Brunswick Corporation (NYSE:BC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Brunswick Corporation has received an average recommendation of "Moderate Buy" from analysts, with six holding and seven buying ratings among thirteen research firms.
• Recent earnings report showed Brunswick beat expectations with $1.16 EPS against a consensus of $0.89, and revenue of $1.45 billion compared to anticipation of $1.25 billion.
• The company announced a quarterly dividend of $0.43 per share, yielding 3.0%, with an ex-dividend date set for August 20th.

Brunswick Corporation (NYSE:BC - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $68.25.

BC has been the topic of several research analyst reports. DA Davidson raised their price objective on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Robert W. Baird lifted their price target on shares of Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Truist Financial dropped their price objective on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. BMO Capital Markets cut their target price on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Citigroup reiterated a "buy" rating and set a $68.00 price target (up from $61.00) on shares of Brunswick in a report on Monday, June 16th.

Brunswick Stock Down 1.5%

NYSE:BC traded down $0.86 on Friday, hitting $58.46. 136,765 shares of the company's stock were exchanged, compared to its average volume of 968,210. The firm has a 50-day moving average price of $57.48 and a 200-day moving average price of $56.23. Brunswick has a 52 week low of $41.00 and a 52 week high of $87.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. The company has a market cap of $3.82 billion, a P/E ratio of 94.17 and a beta of 1.28.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business earned $1.80 EPS. Brunswick's quarterly revenue was up .2% on a year-over-year basis. As a group, analysts expect that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 20th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick's payout ratio is 277.42%.

Insider Transactions at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the firm's 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 owned 44,466 shares of the company's stock, valued at $2,599,927.02. This trade represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.85% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Allworth Financial LP lifted its holdings in 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 acquiring an additional 547 shares during the period. UMB Bank n.a. lifted its stake in shares of Brunswick by 695.7% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after purchasing an additional 640 shares during the period. Geneos Wealth Management Inc. grew its position in Brunswick by 477.0% during the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company's stock valued at $39,000 after buying an additional 601 shares during the period. First Horizon Advisors Inc. increased its holdings in Brunswick by 171.6% in the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock valued at $41,000 after buying an additional 477 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Brunswick by 451.0% in the first quarter. Signaturefd LLC now owns 810 shares of the company's stock valued at $44,000 after buying an additional 663 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

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.