Brunswick's (BC) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm reiterated their buy rating on shares of Brunswick (NYSE:BC - Free Report) in a report published on Thursday morning, Benzinga reports. Roth Mkm currently has a $94.00 price target on the stock.

Several other equities analysts have also weighed in on BC. DA Davidson restated a neutral rating and set a $77.00 price objective on shares of Brunswick in a research report on Friday, March 15th. Truist Financial dropped their price objective on shares of Brunswick from $115.00 to $105.00 and set a buy rating on the stock in a research note on Friday, February 2nd. Stifel Nicolaus lifted their price objective on Brunswick from $88.00 to $97.00 and gave the company a buy rating in a research report on Wednesday, January 17th. Raymond James lowered Brunswick from an outperform rating to a market perform rating in a research report on Thursday, January 4th. Finally, BNP Paribas reiterated a neutral rating and issued a $82.00 target price (down from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $92.08.

Brunswick Price Performance

BC stock traded down $6.15 during trading on Thursday, hitting $79.98. The company had a trading volume of 1,799,054 shares, compared to its average volume of 755,464. The business has a 50 day moving average of $89.29 and a 200 day moving average of $84.80. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 13.44 and a beta of 1.56. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.95. Brunswick has a fifty-two week low of $66.47 and a fifty-two week high of $99.68.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.66 by ($0.21). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company posted $1.99 earnings per share. The company's revenue was down 14.0% on a year-over-year basis. As a group, research analysts predict that Brunswick will post 7.5 earnings per share for the current year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.10%. This is an increase from Brunswick's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 23rd. Brunswick's dividend payout ratio (DPR) is presently 28.24%.

Insider Activity

In related news, VP Christopher F. Dekker sold 6,234 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the transaction, the vice president now owns 35,176 shares of the company's stock, valued at $2,973,427.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the transaction, the vice president now directly owns 35,176 shares of the company's stock, valued at $2,973,427.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John G. Buelow sold 2,426 shares of the company's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the completion of the sale, the executive vice president now directly owns 14,199 shares in the company, valued at approximately $1,237,016.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,696 shares of company stock worth $4,574,199. Corporate insiders own 0.81% of the company's stock.

Institutional Investors Weigh In On Brunswick

A number of large investors have recently bought and sold shares of BC. Valley National Advisers Inc. acquired a new position in Brunswick in the third quarter worth $25,000. Principal Securities Inc. acquired a new position in Brunswick during the 4th quarter worth about $28,000. Johnson Financial Group Inc. bought a new stake in Brunswick during the 4th quarter worth about $30,000. Rise Advisors LLC grew its holdings in Brunswick by 249.5% during the 1st quarter. Rise Advisors LLC now owns 325 shares of the company's stock worth $31,000 after acquiring an additional 232 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its position in Brunswick by 347.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company's stock valued at $42,000 after acquiring an additional 337 shares in the last quarter. 99.34% of the stock is currently 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.