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

Shares of Brunswick Co. (NYSE:BC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $81.62.

Several analysts recently weighed in on the stock. Truist Financial cut their price objective on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus cut their price target on Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Robert W. Baird set a $90.00 price objective on Brunswick in a report on Friday, January 31st. Morgan Stanley lifted their target price on Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Finally, Citigroup decreased their price target on Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th.

Insider Activity

In related news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at $1,686,632.43. The trade was a 11.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Nancy E. Cooper sold 433 shares of the company's stock in a transaction on Monday, February 3rd. The shares were 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 of the company's stock, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

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Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of Montreal Can grew its position in Brunswick by 8.5% during the 3rd quarter. Bank of Montreal Can now owns 43,592 shares of the company's stock worth $3,685,000 after purchasing an additional 3,399 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Brunswick by 134.5% in the third quarter. BNP Paribas Financial Markets now owns 6,713 shares of the company's stock worth $563,000 after buying an additional 3,850 shares during the period. Captrust Financial Advisors grew its holdings in shares of Brunswick by 13.6% during the third 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 in the last quarter. Verition Fund Management LLC acquired a new position in Brunswick during the third quarter valued at $5,280,000. Finally, Paloma Partners Management Co purchased a new stake in Brunswick in the 3rd quarter worth about $313,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Stock Performance

Shares of NYSE:BC traded down $7.56 during trading on Monday, hitting $48.00. 1,816,212 shares of the company traded hands, compared to its average volume of 714,511. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 25.26 and a beta of 1.54. Brunswick has a one year low of $47.87 and a one year high of $95.38. 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 business's fifty day moving average is $61.13 and its 200-day moving average is $71.20.

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 return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the prior year, the company posted $1.45 earnings per share. As a group, equities analysts predict that Brunswick will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared 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 is a boost from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.58%. Brunswick's payout ratio is 90.53%.

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.