Nancy E. Cooper Sells 357 Shares of Brunswick Co. (NYSE:BC) Stock

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 357 shares of Brunswick stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the transaction, the director now directly owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Brunswick Price Performance

Brunswick stock opened at $81.37 on Friday. The company has a market capitalization of $5.60 billion, a PE ratio of 15.12 and a beta of 1.60. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average price of $88.38 and a two-hundred day moving average price of $85.02. Brunswick Co. has a 12 month low of $66.47 and a 12 month high of $99.68.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business earned $2.57 earnings per share. The firm’s quarterly revenue was down 21.7% on a year-over-year basis. Analysts expect that Brunswick Co. will post 7.39 EPS for the current year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be issued a $0.42 dividend. The ex-dividend date is Friday, May 10th. This represents a $1.68 dividend on an annualized basis and a yield of 2.06%. Brunswick’s payout ratio is 31.23%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. acquired a new position in shares of Brunswick in the 4th quarter worth approximately $28,000. Johnson Financial Group Inc. acquired a new position in Brunswick in the fourth quarter valued at $30,000. Valley National Advisers Inc. bought a new stake in Brunswick during the third quarter valued at $25,000. Rise Advisors LLC boosted its position in Brunswick by 249.5% during the first quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after acquiring an additional 232 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its holdings in Brunswick by 347.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock worth $42,000 after acquiring an additional 337 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Morgan Stanley cut their price target on shares of Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. DA Davidson reissued a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a research note on Friday, March 15th. B. Riley upgraded Brunswick from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $108.00 in a research note on Tuesday, February 20th. Finally, Truist Financial reduced their target price on Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and seven have given 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 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.