Brunswick (NYSE:BC) Reaches New 52-Week Low - What's Next?

Brunswick Co. (NYSE:BC - Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as $53.69 and last traded at $53.81, with a volume of 136415 shares traded. The stock had previously closed at $55.99.

Analyst Upgrades and Downgrades

BC has been the subject of a number of research reports. Roth Mkm decreased their target price on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 24th. DA Davidson reduced their price objective on Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, January 22nd. Truist Financial lowered their price objective on Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Robert W. Baird set a $90.00 target price on Brunswick in a research note on Friday, January 31st. Finally, Benchmark lowered their price target on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and an average target price of $81.62.

Brunswick Stock Up 0.2 %

The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 28.41 and a beta of 1.54. The stock's 50 day moving average is $61.77 and its 200 day moving average is $71.47. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

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Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the previous year, the firm posted $1.45 EPS. Analysts forecast that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.43 dividend. This is a positive change from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date was Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 3.19%. Brunswick's payout ratio is 90.53%.

Insider Activity

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the business's 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 owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

Institutional Trading of Brunswick

A number of hedge funds have recently modified their holdings of BC. Bank of Montreal Can lifted its stake in Brunswick by 8.5% in the 3rd quarter. Bank of Montreal Can now owns 43,592 shares of the company's stock worth $3,685,000 after acquiring an additional 3,399 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Brunswick by 134.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,713 shares of the company's stock valued at $563,000 after purchasing an additional 3,850 shares during the period. Captrust Financial Advisors lifted its position in shares of Brunswick by 13.6% in the third quarter. Captrust Financial Advisors now owns 10,422 shares of the company's stock worth $874,000 after purchasing an additional 1,247 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Brunswick during the third quarter worth approximately $5,280,000. Finally, Paloma Partners Management Co purchased a new position in Brunswick during the third quarter valued at approximately $313,000. Hedge funds and other institutional investors 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.