Brunswick (NYSE:BC) Price Target Lowered to $86.00 at Stifel Nicolaus

Brunswick (NYSE:BC) had its target price lowered by Stifel Nicolaus from $95.00 to $86.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on BC. Truist Financial reduced their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Benchmark reissued a “buy” rating and issued a $100.00 price objective on shares of Brunswick in a research note on Friday, October 25th. B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Finally, Citigroup lifted 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. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.46.

Brunswick Trading Up 2.4 %

Shares of BC stock opened at $67.35 on Wednesday. Brunswick has a 12-month low of $62.64 and a 12-month high of $96.65. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The firm’s 50 day moving average is $73.47 and its 200 day moving average is $76.92. The stock has a market capitalization of $4.44 billion, a P/E ratio of 16.75 and a beta of 1.54.

Insiders Place Their Bets

In other news, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.22, for a total value of $1,911,562.38. Following the sale, the chief executive officer now directly owns 251,094 shares of the company’s stock, valued at $20,142,760.68. This represents a 8.67 % 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 Nancy E. Cooper sold 366 shares of the company’s 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 directly owns 24,557 shares in the company, valued at $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 quarter, insiders have sold 28,940 shares of company stock valued at $2,321,176. Insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

Large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC boosted its holdings in Brunswick by 0.5% during the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after buying an additional 145 shares in the last quarter. Inspire Investing LLC boosted its holdings in Brunswick by 2.8% during the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock worth $465,000 after buying an additional 153 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Brunswick by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after buying an additional 174 shares in the last quarter. CWM LLC boosted its holdings in Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after buying an additional 235 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Brunswick by 3.0% during the third quarter. US Bancorp DE now owns 8,214 shares of the company’s stock worth $689,000 after buying an additional 241 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

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.