Brunswick (NYSE:BC) Reaches New 12-Month Low – Should You Sell?

Shares of Brunswick Co. (NYSE:BC) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $62.60 and last traded at $62.45, with a volume of 228690 shares trading hands. The stock had previously closed at $64.02.

Analyst Ratings Changes

BC has been the subject of several analyst reports. Truist Financial decreased their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. B. Riley raised Brunswick to a “hold” rating in a report on Wednesday, February 12th. DA Davidson cut their price objective on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Roth Mkm cut their price target on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, Benchmark cut their price target on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.85.

Brunswick Stock Performance

The firm has a 50-day moving average price of $66.58 and a 200 day moving average price of $75.23. The firm has a market capitalization of $4.14 billion, a PE ratio of 33.06 and a beta of 1.54. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC) last released its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same period last year, the firm earned $1.45 earnings per share. Research analysts expect that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 2.74%. Brunswick’s dividend payout ratio (DPR) is 88.42%.

Insider Activity at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the sale, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is currently owned by company insiders.

Institutional Trading of Brunswick

A number of hedge funds and other institutional investors have recently made changes to their positions in BC. Armstrong Advisory Group Inc. acquired a new stake in shares of Brunswick during the fourth quarter worth about $39,000. Financial Perspectives Inc acquired a new position in Brunswick in the 4th quarter valued at about $42,000. Quarry LP acquired a new position in Brunswick in the 4th quarter valued at about $45,000. Avior Wealth Management LLC increased its position in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares during the period. Finally, Covestor Ltd increased its position in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after acquiring an additional 843 shares during the period. 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.