Brunswick (NYSE:BC) Cut to Neutral at B. Riley

Brunswick (NYSE:BC - Get Free Report) was downgraded by stock analysts at B. Riley from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. They currently have a $88.00 target price on the stock, down from their prior target price of $95.00. B. Riley's target price would suggest a potential upside of 9.13% from the stock's current price.

Several other equities analysts have also recently issued reports on BC. Benchmark reaffirmed a "buy" rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th. Citigroup lifted their price target on Brunswick from $92.00 to $101.00 and gave the stock a "buy" rating in a research note on Friday, September 27th. Finally, Northcoast Research raised shares of Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price objective on the stock in a research note on Monday, July 29th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.54.

Brunswick Price Performance

BC stock traded down $5.18 during trading on Tuesday, reaching $80.64. 304,756 shares of the company were exchanged, compared to its average volume of 696,646. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. The stock's 50 day moving average price is $81.92 and its 200 day moving average price is $78.78. Brunswick has a 52-week low of $69.05 and a 52-week high of $99.68. The company has a market cap of $5.32 billion, a P/E ratio of 21.35 and a beta of 1.51.

Insider Buying and Selling at Brunswick

In related news, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the completion of the transaction, the director now owns 19,218 shares of the company's stock, valued at approximately $1,540,130.52. This represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the sale, the director now owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,940 shares of company stock valued at $2,321,176 over the last three months. 0.81% of the stock is owned by company insiders.

Institutional Trading of Brunswick

A number of hedge funds have recently made changes to their positions in BC. Massachusetts Financial Services Co. MA increased its holdings in Brunswick by 17.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company's stock valued at $259,010,000 after buying an additional 452,116 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of Brunswick by 88.0% during the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company's stock worth $176,903,000 after purchasing an additional 1,137,568 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Brunswick by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company's stock worth $152,577,000 after purchasing an additional 144,416 shares during the period. American Century Companies Inc. lifted its position in shares of Brunswick by 4.1% in the 2nd quarter. American Century Companies Inc. now owns 1,461,268 shares of the company's stock worth $106,337,000 after buying an additional 57,605 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Brunswick by 13.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company's stock valued at $118,563,000 after buying an additional 168,384 shares during the period. Institutional investors and hedge funds 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.