Brunswick (NYSE:BC) Stock Rating Upgraded by B. Riley

Brunswick (NYSE:BC - Get Free Report) was upgraded by equities research analysts at B. Riley to a "hold" rating in a report released on Wednesday,Zacks.com reports.

Several other research firms have also recently commented on BC. Benchmark lowered their price target on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, January 31st. DA Davidson decreased their price objective on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, January 22nd. Stifel Nicolaus decreased their price objective on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Roth Mkm decreased their price objective on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 24th. Finally, Truist Financial decreased their price objective on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Six 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, Brunswick currently has an average rating of "Moderate Buy" and an average target price of $81.85.

Brunswick Trading Down 1.3 %

NYSE BC traded down $0.85 on Wednesday, hitting $64.73. 1,136,345 shares of the stock were exchanged, compared to its average volume of 724,689. The company's 50-day moving average price is $67.02 and its two-hundred day moving average price is $75.38. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. Brunswick has a 52-week low of $62.64 and a 52-week high of $96.65. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 34.07 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last posted 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 posted $1.45 EPS. Research analysts predict that Brunswick will post 4.2 EPS for the current year.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.81% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Oak Thistle LLC acquired a new position in Brunswick in the fourth quarter worth about $368,000. Global Alpha Capital Management Ltd. raised its position in Brunswick by 47.5% in the third quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company's stock worth $20,128,000 after purchasing an additional 77,340 shares in the last quarter. JPMorgan Chase & Co. raised its position in Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company's stock worth $124,705,000 after purchasing an additional 102,780 shares in the last quarter. Barclays PLC raised its position in Brunswick by 78.6% in the third quarter. Barclays PLC now owns 118,189 shares of the company's stock worth $9,907,000 after purchasing an additional 52,024 shares in the last quarter. Finally, Markel Group Inc. acquired a new position in Brunswick in the third quarter worth about $1,173,000. 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.