Brunswick Co. (NYSE:BC) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Brunswick Co. (NYSE:BC - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $88.54.

Several equities analysts have recently weighed in on BC shares. B. Riley downgraded Brunswick from a "buy" rating to a "neutral" rating and cut their target price for the company from $95.00 to $88.00 in a research report on Tuesday, November 26th. Citigroup lifted their price target on shares of Brunswick from $92.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Finally, Benchmark reissued a "buy" rating and issued a $100.00 price objective on shares of Brunswick in a research report on Friday, October 25th.

Brunswick Price Performance

Shares of Brunswick stock traded down $0.09 during trading hours on Friday, reaching $66.75. The company's stock had a trading volume of 1,805,504 shares, compared to its average volume of 696,633. The firm has a 50 day moving average price of $79.44 and a 200-day moving average price of $78.11. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The stock has a market cap of $4.40 billion, a P/E ratio of 16.60 and a beta of 1.50. Brunswick has a one year low of $66.40 and a one year high of $99.68.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.52%. Brunswick's dividend payout ratio (DPR) is currently 41.79%.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 366 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the sale, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David M. Foulkes sold 23,829 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.22, for a total value of $1,911,562.38. Following the transaction, the chief executive officer now directly owns 251,094 shares of the company's stock, valued at approximately $20,142,760.68. The trade was a 8.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock worth $2,321,176 in the last three months. Corporate insiders own 0.81% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BC. Massachusetts Financial Services Co. MA increased its holdings in Brunswick by 17.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company's stock valued at $259,010,000 after acquiring an additional 452,116 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Brunswick by 1,120.5% in the 3rd quarter. Janus Henderson Group PLC now owns 354,631 shares of the company's stock valued at $29,725,000 after buying an additional 325,574 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in Brunswick by 50.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company's stock valued at $57,328,000 after buying an additional 228,662 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Brunswick by 447.5% during the 3rd quarter. New York State Common Retirement Fund now owns 271,681 shares of the company's stock valued at $22,772,000 after buying an additional 222,062 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Brunswick in the third quarter valued at $15,907,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

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.