Brokerages Set Brunswick Co. (NYSE:BC) Target Price at $93.58

Shares of Brunswick Co. (NYSE:BCGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $92.08.

Several equities analysts have commented on BC shares. BNP Paribas reissued a “neutral” rating and set a $82.00 target price (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. B. Riley raised shares of Brunswick from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $108.00 in a research note on Tuesday, February 20th. Truist Financial dropped their target price on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. DA Davidson reiterated a “neutral” rating and issued a $77.00 target price on shares of Brunswick in a report on Friday, March 15th. Finally, Roth Mkm boosted their target price on shares of Brunswick from $85.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, February 2nd.

Get Our Latest Report on Brunswick

Brunswick Price Performance

Shares of BC stock opened at $83.94 on Monday. The firm has a market cap of $5.78 billion, a P/E ratio of 14.11 and a beta of 1.56. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 0.59. Brunswick has a 1-year low of $66.47 and a 1-year high of $99.68. The firm has a fifty day moving average of $89.34 and a two-hundred day moving average of $84.63.

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

Brunswick Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from Brunswick’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. Brunswick’s payout ratio is presently 28.24%.

Insiders Place Their Bets

In related news, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the completion of the sale, the chief executive officer now directly owns 272,626 shares of the company’s stock, valued at approximately $23,748,450.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the completion of the transaction, the chief executive officer now directly owns 272,626 shares in the company, valued at approximately $23,748,450.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the transaction, the vice president now owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The disclosure for this sale can be found here. Insiders sold 52,696 shares of company stock valued at $4,574,199 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

A number of hedge funds have recently added to or reduced their stakes in BC. International Assets Investment Management LLC bought a new stake in Brunswick during the 1st quarter worth about $52,000. Bank of Montreal Can boosted its stake in shares of Brunswick by 140.4% in the 1st quarter. Bank of Montreal Can now owns 41,387 shares of the company’s stock valued at $3,496,000 after purchasing an additional 24,171 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Brunswick by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 28,255 shares of the company’s stock valued at $2,286,000 after purchasing an additional 2,694 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Brunswick by 0.7% in the 1st quarter. BlackRock Inc. now owns 6,426,552 shares of the company’s stock valued at $519,843,000 after purchasing an additional 46,519 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Brunswick by 9.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 45,006 shares of the company’s stock valued at $3,746,000 after purchasing an additional 3,992 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

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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Analyst Recommendations for Brunswick (NYSE:BC)

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