Brunswick Co. (NYSE:BC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Brunswick Co. (NYSE:BC - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $81.62.

Several research analysts recently issued reports on BC shares. Truist Financial dropped their price target on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Benchmark dropped their price objective on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a report on Friday, January 31st. Robert W. Baird set a $90.00 price target on shares of Brunswick in a research note on Friday, January 31st. Citigroup reduced their price objective on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus reduced their price objective on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th.

Brunswick Trading Up 4.4 %

Brunswick stock opened at $57.88 on Thursday. The company's fifty day simple moving average is $65.32 and its 200-day simple moving average is $74.42. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. Brunswick has a 12 month low of $55.40 and a 12 month high of $96.65. The stock has a market cap of $3.81 billion, a P/E ratio of 30.47 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share (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 previous year, the firm earned $1.45 earnings per share. As a group, sell-side analysts forecast that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a $0.43 dividend. This is a positive change from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 2.97%. The ex-dividend date is Monday, February 24th. Brunswick's payout ratio is presently 90.53%.

Insider Buying and Selling at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction dated Wednesday, February 26th. The shares were 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 owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the sale, the director now directly owns 25,361 shares of the company's stock, valued at $1,664,949.65. The trade was a 1.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

Institutional Trading of Brunswick

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oak Thistle LLC bought a new stake in shares of Brunswick during the 4th quarter worth about $368,000. Global Alpha Capital Management Ltd. boosted its holdings in Brunswick by 47.5% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company's stock valued at $20,128,000 after purchasing an additional 77,340 shares during the period. JPMorgan Chase & Co. boosted its holdings in Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company's stock valued at $124,705,000 after purchasing an additional 102,780 shares during the period. Barclays PLC boosted its holdings in Brunswick by 78.6% in the 3rd quarter. Barclays PLC now owns 118,189 shares of the company's stock valued at $9,907,000 after purchasing an additional 52,024 shares during the period. Finally, Markel Group Inc. bought a new stake in Brunswick in the 3rd quarter valued at about $1,173,000. Institutional investors own 99.34% of the company's stock.

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.

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