Randall S. Altman Sells 3,417 Shares of Brunswick Co. (NYSE:BC) Stock

Brunswick Co. (NYSE:BC) SVP Randall S. Altman sold 3,417 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the transaction, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Brunswick Trading Up 0.9 %

Shares of NYSE:BC opened at $60.81 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 32.01 and a beta of 1.54. Brunswick Co. has a 1-year low of $59.25 and a 1-year high of $96.65. The company has a 50 day moving average price of $65.66 and a 200 day moving average price of $74.69.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate 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 last year, the firm posted $1.45 earnings per share. On average, research analysts anticipate that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 2.83%. This is a boost from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio (DPR) is currently 90.53%.

Analyst Ratings Changes

BC has been the subject of a number of analyst reports. Roth Mkm reduced their price target on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. DA Davidson reduced their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Morgan Stanley raised their target price on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Benchmark dropped their price target on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Citigroup decreased their price objective on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.62.

Institutional Trading of Brunswick

A number of hedge funds have recently bought and sold shares of the company. Creative Planning acquired a new stake in shares of Brunswick during the third quarter valued at approximately $295,000. Wealth Enhancement Advisory Services LLC grew its position in Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after purchasing an additional 174 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Brunswick by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,691 shares of the company’s stock valued at $644,000 after purchasing an additional 260 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Brunswick by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after purchasing an additional 145 shares in the last quarter. Finally, Trajan Wealth LLC purchased a new stake in shares of Brunswick in the third quarter valued at $254,000. 99.34% of the stock is owned by hedge funds and other 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.