Analysts Set Brunswick Corporation (NYSE:BC) PT at $70.00

Shares of Brunswick Corporation (NYSE:BC - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen ratings firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $70.00.

Several equities analysts recently commented on the company. Jefferies Financial Group dropped their price objective on Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. 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. Citigroup reiterated a "buy" rating and issued a $68.00 price objective (up previously from $61.00) on shares of Brunswick in a research note on Monday, June 16th. 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, Benchmark started coverage on shares of Brunswick in a report on Monday, April 28th. They set a "buy" rating and a $70.00 target price on the stock.

Insider Buying and Selling

In related news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total value of $122,319.24. Following the transaction, the vice president owned 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BC. Charles Schwab Investment Management Inc. increased its stake in Brunswick by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company's stock valued at $46,269,000 after acquiring an additional 14,089 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Brunswick during the fourth quarter valued at about $2,827,000. Raymond James Financial Inc. purchased a new stake in Brunswick during the fourth quarter valued at about $29,646,000. Ashton Thomas Private Wealth LLC boosted its position in Brunswick by 38.4% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 8,884 shares of the company's stock valued at $575,000 after buying an additional 2,463 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Brunswick by 56.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,537 shares of the company's stock valued at $358,000 after buying an additional 1,992 shares during the period. Institutional investors own 99.34% of the company's stock.

Brunswick Stock Performance

Shares of NYSE BC traded up $0.40 during midday trading on Wednesday, reaching $59.69. The company's stock had a trading volume of 481,236 shares, compared to its average volume of 812,323. Brunswick has a 12-month low of $41.00 and a 12-month high of $87.65. The firm has a 50 day moving average price of $53.39 and a 200-day moving average price of $56.99. The stock has a market capitalization of $3.92 billion, a P/E ratio of 49.33 and a beta of 1.27. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.57 and a quick ratio of 0.65.

Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.31. Brunswick had a return on equity of 12.88% and a net margin of 1.62%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $1.35 EPS. The company's revenue was down 10.5% compared to the same quarter last year. As a group, equities analysts predict that Brunswick will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were paid a $0.43 dividend. 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 2.88%. Brunswick's dividend payout ratio is presently 142.15%.

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.