Brunswick's (BC) "Neutral" Rating Reaffirmed at DA Davidson

Brunswick (NYSE:BC - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at DA Davidson in a research note issued to investors on Monday,Benzinga reports. They presently have a $43.00 target price on the stock, down from their prior target price of $64.00. DA Davidson's price objective suggests a potential downside of 6.82% from the company's current price.

Several other research firms also recently commented on BC. Robert W. Baird reissued a "neutral" rating and set a $56.00 target price (down from $90.00) on shares of Brunswick in a research report on Friday, April 4th. Citigroup reduced their target price on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Jefferies Financial Group reduced their price objective on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research note on Thursday. Stifel Nicolaus lowered their target price on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Finally, Benchmark assumed coverage on shares of Brunswick in a research note on Monday. They set a "buy" rating and a $70.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Brunswick presently has a consensus rating of "Moderate Buy" and an average price target of $71.00.

Brunswick Stock Down 1.5 %

Shares of Brunswick stock traded down $0.71 during trading on Monday, hitting $46.15. 272,816 shares of the stock traded hands, compared to its average volume of 764,908. The firm has a market cap of $3.04 billion, a P/E ratio of 24.28 and a beta of 1.42. Brunswick has a 52-week low of $41.00 and a 52-week high of $87.65. The stock's fifty day simple moving average is $53.26 and its 200 day simple moving average is $66.43. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

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

Insider Activity

In other news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares in the company, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy E. Cooper sold 433 shares of the business'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 completion of the transaction, the director now owns 25,361 shares of the company's stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

Institutional Trading of Brunswick

Large investors have recently bought and sold shares of the business. Armstrong Advisory Group Inc. purchased a new position in Brunswick during the 4th quarter worth approximately $39,000. UMB Bank n.a. raised 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 in the last quarter. Financial Perspectives Inc bought a new position in Brunswick in the 4th quarter worth about $42,000. Quarry LP bought a new stake in Brunswick during the fourth quarter worth approximately $45,000. Finally, Fifth Third Bancorp lifted its position in shares of Brunswick by 33.3% in the 1st quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock valued at $58,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

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.

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