Brunswick (NYSE:BC) Given New $60.00 Price Target at DA Davidson

Brunswick (NYSE:BC) had its target price lowered by DA Davidson from $80.00 to $60.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also commented on BC. Benchmark restated a “buy” rating and issued a $100.00 price target on shares of Brunswick in a research report on Friday, October 25th. Truist Financial decreased their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Citigroup raised their price target on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus reduced their price objective on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and lowered their target price for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.46.

Brunswick Stock Down 2.5 %

Shares of NYSE:BC opened at $67.55 on Wednesday. The company’s fifty day moving average is $72.00 and its 200-day moving average is $76.85. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. Brunswick has a 52 week low of $62.64 and a 52 week high of $96.65. The company has a market capitalization of $4.46 billion, a PE ratio of 16.80 and a beta of 1.54.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the company’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 sale, the director now owns 19,218 shares of the company’s stock, valued at $1,540,130.52. The trade was a 19.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock worth $2,321,176 over the last 90 days. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in shares of Brunswick in the 3rd quarter valued at $26,000. Armstrong Advisory Group Inc. acquired a new position in Brunswick in the fourth quarter valued at about $39,000. Avior Wealth Management LLC increased its holdings in shares of Brunswick by 1,073.7% in the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after acquiring an additional 612 shares in the last quarter. Covestor Ltd raised its position in shares of Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after purchasing an additional 843 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after purchasing an additional 555 shares in the last quarter. 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.