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

Brunswick Co. (NYSE:BC - Get Free Report) has earned an average rating of "Moderate Buy" from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $71.31.

Several equities analysts have commented on BC shares. B. Riley raised shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Citigroup lowered their target price on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Truist Financial lowered their target price on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Jefferies Financial Group reduced their target price on Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, DA Davidson restated a "neutral" rating and issued a $43.00 target price (down from $64.00) on shares of Brunswick in a report on Monday, April 28th.

Insider Activity at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares of the company's stock, valued at $1,686,632.43. This trade represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.85% of the company's stock.

Institutional Investors Weigh In On Brunswick

A number of institutional investors have recently added to or reduced their stakes in BC. Allworth Financial LP raised its stake in shares of Brunswick by 4,972.7% in the first quarter. Allworth Financial LP now owns 558 shares of the company's stock valued at $30,000 after purchasing an additional 547 shares in the last quarter. Financial Perspectives Inc acquired a new position in shares of Brunswick in the fourth quarter valued at $42,000. Quarry LP acquired a new position in shares of Brunswick in the fourth quarter valued at $45,000. Geneos Wealth Management Inc. boosted its position in shares of Brunswick by 477.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 727 shares of the company's stock valued at $39,000 after acquiring an additional 601 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Brunswick by 695.7% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after acquiring an additional 640 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Stock Down 3.0%

BC stock traded down $1.54 during mid-day trading on Tuesday, hitting $49.72. The stock had a trading volume of 672,040 shares, compared to its average volume of 793,719. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Brunswick has a 1-year low of $41.00 and a 1-year high of $87.65. The company has a fifty day moving average of $49.09 and a 200 day moving average of $61.87. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 26.17 and a beta of 1.28.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.31. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.14 billion. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The business's revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 EPS. On average, equities analysts expect that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, May 19th. Brunswick's payout ratio is currently 142.15%.

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.