Brunswick Co. (NYSE:BC) Director Joseph W. Mcclanathan Sells 4,745 Shares

Brunswick Co. (NYSE:BC - Get Free Report) Director Joseph W. Mcclanathan sold 4,745 shares of the company's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the transaction, the director now directly owns 19,218 shares in the company, valued at $1,540,130.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Brunswick Stock Performance

Brunswick stock traded up $1.29 during trading hours on Monday, hitting $82.05. The stock had a trading volume of 490,098 shares, compared to its average volume of 717,253. The company has a 50-day moving average of $80.28 and a two-hundred day moving average of $79.00. The company has a quick ratio of 0.75, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The company has a market cap of $5.54 billion, a PE ratio of 15.01 and a beta of 1.51. Brunswick Co. has a fifty-two week low of $67.18 and a fifty-two week high of $99.68.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, July 25th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.90 by ($0.10). Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company posted $2.35 earnings per share. The company's quarterly revenue was down 15.2% on a year-over-year basis. On average, equities research analysts anticipate that Brunswick Co. will post 5.26 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a yield of 2.05%. Brunswick's dividend payout ratio (DPR) is presently 31.23%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Roth Mkm restated a "buy" rating and issued a $94.00 target price on shares of Brunswick in a research note on Thursday, July 25th. Northcoast Research upgraded Brunswick from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research note on Monday, July 29th. Truist Financial decreased their price target on Brunswick from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, July 8th. Robert W. Baird decreased their price target on Brunswick from $95.00 to $93.00 and set an "outperform" rating for the company in a research note on Friday, July 26th. Finally, B. Riley cut their price objective on Brunswick from $108.00 to $97.00 and set a "buy" rating for the company in a research report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.23.

Institutional Investors Weigh In On Brunswick

A number of large investors have recently bought and sold shares of the business. M&G Plc boosted its position in Brunswick by 15.1% in the 2nd quarter. M&G Plc now owns 55,218 shares of the company's stock valued at $4,031,000 after buying an additional 7,261 shares during the last quarter. Jennison Associates LLC boosted its position in Brunswick by 5.2% in the 1st quarter. Jennison Associates LLC now owns 848,728 shares of the company's stock valued at $81,919,000 after buying an additional 42,332 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Brunswick by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company's stock valued at $7,942,000 after buying an additional 8,456 shares during the last quarter. Vanguard Group Inc. boosted its position in Brunswick by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company's stock valued at $701,331,000 after buying an additional 160,531 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in Brunswick by 292.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company's stock valued at $671,000 after buying an additional 6,874 shares during the last quarter. 99.34% of the stock is currently 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.