Brunswick Co. (NYSE:BC) Receives Average Rating of "Moderate Buy" from Analysts

Brunswick Co. (NYSE:BC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $71.31.

BC has been the subject of several recent research reports. Robert W. Baird boosted their price target on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday. Citigroup lowered their target price on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Roth Mkm reduced their price target on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 24th. DA Davidson reissued a "neutral" rating and set a $43.00 target price (down previously from $64.00) on shares of Brunswick in a report on Monday, April 28th. Finally, Jefferies Financial Group cut 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.

Brunswick Price Performance

BC opened at $52.99 on Tuesday. The business has a fifty day moving average of $49.61 and a 200 day moving average of $62.76. Brunswick has a 52-week low of $41.00 and a 52-week high of $87.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The stock has a market cap of $3.48 billion, a P/E ratio of 27.89 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, beating analysts' consensus estimates of $0.25 by $0.31. The business had revenue of $1.22 billion during 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%. Brunswick's revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 EPS. As a group, sell-side analysts anticipate that Brunswick will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.43 per share. The ex-dividend date is Monday, May 19th. This represents a $1.72 annualized dividend and a yield of 3.25%. Brunswick's dividend payout ratio (DPR) is 142.15%.

Insider Activity

In related news, SVP Randall S. Altman sold 3,417 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. This trade represents a 11.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.81% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock worth $30,000 after acquiring an additional 547 shares during the period. UMB Bank n.a. increased its position 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 buying an additional 640 shares in the last quarter. First Horizon Advisors Inc. increased its position in Brunswick by 171.6% during the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock worth $41,000 after buying an additional 477 shares in the last quarter. Financial Perspectives Inc purchased a new position in Brunswick during the fourth quarter worth $42,000. Finally, Signaturefd LLC grew its position in shares of Brunswick by 451.0% in the first quarter. Signaturefd LLC now owns 810 shares of the company's stock valued at $44,000 after purchasing an additional 663 shares during the period. 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.

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