Brunswick (NYSE:BC) Reaches New 12-Month Low - Time to Sell?

Shares of Brunswick Co. (NYSE:BC - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $41.17 and last traded at $41.94, with a volume of 1733141 shares changing hands. The stock had previously closed at $45.27.

Analysts Set New Price Targets

BC has been the subject of a number of analyst reports. Truist Financial cut their price target on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a report on Monday. Baird R W cut Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Roth Mkm cut their price objective on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Morgan Stanley upped their target price on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, Benchmark cut their price target on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a report on Friday, January 31st. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Brunswick currently has a consensus rating of "Hold" and a consensus price target of $77.08.

Brunswick Trading Down 0.7 %

The stock has a fifty day moving average of $57.41 and a two-hundred day moving average of $69.04. The company has a market capitalization of $2.90 billion, a PE ratio of 23.12 and a beta of 1.42. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

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, topping 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 prior year, the firm earned $1.45 EPS. As a group, sell-side analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 3.92%. This is an increase from Brunswick's previous quarterly dividend of $0.42. Brunswick's payout ratio is currently 90.53%.

Insider Activity at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $1,686,632.43. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brunswick

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp raised its position in Brunswick by 3.6% during the 3rd quarter. Stifel Financial Corp now owns 50,114 shares of the company's stock valued at $4,201,000 after purchasing an additional 1,732 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Brunswick by 26.5% in the third quarter. Orion Portfolio Solutions LLC now owns 7,087 shares of the company's stock worth $594,000 after acquiring an additional 1,484 shares during the period. MML Investors Services LLC increased its position in Brunswick by 30.7% during the 3rd quarter. MML Investors Services LLC now owns 7,119 shares of the company's stock valued at $597,000 after purchasing an additional 1,671 shares during the period. Barclays PLC lifted its position in shares of Brunswick by 78.6% in the 3rd quarter. Barclays PLC now owns 118,189 shares of the company's stock worth $9,907,000 after purchasing an additional 52,024 shares during the period. Finally, Sanctuary Advisors LLC increased its position in shares of Brunswick by 12.1% during the third quarter. Sanctuary Advisors LLC now owns 12,808 shares of the company's stock valued at $1,055,000 after buying an additional 1,387 shares during the period. 99.34% of the stock is owned by institutional investors.

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.