap of $4.50 billion, a P/E ratio of 16.97 and a beta of 1.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. Brunswick has a 1 year low of $62.64 and a 1 year high of $96.65. The stock has a 50-day simple moving average of $71.52 and a 200-day simple moving average of $76.86.

Insider Activity at Brunswick

In other news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction dated 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. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 251,094 shares in the company, valued at approximately $20,142,760.68. This trade represents a 8.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BC. V Square Quantitative Management LLC acquired a new stake in shares of Brunswick in the third quarter valued at approximately $26,000. Armstrong Advisory Group Inc. acquired a new stake in Brunswick in the 4th quarter valued at approximately $39,000. Avior Wealth Management LLC raised its stake in Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares in the last quarter. Covestor Ltd boosted its position in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after acquiring an additional 843 shares during the period. Finally, GAMMA Investing LLC grew its stake 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 purchasing an additional 555 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

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.