Brunswick (NYSE:BC) Raised to Hold at B. Riley

Brunswick (NYSE:BC) was upgraded by equities researchers at B. Riley to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

BC has been the subject of a number of other reports. Truist Financial decreased their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. DA Davidson reduced their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Citigroup reduced their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Stifel Nicolaus reduced their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Roth Mkm reduced their target price on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.85.

Brunswick Stock Up 1.1 %

Shares of NYSE:BC opened at $64.95 on Wednesday. The firm has a market cap of $4.29 billion, a P/E ratio of 34.18 and a beta of 1.54. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. Brunswick has a 12-month low of $62.64 and a 12-month high of $96.65. The business has a fifty day simple moving average of $67.73 and a 200 day simple moving average of $75.76.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter last year, the company posted $1.45 earnings per share. Analysts predict that Brunswick will post 4.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new stake in Brunswick in the third quarter worth $26,000. Armstrong Advisory Group Inc. bought a new stake in Brunswick in the fourth quarter worth $39,000. Financial Perspectives Inc bought a new stake in Brunswick in the fourth quarter worth $42,000. Avior Wealth Management LLC raised its stake in shares of Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after acquiring an additional 843 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

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.