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

Shares of Brunswick Co. (NYSE:BC - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $71.31.

A number of research analysts have recently issued reports on the company. Truist Financial dropped their price objective on Brunswick from $85.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. DA Davidson reissued a "neutral" rating and issued a $43.00 price target (down from $64.00) on shares of Brunswick in a research note on Monday, April 28th. Benchmark initiated coverage on Brunswick in a research note on Monday, April 28th. They issued a "buy" rating and a $70.00 price target on the stock. Jefferies Financial Group dropped their price target on Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Finally, BMO Capital Markets reduced their price target on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, April 25th.

Insider Transactions at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of the sale, the vice president now owns 44,466 shares in the company, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Brunswick

Several institutional investors and hedge funds have recently added to or reduced their stakes in BC. Empowered Funds LLC increased its stake in shares of Brunswick by 177.9% during the 4th quarter. Empowered Funds LLC now owns 27,259 shares of the company's stock worth $1,763,000 after purchasing an additional 17,450 shares during the last quarter. Van ECK Associates Corp grew its stake in Brunswick by 21.7% in the 4th quarter. Van ECK Associates Corp now owns 125,017 shares of the company's stock valued at $8,086,000 after buying an additional 22,324 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Brunswick by 9.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 26,395 shares of the company's stock valued at $1,707,000 after buying an additional 2,205 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Brunswick in the 4th quarter valued at approximately $2,211,000. Finally, New York State Common Retirement Fund grew its stake in Brunswick by 7.7% in the 4th quarter. New York State Common Retirement Fund now owns 292,552 shares of the company's stock valued at $18,922,000 after buying an additional 20,871 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Brunswick Stock Performance

Shares of Brunswick stock opened at $55.61 on Friday. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 29.27 and a beta of 1.27. 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 has a twelve month low of $41.00 and a twelve month high of $87.65. The company's fifty day moving average is $49.38 and its 200 day moving average is $59.30.

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

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were paid 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 3.09%. Brunswick's dividend payout ratio (DPR) 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.

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