Brunswick (NYSE:BC) Now Covered by Analysts at Benchmark

Benchmark started coverage on shares of Brunswick (NYSE:BC - Free Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $70.00 price objective on the stock.

BC has been the subject of a number of other research reports. Citigroup decreased their price objective on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Roth Mkm cut their target price on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Robert W. Baird restated a "neutral" rating and set a $56.00 target price (down previously from $90.00) on shares of Brunswick in a research note on Friday, April 4th. Stifel Nicolaus cut their target price on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Finally, Truist Financial cut their target price 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. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $71.00.

Brunswick Stock Down 0.6 %

Brunswick stock traded down $0.26 during mid-day trading on Monday, reaching $46.10. The company's stock had a trading volume of 869,256 shares, compared to its average volume of 770,775. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 24.26 and a beta of 1.42. Brunswick has a 12 month low of $41.00 and a 12 month high of $87.65. The business's 50 day simple moving average is $52.21 and its 200 day simple moving average is $65.90. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

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. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm posted $1.35 EPS. The company's quarterly revenue was down 10.5% on a year-over-year basis. As a group, research analysts anticipate that Brunswick will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a dividend of $0.43 per share. The ex-dividend date was Monday, February 24th. This is a positive change from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 3.73%. Brunswick's payout ratio is 142.15%.

Insider Activity at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the firm's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 26,683 shares of the company's stock, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now directly owns 25,361 shares of the company's stock, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BC. FIL Ltd raised its position in Brunswick by 323.9% during the 4th quarter. FIL Ltd now owns 1,114,324 shares of the company's stock worth $72,074,000 after purchasing an additional 851,449 shares during the last quarter. Turtle Creek Asset Management Inc. raised its position in shares of Brunswick by 19.7% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after acquiring an additional 488,412 shares in the last quarter. Norges Bank bought a new position in shares of Brunswick in the 4th quarter worth about $30,097,000. Raymond James Financial Inc. bought a new position in shares of Brunswick in the 4th quarter worth about $29,646,000. Finally, JPMorgan Chase & Co. raised its position in shares of Brunswick by 18.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock worth $113,655,000 after acquiring an additional 269,413 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

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.