Brunswick (NYSE:BC) Reaches New 1-Year Low Following Insider Selling

Brunswick Co. (NYSE:BC - Get Free Report)'s stock price reached a new 52-week low on Thursday after an insider sold shares in the company. The stock traded as low as $61.23 and last traded at $61.28, with a volume of 23622 shares traded. The stock had previously closed at $62.47.

Specifically, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BC shares. Stifel Nicolaus decreased their price target on 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 target price on shares of 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 dropped their price target on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 22nd. B. Riley upgraded shares of Brunswick to a "hold" rating in a report on Wednesday, February 12th. Finally, Citigroup lowered their target price on Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $81.62.

Brunswick Trading Down 3.1 %

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 price-to-earnings ratio of 31.03 and a beta of 1.54. The firm has a 50-day moving average price of $65.66 and a 200 day moving average price of $74.69.

Brunswick (NYSE:BC - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share 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 last year, the business earned $1.45 earnings per share. As a group, sell-side analysts forecast that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The business also recently declared 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. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.92%. This is a boost from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date is Monday, February 24th. Brunswick's dividend payout ratio is presently 90.53%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its stake in Brunswick by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company's stock valued at $2,241,000 after buying an additional 145 shares during the last quarter. Deutsche Bank AG lifted its position in Brunswick by 0.6% in the 4th quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock valued at $1,813,000 after purchasing an additional 160 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company's stock valued at $390,000 after purchasing an additional 174 shares during the period. Pacer Advisors Inc. grew its position in Brunswick by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company's stock worth $638,000 after purchasing an additional 190 shares during the last quarter. Finally, US Bancorp DE grew its position in Brunswick by 3.0% in the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company's stock worth $689,000 after purchasing an additional 241 shares during the last quarter. 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.