Brunswick’s (BC) Neutral Rating Reaffirmed at BNP Paribas

BNP Paribas reiterated their neutral rating on shares of Brunswick (NYSE:BC) in a research report released on Monday morning, Marketbeat reports. They currently have a $82.00 target price on the stock, down from their previous target price of $94.00.

A number of other research analysts also recently issued reports on BC. DA Davidson reaffirmed a neutral rating and set a $77.00 price target on shares of Brunswick in a report on Friday, March 15th. B. Riley upgraded Brunswick from a neutral rating to a buy rating and raised their price target for the company from $100.00 to $108.00 in a report on Tuesday, February 20th. Roth Mkm raised their price objective on Brunswick from $85.00 to $94.00 and gave the company a buy rating in a research note on Friday, February 2nd. Raymond James lowered Brunswick from an outperform rating to a market perform rating in a research note on Thursday, January 4th. Finally, Stifel Nicolaus raised their price objective on Brunswick from $88.00 to $97.00 and gave the company a buy rating in a research note on Wednesday, January 17th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $92.69.

Brunswick Price Performance

BC opened at $82.09 on Monday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43. Brunswick has a 52-week low of $66.47 and a 52-week high of $99.68. The stock has a market capitalization of $5.65 billion, a PE ratio of 13.80 and a beta of 1.56. The stock’s 50 day moving average price is $89.38 and its 200-day moving average price is $84.47.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, February 1st. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.21). The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Brunswick had a net margin of 6.57% and a return on equity of 29.78%. Brunswick’s quarterly revenue was down 14.0% on a year-over-year basis. During the same period last year, the firm posted $1.99 earnings per share. On average, equities research analysts predict that Brunswick will post 7.49 EPS for the current year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were given a dividend of $0.42 per share. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 2.05%. The ex-dividend date was Friday, February 23rd. Brunswick’s dividend payout ratio is currently 28.24%.

Insider Buying and Selling at Brunswick

In other news, CFO Ryan M. Gwillim sold 9,036 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $87.10, for a total value of $787,035.60. Following the sale, the chief financial officer now owns 28,966 shares in the company, valued at $2,522,938.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Brunswick news, CEO David M. Foulkes sold 35,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the transaction, the chief executive officer now owns 272,626 shares in the company, valued at $23,748,450.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Ryan M. Gwillim sold 9,036 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $87.10, for a total value of $787,035.60. Following the transaction, the chief financial officer now directly owns 28,966 shares of the company’s stock, valued at approximately $2,522,938.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,696 shares of company stock worth $4,574,199. 0.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brunswick

A number of hedge funds have recently made changes to their positions in BC. Principal Securities Inc. acquired a new stake in shares of Brunswick in the fourth quarter valued at approximately $28,000. Johnson Financial Group Inc. purchased a new position in Brunswick in the fourth quarter valued at $30,000. Valley National Advisers Inc. purchased a new position in Brunswick in the third quarter valued at $25,000. Rise Advisors LLC boosted its holdings in Brunswick by 249.5% in the first quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 232 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake in Brunswick by 347.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock valued at $42,000 after buying an additional 337 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

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.