Brunswick (NYSE:BC) Reaches New 52-Week Low – What’s Next?

Brunswick Co. (NYSE:BC)’s share price reached a new 52-week low on Friday . The company traded as low as $53.69 and last traded at $53.81, with a volume of 136415 shares. The stock had previously closed at $55.99.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BC. Roth Mkm lowered their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 24th. Benchmark dropped their target price on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 31st. Morgan Stanley increased their price target on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Robert W. Baird set a $90.00 price objective on shares of Brunswick in a research note on Friday, January 31st. Finally, B. Riley upgraded shares of Brunswick to a “hold” rating in a report on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Brunswick Trading Down 4.6 %

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The company has a 50 day moving average price of $62.35 and a two-hundred day moving average price of $71.83. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 28.11 and a beta of 1.54.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $1.45 EPS. On average, research analysts forecast that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.43 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 3.22%. This is an increase from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s payout ratio is currently 90.53%.

Insider Transactions at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nancy E. Cooper sold 433 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now directly owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Several large investors have recently added to or reduced their stakes in BC. Deutsche Bank AG boosted its holdings in shares of Brunswick by 0.6% during the fourth quarter. Deutsche Bank AG now owns 28,031 shares of the company’s stock worth $1,813,000 after purchasing an additional 160 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Brunswick by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after buying an additional 190 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Brunswick by 5.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the company’s stock valued at $316,000 after purchasing an additional 236 shares during the period. Xponance Inc. lifted its holdings in Brunswick by 4.9% in the 4th quarter. Xponance Inc. now owns 7,617 shares of the company’s stock worth $493,000 after buying an additional 359 shares in the last quarter. Finally, Snowden Capital Advisors LLC boosted its holdings in Brunswick by 6.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company’s stock valued at $407,000 after purchasing an additional 378 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other 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.