Brokerages Set Brunswick Co. (NYSE:BC) Price Target at $93.58

Shares of Brunswick Co. (NYSE:BC) have received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $93.58.

BC has been the subject of several research analyst reports. DA Davidson reiterated a “neutral” rating and set a $77.00 target price on shares of Brunswick in a research note on Friday, March 15th. Truist Financial lowered their price target on Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Raymond James cut Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Roth Mkm boosted their price target on Brunswick from $85.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, B. Riley raised Brunswick from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $108.00 in a report on Tuesday, February 20th.

Brunswick Stock Up 2.6 %

NYSE:BC opened at $95.70 on Thursday. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 16.08 and a beta of 1.55. Brunswick has a twelve month low of $66.47 and a twelve month high of $99.68. The stock’s 50 day moving average price is $87.36 and its two-hundred day moving average price is $83.06. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.95.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, February 1st. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.21). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm posted $1.99 earnings per share. The business’s revenue was down 14.0% compared to the same quarter last year. Equities research analysts expect that Brunswick will post 7.49 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from Brunswick’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 1.76%. Brunswick’s dividend payout ratio is 28.24%.

Insider Transactions at Brunswick

In other news, EVP John G. Buelow sold 2,426 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.12, for a total value of $211,353.12. Following the completion of the sale, the executive vice president now directly owns 14,199 shares of the company’s stock, valued at $1,237,016.88. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the transaction, the vice president now directly owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John G. Buelow sold 2,426 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the transaction, the executive vice president now directly owns 14,199 shares of the company’s stock, valued at $1,237,016.88. The disclosure for this sale can be found here. Insiders sold a total of 52,696 shares of company stock valued at $4,574,199 over the last ninety days. 0.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brunswick

Institutional investors and hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd boosted its holdings in shares of Brunswick by 66.8% in the fourth quarter. Quadrature Capital Ltd now owns 8,385 shares of the company’s stock worth $811,000 after acquiring an additional 3,359 shares during the period. FIL Ltd boosted its holdings in shares of Brunswick by 16.4% in the fourth quarter. FIL Ltd now owns 62,651 shares of the company’s stock worth $6,061,000 after acquiring an additional 8,848 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Brunswick by 47.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 308,021 shares of the company’s stock worth $29,802,000 after acquiring an additional 99,789 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Brunswick by 2.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 32,034 shares of the company’s stock worth $3,099,000 after acquiring an additional 771 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in Brunswick by 59.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,885 shares of the company’s stock valued at $763,000 after buying an additional 2,955 shares during the period. 99.34% of the stock is 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.