Brunswick Co. (NYSE:BC) Receives $88.54 Average Price Target from Analysts

Shares of Brunswick Co. (NYSE:BC) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $88.54.

Several research analysts have issued reports on the stock. B. Riley lowered shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Citigroup lifted their target price on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $100.00 target price on shares of Brunswick in a report on Friday, October 25th.

Brunswick Stock Performance

Shares of BC opened at $64.70 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. The firm’s 50 day moving average is $77.63 and its 200-day moving average is $77.70. Brunswick has a 12-month low of $64.00 and a 12-month high of $98.75. The stock has a market capitalization of $4.27 billion, a P/E ratio of 16.09 and a beta of 1.50.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a yield of 2.60%. Brunswick’s payout ratio is 41.79%.

Insider Buying and Selling at Brunswick

In related news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the transaction, the director now owns 19,218 shares of the company’s stock, valued at approximately $1,540,130.52. This trade represents a 19.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares of the company’s stock, valued at $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,940 shares of company stock valued at $2,321,176 in the last quarter. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Several institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in shares of Brunswick during the 3rd quarter worth about $26,000. Avior Wealth Management LLC boosted its position in shares of Brunswick by 1,073.7% in the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares during the period. Covestor Ltd grew its stake in shares of Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after acquiring an additional 843 shares during the last quarter. GAMMA Investing LLC increased its position in Brunswick by 92.5% during the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after acquiring an additional 555 shares during the period. Finally, Fifth Third Bancorp increased its position in Brunswick by 47.0% during 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 period. 99.34% of the stock is currently owned by institutional investors.

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.