Brunswick Co. (NYSE:BC) SVP Sells $215,988.57 in Stock

Brunswick Co. (NYSE:BC) SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Brunswick Stock Performance

Shares of Brunswick stock opened at $60.81 on Friday. The stock has a market cap of $4.00 billion, a PE ratio of 32.01 and a beta of 1.54. The business has a fifty day simple moving average of $65.78 and a 200-day simple moving average of $74.79. 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 Co. has a 12 month low of $59.25 and a 12 month high of $96.65.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same period in the previous year, the firm earned $1.45 earnings per share. On average, sell-side analysts anticipate that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a dividend of $0.43 per share. This is a boost from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 2.83%. Brunswick’s dividend payout ratio (DPR) is presently 90.53%.

Institutional Trading of Brunswick

Institutional investors have recently bought and sold shares of the company. Armstrong Advisory Group Inc. acquired a new stake in Brunswick during the fourth quarter valued at $39,000. Financial Perspectives Inc acquired a new stake in Brunswick during the fourth quarter valued at $42,000. Quarry LP acquired a new stake in Brunswick during the fourth quarter valued at $45,000. Avior Wealth Management LLC boosted its position in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after purchasing an additional 612 shares during the last quarter. Finally, Covestor Ltd lifted its position 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 buying an additional 843 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BC. Benchmark lowered their price target on Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. DA Davidson decreased 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. Truist Financial decreased their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus decreased their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Morgan Stanley lifted their target price on Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.62.

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.