Brunswick’s (BC) Neutral Rating Reiterated at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Brunswick (NYSE:BC) in a research note issued to investors on Friday, MarketBeat reports. They currently have a $56.00 price target on the stock, down from their prior price target of $90.00.

A number of other equities research analysts have also recently weighed in on the company. Roth Mkm cut their price target on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Truist Financial reduced their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley raised their price target on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Stifel Nicolaus cut their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Benchmark decreased their target price on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $79.00.

Brunswick Trading Down 2.8 %

Shares of NYSE BC opened at $46.60 on Friday. Brunswick has a 12-month low of $42.83 and a 12-month high of $94.70. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 24.53 and a beta of 1.42. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock’s 50 day simple moving average is $60.69 and its 200 day simple moving average is $70.81.

Brunswick (NYSE:BC) last posted 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 in the previous year, the business earned $1.45 EPS. Equities research analysts expect that Brunswick will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.69%. This is a boost from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is presently 90.53%.

Insiders Place Their Bets

In related news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the sale, the director now directly owns 25,361 shares of the company’s stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brunswick

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BC. Oak Thistle LLC acquired a new stake in shares of Brunswick in the fourth quarter worth $368,000. American Century Companies Inc. lifted its stake in Brunswick by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,462,558 shares of the company’s stock worth $94,599,000 after acquiring an additional 41,583 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Brunswick by 16.7% during the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock worth $49,578,000 after acquiring an additional 109,728 shares during the period. Proficio Capital Partners LLC purchased a new position in Brunswick during the 4th quarter valued at about $2,827,000. Finally, Channing Capital Management LLC increased its holdings in shares of Brunswick by 10.9% in the 4th quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company’s stock valued at $66,305,000 after purchasing an additional 100,412 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.