Insider Selling: Brunswick Co. (NYSE:BC) VP Sells 2,092 Shares of Stock

Brunswick Co. (NYSE:BC - Get Free Report) VP Christopher F. Dekker sold 2,092 shares of the firm's stock in a transaction that occurred on 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 directly owns 44,466 shares of the company's stock, valued at $2,599,927.02. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Brunswick Trading Down 3.0%

Shares of NYSE:BC traded down $1.74 during midday trading on Friday, reaching $55.61. The company's stock had a trading volume of 798,180 shares, compared to its average volume of 820,837. The firm 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 Co. has a 1 year low of $41.00 and a 1 year high of $87.65. The business has a 50 day moving average price of $49.38 and a 200 day moving average price of $59.15.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.56 EPS 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 the consensus estimate of $1.14 billion. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The business's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.35 earnings per share. Research analysts forecast that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Monday, May 19th. Brunswick's dividend payout ratio (DPR) is presently 142.15%.

Institutional Investors Weigh In On Brunswick

A number of institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG grew its position in Brunswick by 0.6% during the fourth quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock valued at $1,813,000 after acquiring an additional 160 shares during the period. Fifth Third Bancorp grew its position in Brunswick by 33.3% during the first quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock valued at $58,000 after acquiring an additional 269 shares during the period. Peterson Wealth Services boosted its position in shares of Brunswick by 2.5% in the first quarter. Peterson Wealth Services now owns 13,599 shares of the company's stock worth $732,000 after buying an additional 331 shares during the period. Xponance Inc. boosted its position in shares of Brunswick by 4.9% in the fourth quarter. Xponance Inc. now owns 7,617 shares of the company's stock worth $493,000 after buying an additional 359 shares during the period. Finally, Snowden Capital Advisors LLC boosted its position in shares of Brunswick by 6.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock worth $407,000 after buying an additional 378 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BC. Baird R W cut Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial reduced their price objective on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Robert W. Baird lifted their price objective on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Jefferies Financial Group reduced their price objective on Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Finally, BMO Capital Markets reduced their price objective on Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.31.

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.