Analysts Set Brunswick Co. (NYSE:BC) Target Price at $81.62

Shares of Brunswick Co. (NYSE:BC) have earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $79.00.

A number of research analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Morgan Stanley upped their price objective on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Citigroup dropped their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. DA Davidson reduced their price target on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Finally, Truist Financial dropped their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th.

Brunswick Price Performance

BC opened at $46.60 on Monday. The company has a 50 day moving average of $60.69 and a two-hundred day moving average of $70.97. Brunswick has a 52-week low of $42.83 and a 52-week high of $94.70. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The company has a market cap of $3.07 billion, a P/E ratio of 24.53 and a beta of 1.54.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter in the previous year, the business posted $1.45 earnings per share. On average, analysts expect that Brunswick will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.43 dividend. The ex-dividend date was Monday, February 24th. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 3.69%. Brunswick’s payout ratio is 90.53%.

Insider Buying and Selling

In other news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 26,683 shares in the company, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BC. Bank of Montreal Can increased its holdings in shares of Brunswick by 8.5% during the third quarter. Bank of Montreal Can now owns 43,592 shares of the company’s stock valued at $3,685,000 after purchasing an additional 3,399 shares during the period. BNP Paribas Financial Markets grew its position in Brunswick by 134.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,713 shares of the company’s stock valued at $563,000 after buying an additional 3,850 shares in the last quarter. Captrust Financial Advisors increased its stake in Brunswick by 13.6% during the 3rd quarter. Captrust Financial Advisors now owns 10,422 shares of the company’s stock valued at $874,000 after buying an additional 1,247 shares during the period. Verition Fund Management LLC acquired a new position in Brunswick during the 3rd quarter valued at about $5,280,000. Finally, Paloma Partners Management Co bought a new stake in shares of Brunswick during the 3rd quarter worth about $313,000. 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.