Brunswick (NYSE:BC) Receives Buy Rating from Roth Mkm

Roth Mkm reaffirmed their buy rating on shares of Brunswick (NYSE:BC) in a report issued on Thursday, Benzinga reports. The firm currently has a $94.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. B. Riley cut their price objective on shares of Brunswick from $108.00 to $97.00 and set a buy rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus cut their price objective on shares of Brunswick from $97.00 to $95.00 and set a buy rating for the company in a research report on Friday, July 12th. Benchmark assumed coverage on shares of Brunswick in a research report on Wednesday, May 22nd. They set a buy rating and a $100.00 price objective for the company. JPMorgan Chase & Co. cut their price target on shares of Brunswick from $78.00 to $75.00 and set a neutral rating for the company in a report on Wednesday, July 24th. Finally, BNP Paribas reiterated a neutral rating and issued a $82.00 price target (down previously from $94.00) on shares of Brunswick in a report on Monday, April 15th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $87.31.

Brunswick Stock Up 1.2 %

Shares of NYSE:BC opened at $79.98 on Thursday. The stock has a market cap of $5.40 billion, a P/E ratio of 14.87 and a beta of 1.52. The firm has a fifty day moving average price of $76.11 and a 200 day moving average price of $83.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 0.75. Brunswick has a 1-year low of $66.47 and a 1-year high of $99.68.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.35 EPS. Sell-side analysts predict that Brunswick will post 6.13 EPS for the current year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, August 21st will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $1.68 dividend on an annualized basis and a yield of 2.10%. Brunswick’s payout ratio is 31.23%.

Insider Activity at Brunswick

In related news, Director Nancy E. Cooper sold 357 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the sale, the director now directly owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Nancy E. Cooper sold 357 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the sale, the director now directly owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Brenna Preisser sold 1,225 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $82.09, for a total transaction of $100,560.25. Following the completion of the sale, the vice president now directly owns 58,076 shares in the company, valued at $4,767,458.84. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brunswick

Several hedge funds have recently modified their holdings of the company. Skylands Capital LLC boosted its stake in shares of Brunswick by 67.6% during the 2nd quarter. Skylands Capital LLC now owns 15,625 shares of the company’s stock worth $1,137,000 after purchasing an additional 6,300 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Brunswick by 88.0% in the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock worth $176,903,000 after acquiring an additional 1,137,568 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in shares of Brunswick in the second quarter worth approximately $456,000. Fifth Third Bancorp boosted its position in shares of Brunswick by 47.0% in the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock worth $110,000 after acquiring an additional 483 shares during the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of Brunswick in the second quarter worth approximately $129,000. 99.34% of the stock is owned by institutional investors and hedge funds.

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.