Brunswick Co. (NYSE:BC) Receives $81.85 Average Price Target from Analysts

Shares of Brunswick Co. (NYSE:BC) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $81.85.

A number of equities research analysts have commented on the company. Truist Financial lowered their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus lowered their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Morgan Stanley increased their target price on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Roth Mkm lowered their target price on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, DA Davidson lowered their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Oak Thistle LLC purchased a new position in shares of Brunswick in the 4th quarter worth $368,000. Global Alpha Capital Management Ltd. raised its position in Brunswick by 47.5% in the third quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock valued at $20,128,000 after purchasing an additional 77,340 shares during the period. JPMorgan Chase & Co. raised its position in Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after purchasing an additional 102,780 shares during the period. Barclays PLC raised its position in Brunswick by 78.6% in the third quarter. Barclays PLC now owns 118,189 shares of the company’s stock valued at $9,907,000 after purchasing an additional 52,024 shares during the period. Finally, Markel Group Inc. purchased a new position in Brunswick in the third quarter valued at about $1,173,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Stock Performance

BC opened at $64.95 on Friday. The stock has a market cap of $4.29 billion, a P/E ratio of 34.18 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $67.73 and its 200 day simple moving average is $75.76. Brunswick has a 1-year low of $62.64 and a 1-year high of $96.65.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping 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 in the previous year, the company posted $1.45 EPS. As a group, equities analysts anticipate that Brunswick will post 4.2 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.65%. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio is currently 88.42%.

About Brunswick

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.