Brunswick Co. (NYSE:BC) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Brunswick Co. (NYSE:BC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $89.23.

Several research firms recently issued reports on BC. Jefferies Financial Group reissued a "hold" rating and issued a $70.00 target price (down from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Truist Financial lowered their target price on shares of Brunswick from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, July 8th. Northcoast Research raised shares of Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Monday, July 29th. Citigroup raised their price target on shares of Brunswick from $92.00 to $101.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Finally, Stifel Nicolaus cut their price target on shares of Brunswick from $97.00 to $95.00 and set a "buy" rating for the company in a report on Friday, July 12th.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 366 shares of the company's stock in a transaction 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 completion of the transaction, the director now directly owns 24,557 shares in the company, valued at $1,969,225.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Nancy E. Cooper sold 366 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total value 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the 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 sale, the director now directly owns 19,218 shares in the company, valued at approximately $1,540,130.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

Institutional Trading of Brunswick

Several hedge funds have recently bought and sold shares of BC. Allspring Global Investments Holdings LLC boosted its position in Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company's stock worth $42,000 after purchasing an additional 437 shares during the period. State of Michigan Retirement System boosted its holdings in Brunswick by 2.4% in the first quarter. State of Michigan Retirement System now owns 16,870 shares of the company's stock valued at $1,628,000 after acquiring an additional 400 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Brunswick by 32.0% in the first quarter. Van ECK Associates Corp now owns 73,470 shares of the company's stock valued at $7,091,000 after acquiring an additional 17,824 shares during the last quarter. Baillie Gifford & Co. acquired a new position in Brunswick in the first quarter valued at approximately $124,840,000. Finally, Peterson Wealth Services lifted its stake in Brunswick by 131.1% in the first quarter. Peterson Wealth Services now owns 8,876 shares of the company's stock valued at $857,000 after buying an additional 5,035 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Price Performance

Shares of Brunswick stock traded up $1.13 during trading on Friday, reaching $80.87. 582,733 shares of the stock traded hands, compared to its average volume of 713,793. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 20.12 and a beta of 1.51. The business has a fifty day simple moving average of $80.70 and a two-hundred day simple moving average of $78.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. Brunswick has a 52-week low of $69.05 and a 52-week high of $99.68.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, November 20th. Brunswick's dividend payout ratio is 41.79%.

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.