Shares of Brunswick Co. (NYSE:BC) have been assigned a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $63.08.
Several brokerages have weighed in on BC. SunTrust Banks increased their price objective on Brunswick from $40.00 to $56.00 and gave the company a “buy” rating in a report on Friday, May 1st. Zacks Investment Research raised Brunswick from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Tuesday, June 16th. Wolfe Research began coverage on Brunswick in a report on Friday, April 17th. They set an “outperform” rating and a $44.00 price objective for the company. B. Riley reissued a “buy” rating and set a $88.00 price objective on shares of Brunswick in a report on Friday. Finally, ValuEngine lowered Brunswick from a “hold” rating to a “sell” rating in a report on Thursday, July 9th.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cantillon Capital Management LLC raised its position in Brunswick by 10.5% during the second quarter. Cantillon Capital Management LLC now owns 4,157,277 shares of the company’s stock valued at $266,107,000 after purchasing an additional 395,640 shares in the last quarter. Van Berkom & Associates Inc. raised its position in Brunswick by 17.9% during the first quarter. Van Berkom & Associates Inc. now owns 1,708,935 shares of the company’s stock valued at $60,445,000 after purchasing an additional 259,143 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in Brunswick by 2.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 1,547,778 shares of the company’s stock valued at $54,745,000 after purchasing an additional 41,010 shares in the last quarter. Principal Financial Group Inc. raised its position in Brunswick by 31.6% during the first quarter. Principal Financial Group Inc. now owns 1,361,493 shares of the company’s stock valued at $48,150,000 after purchasing an additional 326,762 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in Brunswick by 3.3% during the first quarter. TimesSquare Capital Management LLC now owns 1,283,400 shares of the company’s stock valued at $45,394,000 after purchasing an additional 40,575 shares in the last quarter. Institutional investors and hedge funds own 96.27% of the company’s stock.
Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.54. The company had revenue of $987.80 million during the quarter, compared to the consensus estimate of $801.62 million. Brunswick had a positive return on equity of 23.56% and a negative net margin of 0.84%. Brunswick’s revenue was down 15.2% on a year-over-year basis. During the same period last year, the business posted $1.45 earnings per share. Analysts forecast that Brunswick will post 2.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Tuesday, August 25th will be given a $0.24 dividend. The ex-dividend date is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.43%. Brunswick’s dividend payout ratio (DPR) is presently 22.17%.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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