Insider Selling: Brunswick Co. (NYSE:BC) SVP Sells 3,417 Shares of Stock

Brunswick Co. (NYSE:BC - Get Free Report) SVP Randall S. Altman sold 3,417 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction 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. This trade represents a 11.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Brunswick Price Performance

NYSE BC traded down $1.89 on Monday, hitting $58.96. 872,010 shares of the company were exchanged, compared to its average volume of 673,311. Brunswick Co. has a 1-year low of $58.66 and a 1-year high of $96.65. The firm has a 50 day moving average of $65.66 and a two-hundred day moving average of $74.69. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a market cap of $3.88 billion, a P/E ratio of 31.03 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $1.45 EPS. On average, equities analysts predict that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.92%. This is an increase from Brunswick's previous quarterly dividend of $0.42. Brunswick's payout ratio is presently 90.53%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BC. B. Riley raised Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Benchmark decreased their price objective on Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Truist Financial cut their target price on Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Morgan Stanley lifted their price target on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus lowered their price target on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $81.62.

Hedge Funds Weigh In On Brunswick

Large investors have recently made changes to their positions in the company. Armstrong Advisory Group Inc. bought a new stake in Brunswick during the 4th quarter worth about $39,000. Financial Perspectives Inc bought a new stake in shares of Brunswick during the fourth quarter worth approximately $42,000. Quarry LP bought a new position in Brunswick in the fourth quarter valued at approximately $45,000. Avior Wealth Management LLC boosted its stake in Brunswick by 1,073.7% in the third quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock valued at $56,000 after acquiring an additional 612 shares during the last quarter. Finally, Covestor Ltd grew its holdings in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company's stock worth $81,000 after acquiring an additional 843 shares during the period. Institutional investors and hedge funds 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.