Brunswick (NYSE:BC) Reaches New 12-Month Low – Should You Sell?

Brunswick Co. (NYSE:BC)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $62.60 and last traded at $62.45, with a volume of 228690 shares traded. The stock had previously closed at $64.02.

Wall Street Analyst Weigh In

BC has been the topic of several research analyst reports. DA Davidson decreased their price target on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley upped their target price on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Roth Mkm reduced their target price on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Citigroup cut their price target on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, Stifel Nicolaus cut their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.85.

Brunswick Trading Down 1.9 %

The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 33.06 and a beta of 1.54. 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 firm has a fifty day moving average of $66.58 and a 200-day moving average of $75.23.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same period in the previous year, the company posted $1.45 earnings per share. As a group, equities analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a $0.43 dividend. This is a boost from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Monday, February 24th. Brunswick’s dividend payout ratio is presently 88.42%.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the transaction, the director now owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Brunswick

Large investors have recently modified their holdings of the stock. Armstrong Advisory Group Inc. bought a new position in shares of Brunswick during the fourth quarter worth about $39,000. Financial Perspectives Inc bought a new position in Brunswick in the fourth quarter worth about $42,000. Quarry LP bought a new position in Brunswick in the fourth quarter worth about $45,000. Avior Wealth Management LLC lifted its holdings in Brunswick by 1,073.7% in the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after acquiring an additional 612 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in 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. 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.