Brunswick (NYSE:BC) Reaches New 12-Month Low – Time to Sell?

Brunswick Co. (NYSE:BC) shares hit a new 52-week low during trading on Friday . The stock traded as low as $53.69 and last traded at $53.81, with a volume of 136415 shares. The stock had previously closed at $55.99.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. DA Davidson reduced their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. B. Riley upgraded Brunswick to a “hold” rating in a research report on Wednesday, February 12th. Benchmark decreased their price objective on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 31st. Truist Financial dropped their target price on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley upped their target price on shares of Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Brunswick Price Performance

The firm’s fifty day simple moving average is $62.63 and its 200-day simple moving average is $72.01. The firm has a market capitalization of $3.54 billion, a PE ratio of 28.27 and a beta of 1.54. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

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

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.43 dividend. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 3.21%. Brunswick’s payout ratio is 90.53%.

Insider Buying and Selling at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy E. Cooper sold 433 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oak Thistle LLC bought a new stake in Brunswick during the fourth quarter valued at approximately $368,000. Bank of New York Mellon Corp boosted its stake in shares of Brunswick by 16.7% during the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock worth $49,578,000 after acquiring an additional 109,728 shares during the last quarter. American Century Companies Inc. grew its position in shares of Brunswick by 2.9% during the 4th quarter. American Century Companies Inc. now owns 1,462,558 shares of the company’s stock valued at $94,599,000 after acquiring an additional 41,583 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Brunswick during the 4th quarter valued at $2,827,000. Finally, Channing Capital Management LLC increased its stake in shares of Brunswick by 10.9% in the 4th quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company’s stock worth $66,305,000 after purchasing an additional 100,412 shares in 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.