Brunswick Co. (NYSE:BC) Director Nancy E. Cooper Sells 433 Shares

Brunswick Co. (NYSE:BC - Get Free Report) Director Nancy E. Cooper sold 433 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now directly owns 25,361 shares in the company, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website.

Brunswick Stock Down 1.0 %

NYSE BC traded down $0.69 during trading on Friday, reaching $65.66. 635,093 shares of the company's stock traded hands, compared to its average volume of 744,441. The company's 50 day simple moving average is $68.84 and its two-hundred day simple moving average is $76.10. Brunswick Co. has a 12-month low of $62.64 and a 12-month high of $96.65. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 34.56 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS 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 period in the prior year, the business earned $1.45 earnings per share. As a group, sell-side analysts forecast that Brunswick Co. will post 4.2 EPS for the current fiscal year.

Institutional Trading of Brunswick

Several hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of Brunswick during the 3rd quarter worth approximately $26,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Brunswick during the 4th quarter valued at $39,000. Financial Perspectives Inc acquired a new stake in shares of Brunswick in the 4th quarter worth $42,000. Avior Wealth Management LLC grew 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 worth $56,000 after buying an additional 612 shares during the last quarter. Finally, Covestor Ltd increased its position in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company's stock valued at $81,000 after buying an additional 843 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on BC shares. Morgan Stanley boosted 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. DA Davidson reduced their price objective on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 22nd. Stifel Nicolaus cut their target price on Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Benchmark decreased their price target on Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Finally, Truist Financial cut their price objective on Brunswick from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.85.

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.