Randall S. Altman Sells 3,417 Shares of Brunswick Co. (NYSE:BC) Stock

Brunswick Co. (NYSE:BC) SVP Randall S. Altman sold 3,417 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value 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 represents a 11.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Brunswick Trading Up 0.9 %

Shares of NYSE BC opened at $60.81 on Friday. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 32.01 and a beta of 1.54. Brunswick Co. has a 12-month low of $59.25 and a 12-month high of $96.65. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock’s 50 day simple moving average is $65.78 and its 200 day simple moving average is $74.79.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same period in the prior year, the business posted $1.45 EPS. Equities research analysts expect that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a $0.43 dividend. This is a boost from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 2.83%. The ex-dividend date is Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is currently 90.53%.

Institutional Trading of Brunswick

Several large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in Brunswick by 0.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after acquiring an additional 145 shares during the period. Deutsche Bank AG increased its position in Brunswick by 0.6% in the 4th quarter. Deutsche Bank AG now owns 28,031 shares of the company’s stock valued at $1,813,000 after acquiring an additional 160 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Brunswick by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after acquiring an additional 174 shares during the period. Pacer Advisors Inc. increased its position in shares of Brunswick by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after purchasing an additional 190 shares during the period. Finally, US Bancorp DE increased its position in shares of Brunswick by 3.0% during the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company’s stock valued at $689,000 after purchasing an additional 241 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BC has been the subject of a number of analyst reports. Truist Financial reduced their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Roth Mkm reduced their price target on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 24th. Stifel Nicolaus reduced their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Citigroup reduced their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, DA Davidson reduced their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Brunswick presently has a consensus rating of “Moderate Buy” and an average target price of $81.62.

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.