Northcoast Research cut shares of Brunswick Corporation (NYSE:BC) from a buy rating to a neutral rating in a research report sent to investors on Monday, July 10th, Marketbeat reports. The analysts noted that the move was a valuation call.
Several other equities analysts have also issued reports on BC. B. Riley reaffirmed a buy rating and issued a $72.00 price target on shares of Brunswick Corporation in a research report on Wednesday, May 3rd. Zacks Investment Research raised Brunswick Corporation from a hold rating to a buy rating and set a $71.00 price target for the company in a research report on Thursday, June 29th. Stifel Nicolaus reaffirmed an outperform rating and issued a $65.00 price target (up previously from $64.00) on shares of Brunswick Corporation in a research report on Friday, April 14th. Royal Bank Of Canada reaffirmed a buy rating and issued a $65.00 price target on shares of Brunswick Corporation in a research report on Sunday, June 11th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $56.00 price target on shares of Brunswick Corporation in a research report on Friday, March 31st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $65.82.
Brunswick Corporation (NYSE:BC) traded down 0.48% on Monday, hitting $55.72. 487,906 shares of the company were exchanged. The stock has a 50 day moving average of $61.23 and a 200 day moving average of $59.19. Brunswick Corporation has a 52 week low of $42.02 and a 52 week high of $63.82. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 17.68 and a beta of 1.81.
Brunswick Corporation (NYSE:BC) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.33 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 earnings per share. Analysts predict that Brunswick Corporation will post $4.04 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 22nd will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Friday, August 18th. Brunswick Corporation’s dividend payout ratio (DPR) is 20.95%.
In other Brunswick Corporation news, Chairman Mark D. Schwabero sold 29,552 shares of the business’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $63.74, for a total transaction of $1,883,644.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Metzger sold 559 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $62.50, for a total value of $34,937.50. Following the sale, the insider now owns 115,673 shares of the company’s stock, valued at $7,229,562.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,785 shares of company stock valued at $3,395,646. Corporate insiders own 1.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in BC. Advisors Asset Management Inc. purchased a new stake in Brunswick Corporation during the second quarter worth about $134,000. James Investment Research Inc. purchased a new stake in Brunswick Corporation during the first quarter worth about $145,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Brunswick Corporation by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after buying an additional 280 shares in the last quarter. Pitcairn Co. purchased a new stake in Brunswick Corporation during the second quarter worth about $213,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Brunswick Corporation during the first quarter worth about $207,000. Institutional investors and hedge funds own 99.59% of the company’s stock.
Brunswick Corporation Company Profile
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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