Brunswick Corporation (NYSE:BC) has been given an average recommendation of “Buy” by the fourteen analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $65.45.
A number of equities research analysts have issued reports on BC shares. B. Riley reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a research report on Friday, April 28th. Zacks Investment Research raised shares of Brunswick Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Brunswick Corporation in a research report on Sunday, June 11th. BidaskClub raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Northcoast Research downgraded shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. They noted that the move was a valuation call.
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In related news, insider William Metzger sold 15,301 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $62.50, for a total transaction of $956,312.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark D. Schwabero sold 29,552 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $63.74, for a total transaction of $1,883,644.48. The disclosure for this sale can be found here. Insiders have sold a total of 51,439 shares of company stock valued at $3,258,968 over the last three months. Insiders own 1.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its stake in shares of Brunswick Corporation by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,641 shares of the company’s stock worth $1,936,000 after buying an additional 400 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Brunswick Corporation during the first quarter worth approximately $495,000. Punch & Associates Investment Management Inc. boosted its stake in shares of Brunswick Corporation by 0.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 84,614 shares of the company’s stock worth $5,178,000 after buying an additional 635 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Brunswick Corporation by 66.3% in the first quarter. Russell Investments Group Ltd. now owns 222,171 shares of the company’s stock worth $13,592,000 after buying an additional 88,584 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Brunswick Corporation by 76.8% in the first quarter. Janney Montgomery Scott LLC now owns 10,188 shares of the company’s stock worth $624,000 after buying an additional 4,427 shares during the last quarter. Institutional investors own 99.27% of the company’s stock.
Shares of Brunswick Corporation (NYSE:BC) traded up 0.94% during trading on Friday, hitting $51.35. The stock had a trading volume of 1,128,057 shares. The company has a market capitalization of $4.56 billion, a P/E ratio of 16.29 and a beta of 1.81. Brunswick Corporation has a 1-year low of $42.02 and a 1-year high of $63.82. The firm has a 50-day moving average of $58.60 and a 200 day moving average of $58.97.
Brunswick Corporation (NYSE:BC) last issued its quarterly earnings data on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities research analysts predict that Brunswick Corporation will post $4.05 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, August 18th. Brunswick Corporation’s dividend payout ratio is currently 20.95%.
Brunswick Corporation Company Profile
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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