Brunswick (NYSE:BC) Price Target Lowered to $86.00 at Stifel Nicolaus

Brunswick (NYSE:BC - Free Report) had its price target reduced by Stifel Nicolaus from $95.00 to $86.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on BC. B. Riley downgraded Brunswick from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Citigroup increased 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. Benchmark restated a "buy" rating and issued a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th. Finally, Truist Financial dropped their price objective on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. 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 data from MarketBeat, Brunswick currently has an average rating of "Moderate Buy" and a consensus price target of $87.46.

Brunswick Stock Performance

BC traded up $1.55 during midday trading on Wednesday, reaching $67.35. The company had a trading volume of 510,922 shares, compared to its average volume of 593,980. Brunswick has a 12-month low of $62.64 and a 12-month high of $96.65. The business has a 50-day moving average price of $73.84 and a two-hundred day moving average price of $76.99. The stock has a market cap of $4.44 billion, a PE ratio of 16.75 and a beta of 1.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97.

Insider Buying and Selling at Brunswick

In other news, Director Joseph W. Mcclanathan sold 4,745 shares of the business's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction 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. The trade was a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy E. Cooper sold 366 shares of Brunswick 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 28,940 shares of company stock valued at $2,321,176 in the last three months. Company insiders own 0.81% of the company's stock.

Hedge Funds Weigh In On Brunswick

Institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Brunswick in the third quarter worth approximately $26,000. Armstrong Advisory Group Inc. bought a new position in shares of Brunswick during the 4th quarter valued at $39,000. Avior Wealth Management LLC grew its holdings in shares of Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock valued at $56,000 after purchasing an additional 612 shares during the last quarter. Covestor Ltd lifted its stake in Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company's stock worth $81,000 after purchasing an additional 843 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Brunswick by 92.5% in the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock worth $97,000 after purchasing an additional 555 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

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.