Brunswick Co. (NYSE:BC - Get Free Report) VP Brenna Preisser sold 1,225 shares of the company's stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $82.09, for a total value of $100,560.25. Following the completion of the sale, the vice president now owns 58,076 shares of the company's stock, valued at approximately $4,767,458.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Brunswick Price Performance
Shares of BC remained flat at $83.39 during trading hours on Friday. 596,383 shares of the company were exchanged, compared to its average volume of 735,326. The company has a market cap of $5.63 billion, a P/E ratio of 15.40 and a beta of 1.60. Brunswick Co. has a 1-year low of $66.47 and a 1-year high of $99.68. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16. The company's 50 day moving average is $88.01 and its 200-day moving average is $85.26.
Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). The company 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%. The business's quarterly revenue was down 21.7% on a year-over-year basis. During the same quarter last year, the business posted $2.57 earnings per share. As a group, equities analysts expect that Brunswick Co. will post 7.39 earnings per share for the current year.
Brunswick Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, May 10th. This represents a $1.68 annualized dividend and a dividend yield of 2.01%. Brunswick's dividend payout ratio is currently 31.23%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in BC. Commonwealth Equity Services LLC grew its stake in Brunswick by 3.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company's stock valued at $1,304,000 after buying an additional 535 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Brunswick by 5.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,658 shares of the company's stock worth $289,000 after buying an additional 205 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Brunswick by 2.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,488 shares of the company's stock worth $434,000 after buying an additional 155 shares in the last quarter. Verdence Capital Advisors LLC boosted its position 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Brunswick by 19.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,071 shares of the company's stock valued at $1,112,000 after acquiring an additional 2,328 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Truist Financial dropped their price target on Brunswick from $115.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, February 2nd. BNP Paribas reaffirmed a "neutral" rating and issued a $82.00 price objective (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Morgan Stanley reduced their price target on Brunswick from $91.00 to $86.00 and set an "equal weight" rating for the company in a research report on Friday, April 26th. Roth Mkm reissued a "buy" rating and issued a $94.00 price objective on shares of Brunswick in a research note on Thursday, April 25th. Finally, Stifel Nicolaus boosted their target price on Brunswick from $88.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and an average target price of $92.83.
Read Our Latest Analysis on BC
Brunswick Company Profile
(
Get Free Report)
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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