Brunswick Co. (NYSE:BC) Given Consensus Rating of "Moderate Buy" by Analysts

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

BC has been the topic of several recent research reports. Citigroup upped their price objective on shares of Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a report on Friday, September 27th. Northcoast Research raised shares of Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a research note on Monday, July 29th. B. Riley downgraded shares of Brunswick from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $95.00 to $88.00 in a research report on Tuesday. Finally, Benchmark reiterated a "buy" rating and set a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th.

Brunswick Trading Down 5.6 %

Shares of BC stock traded down $4.78 on Tuesday, reaching $81.04. 452,314 shares of the company's stock were exchanged, compared to its average volume of 697,213. Brunswick has a 52 week low of $69.05 and a 52 week high of $99.68. The stock has a market capitalization of $5.35 billion, a PE ratio of 20.03 and a beta of 1.51. The company's fifty day simple moving average is $81.92 and its 200 day simple moving average is $78.78. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.07%. Brunswick's dividend payout ratio (DPR) is presently 41.79%.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 366 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now owns 24,557 shares of the company's stock, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David M. Foulkes sold 23,829 shares of the company's stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the sale, the chief executive officer now 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 a total of 28,940 shares of company stock worth $2,321,176 in the last three months. 0.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. M&G Plc raised its holdings in Brunswick by 15.1% in the 2nd quarter. M&G Plc now owns 55,218 shares of the company's stock valued at $4,031,000 after acquiring an additional 7,261 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Brunswick by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company's stock worth $671,000 after acquiring an additional 6,874 shares during the period. Swedbank AB purchased a new stake in shares of Brunswick during the 1st quarter worth $19,304,000. Sei Investments Co. increased its holdings in Brunswick by 7.6% during the 2nd quarter. Sei Investments Co. now owns 221,073 shares of the company's stock valued at $16,087,000 after acquiring an additional 15,602 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Brunswick during the second quarter worth $8,289,000. Hedge funds and other 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.