Brunswick Co. (NYSE:BC) Director Nancy E. Cooper Sells 357 Shares

Brunswick Co. (NYSE:BC - Get Free Report) Director Nancy E. Cooper sold 357 shares of the company's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the transaction, the director now directly owns 23,211 shares of the company's stock, valued at $1,864,771.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Brunswick Stock Performance

BC traded down $0.31 on Wednesday, hitting $80.33. 616,589 shares of the company's stock were exchanged, compared to its average volume of 746,475. The firm has a market cap of $5.53 billion, a PE ratio of 14.93 and a beta of 1.56. Brunswick Co. has a twelve month low of $66.47 and a twelve month high of $99.68. The stock has a fifty day moving average of $88.81 and a two-hundred day moving average of $85.04. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.01). The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Brunswick had a return on equity of 25.37% and a net margin of 6.24%. Brunswick's revenue was down 21.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.57 EPS. On average, research analysts anticipate that Brunswick Co. will post 7.39 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were given a $0.42 dividend. This is a boost from Brunswick's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.68 annualized dividend and a yield of 2.09%. Brunswick's dividend payout ratio is 31.23%.

Analyst Upgrades and Downgrades

BC has been the subject of a number of analyst reports. Raymond James cut shares of Brunswick from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 4th. Roth Mkm reissued a "buy" rating and issued a $94.00 price objective on shares of Brunswick in a research report on Thursday, April 25th. Truist Financial decreased their price objective on shares of Brunswick from $115.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, February 2nd. BNP Paribas restated a "neutral" rating and issued a $82.00 target price (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Finally, DA Davidson restated a "neutral" rating and issued a $77.00 target price on shares of Brunswick in a research note on Friday, March 15th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Brunswick currently has a consensus rating of "Moderate Buy" and an average price target of $92.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Trust N.A. grew its position in Brunswick by 4.4% in the 4th quarter. Raymond James Trust N.A. now owns 2,863 shares of the company's stock worth $277,000 after purchasing an additional 120 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Brunswick by 4.3% in the third quarter. Verdence Capital Advisors LLC now owns 3,645 shares of the company's stock valued at $288,000 after acquiring an additional 149 shares in the last quarter. Wrapmanager Inc. boosted its holdings in shares of Brunswick by 5.6% in the third quarter. Wrapmanager Inc. now owns 2,806 shares of the company's stock valued at $222,000 after acquiring an additional 149 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Brunswick by 2.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,488 shares of the company's stock valued at $434,000 after acquiring an additional 155 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Brunswick by 17.9% in the third quarter. Fifth Third Bancorp now owns 1,042 shares of the company's stock valued at $82,000 after acquiring an additional 158 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.