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

Shares of Brunswick Co. (NYSE:BC) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $88.21.

BC has been the topic of a number of analyst reports. B. Riley lowered their price objective on shares of Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Jefferies Financial Group reiterated a “hold” rating and set a $70.00 price target (down from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Roth Mkm reissued a “buy” rating and set a $94.00 price target on shares of Brunswick in a report on Thursday, July 25th. Stifel Nicolaus lowered their price objective on Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, Morgan Stanley cut their target price on Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th.

Brunswick Stock Down 1.0 %

Brunswick stock opened at $76.42 on Friday. The company has a market capitalization of $5.16 billion, a P/E ratio of 14.21 and a beta of 1.52. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.75 and a current ratio of 1.70. Brunswick has a fifty-two week low of $66.47 and a fifty-two week high of $99.68. The stock has a 50-day simple moving average of $75.36 and a 200-day simple moving average of $82.02.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.10). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.55 billion. Brunswick had a net margin of 5.92% and a return on equity of 23.46%. Brunswick’s revenue was down 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.35 earnings per share. Equities research analysts expect that Brunswick will post 5.59 earnings per share for the current year.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, August 21st will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, August 21st. Brunswick’s dividend payout ratio (DPR) is 31.23%.

Insider Activity

In other Brunswick news, Director Nancy E. Cooper sold 358 shares of Brunswick stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $81.34, for a total transaction of $29,119.72. Following the completion of the transaction, the director now owns 23,877 shares in the company, valued at $1,942,155.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Several hedge funds have recently bought and sold shares of BC. M&G Plc boosted its position in Brunswick by 15.1% during the second quarter. M&G Plc now owns 55,218 shares of the company’s stock worth $4,031,000 after acquiring an additional 7,261 shares during the last quarter. Jennison Associates LLC increased its stake in Brunswick by 5.2% in the first quarter. Jennison Associates LLC now owns 848,728 shares of the company’s stock valued at $81,919,000 after purchasing an additional 42,332 shares during the last quarter. Hawk Ridge Capital Management LP acquired a new position in Brunswick in the fourth quarter valued at $5,777,000. Russell Investments Group Ltd. boosted its stake in Brunswick by 11.4% in the 1st quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company’s stock worth $7,942,000 after buying an additional 8,456 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Brunswick by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock worth $701,331,000 after buying an additional 160,531 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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.