Brokerages Set Brunswick Corporation (NYSE:BC) Price Target at $71.31

Brunswick Corporation (NYSE:BC) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $70.00.

A number of research analysts have weighed in on the stock. Baird R W downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. DA Davidson restated a “neutral” rating and issued a $43.00 price target (down previously from $64.00) on shares of Brunswick in a research note on Monday, April 28th. Jefferies Financial Group reduced their price target on Brunswick from $64.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Citigroup reiterated a “buy” rating and set a $68.00 price target (up previously from $61.00) on shares of Brunswick in a research report on Monday, June 16th. Finally, Robert W. Baird boosted their price objective on Brunswick from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, May 16th.

Brunswick Stock Down 0.3%

Brunswick stock opened at $55.37 on Friday. The business’s 50-day moving average price is $50.43 and its 200 day moving average price is $58.46. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 1.12. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 45.76 and a beta of 1.27. Brunswick has a 52 week low of $41.00 and a 52 week high of $87.65.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.25 by $0.31. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.14 billion. Brunswick had a return on equity of 12.88% and a net margin of 1.62%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 EPS. As a group, sell-side analysts anticipate that Brunswick will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.72 dividend on an annualized basis and a yield of 3.11%. Brunswick’s payout ratio is presently 142.15%.

Insider Buying and Selling at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the business’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following the transaction, the vice president now owns 44,466 shares of the company’s stock, valued at approximately $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP raised its position in shares of Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $30,000 after buying an additional 547 shares during the period. UMB Bank n.a. increased its stake in Brunswick by 695.7% during the first quarter. UMB Bank n.a. now owns 732 shares of the company’s stock worth $39,000 after acquiring an additional 640 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after purchasing an additional 601 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Brunswick by 171.6% in the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock valued at $41,000 after purchasing an additional 477 shares during the last quarter. Finally, Financial Perspectives Inc acquired a new position in shares of Brunswick in the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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.