Brunswick’s (BC) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm restated their buy rating on shares of Brunswick (NYSE:BC) in a research report released on Thursday morning, Benzinga reports. The firm currently has a $94.00 target price on the stock.

BC has been the subject of several other research reports. BNP Paribas restated a neutral rating and issued a $82.00 price target (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Stifel Nicolaus increased their price target on Brunswick from $88.00 to $97.00 and gave the company a buy rating in a research report on Wednesday, January 17th. B. Riley raised Brunswick from a neutral rating to a buy rating and boosted their price objective for the stock from $100.00 to $108.00 in a research report on Tuesday, February 20th. DA Davidson reaffirmed a neutral rating and issued a $77.00 target price on shares of Brunswick in a report on Friday, March 15th. Finally, Truist Financial lowered their price target on shares of Brunswick from $115.00 to $105.00 and set a buy rating for the company in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Brunswick has an average rating of Moderate Buy and a consensus target price of $92.83.

Brunswick Stock Up 1.4 %

Shares of NYSE BC opened at $81.08 on Thursday. Brunswick has a 52-week low of $66.47 and a 52-week high of $99.68. The business’s 50 day moving average is $89.02 and its two-hundred day moving average is $84.81. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 15.07 and a beta of 1.56. The company has a quick ratio of 0.59, a current ratio of 1.68 and a debt-to-equity ratio of 1.16.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The business’s revenue was down 21.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.57 earnings per share. Research analysts predict that Brunswick will post 7.5 EPS for the current year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.07%. This is a boost from Brunswick’s previous quarterly dividend of $0.40. Brunswick’s dividend payout ratio (DPR) is currently 31.23%.

Insider Buying and Selling at Brunswick

In related news, EVP John G. Buelow sold 2,426 shares of Brunswick stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the completion of the transaction, the executive vice president now directly owns 14,199 shares in the company, valued at approximately $1,237,016.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO David M. Foulkes sold 35,000 shares of Brunswick stock in a transaction dated 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 in the company, valued at $23,748,450.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John G. Buelow sold 2,426 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $87.12, for a total transaction of $211,353.12. Following the transaction, the executive vice president now directly owns 14,199 shares in the company, valued at approximately $1,237,016.88. The disclosure for this sale can be found here. In the last three months, insiders sold 52,696 shares of company stock worth $4,574,199. 0.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Alps Advisors Inc. increased its position in Brunswick by 224.7% during the third quarter. Alps Advisors Inc. now owns 49,446 shares of the company’s stock worth $3,906,000 after purchasing an additional 34,220 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Brunswick by 127.6% in the third quarter. Victory Capital Management Inc. now owns 866,226 shares of the company’s stock valued at $68,432,000 after acquiring an additional 485,588 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Brunswick during the fourth quarter valued at about $20,460,000. Envestnet Asset Management Inc. lifted its stake in shares of Brunswick by 29.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 144,584 shares of the company’s stock valued at $11,422,000 after purchasing an additional 32,901 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Brunswick by 10.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 156,596 shares of the company’s stock valued at $12,371,000 after purchasing an additional 15,042 shares in the last quarter. Hedge funds and other 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.