Brunswick Co. (NYSE:BC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Brunswick Co. (NYSE:BC) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $81.85.

A number of brokerages have recently commented on BC. Benchmark cut their target price on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Citigroup cut their price objective on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Roth Mkm decreased their target price on 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 raised their target price on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Truist Financial decreased their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th.

Brunswick Price Performance

Shares of Brunswick stock opened at $65.55 on Friday. The stock has a market capitalization of $4.32 billion, a P/E ratio of 34.50 and a beta of 1.54. 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 business’s fifty day moving average price is $67.50 and its 200 day moving average price is $75.60. Brunswick has a twelve month low of $62.64 and a twelve month high of $96.65.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the previous year, the company posted $1.45 earnings per share. As a group, research analysts anticipate that Brunswick will post 4.2 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.43 per share. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 2.62%. The ex-dividend date is Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is currently 88.42%.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Large investors have recently added to or reduced their stakes in the company. Divisar Capital Management LLC raised its holdings in shares of Brunswick by 3.0% during the fourth quarter. Divisar Capital Management LLC now owns 272,793 shares of the company’s stock worth $17,644,000 after purchasing an additional 7,900 shares during the period. Northern Trust Corp grew its position in shares of Brunswick by 8.3% during the 4th quarter. Northern Trust Corp now owns 648,010 shares of the company’s stock valued at $41,913,000 after buying an additional 49,624 shares during the last quarter. Quarry LP acquired a new stake in Brunswick during the fourth quarter worth about $45,000. Aquatic Capital Management LLC lifted its holdings in Brunswick by 497.2% in the fourth quarter. Aquatic Capital Management LLC now owns 31,055 shares of the company’s stock worth $2,009,000 after acquiring an additional 25,855 shares during the last quarter. Finally, Nebula Research & Development LLC boosted its stake in Brunswick by 300.8% in the fourth quarter. Nebula Research & Development LLC now owns 34,439 shares of the company’s stock valued at $2,228,000 after acquiring an additional 25,847 shares during the period. 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.