Brunswick Co. (NYSE:BC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Brunswick Co. (NYSE:BC) has earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $85.77.

BC has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Brunswick from $78.00 to $64.00 and set an “equal weight” rating on the stock in a report on Tuesday. Citigroup boosted their price objective on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their target price for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Stifel Nicolaus dropped their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, Truist Financial reduced their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th.

Brunswick Trading Up 2.5 %

BC opened at $69.11 on Wednesday. The stock has a market cap of $4.56 billion, a PE ratio of 17.19 and a beta of 1.54. The business has a 50 day moving average of $72.29 and a 200-day moving average of $76.91. Brunswick has a 52 week low of $62.64 and a 52 week high of $96.65. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17.

Insiders Place Their Bets

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the sale, the director now directly owns 19,218 shares in the company, valued at approximately $1,540,130.52. The trade was a 19.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the completion of the transaction, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,940 shares of company stock valued at $2,321,176. 0.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Brunswick

Institutional investors have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its holdings in Brunswick by 17.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock valued at $259,010,000 after buying an additional 452,116 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Brunswick by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,096,808 shares of the company’s stock worth $152,577,000 after purchasing an additional 144,416 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after purchasing an additional 102,780 shares during the period. Victory Capital Management Inc. lifted its position in Brunswick by 13.5% during the third quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock valued at $118,563,000 after purchasing an additional 168,384 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Brunswick by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock valued at $90,171,000 after purchasing an additional 28,781 shares during the period. Institutional investors 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.