Brunswick (NYSE:BC) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Brunswick (NYSE:BC) had its target price boosted by Robert W. Baird from $56.00 to $60.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

BC has been the subject of a number of other reports. Truist Financial reduced their target price on shares of Brunswick from $85.00 to $60.00 and set a “buy” rating for the company in a report on Monday, April 14th. Jefferies Financial Group reduced their target price on shares of Brunswick from $64.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Baird R W cut shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Citigroup reduced their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, Benchmark began coverage on shares of Brunswick in a report on Monday, April 28th. They set a “buy” rating and a $70.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Brunswick currently has a consensus rating of “Moderate Buy” and an average target price of $71.31.

Brunswick Trading Up 2.4%

Brunswick stock opened at $53.24 on Friday. The firm has a 50 day simple moving average of $49.69 and a 200-day simple moving average of $62.96. 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 has a market capitalization of $3.50 billion, a PE ratio of 28.02 and a beta of 1.28. Brunswick has a 12-month low of $41.00 and a 12-month high of $87.65.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.31. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The business’s revenue was down 10.5% on a year-over-year basis. During the same period last year, the firm posted $1.35 earnings per share. As a group, equities research analysts expect that Brunswick will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be issued a $0.43 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.23%. Brunswick’s payout ratio is currently 142.15%.

Insider Activity

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares of the company’s stock, valued at $1,686,632.43. This trade represents a 11.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Institutional investors have recently modified their holdings of the stock. Allworth Financial LP boosted its stake in shares of Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $30,000 after buying an additional 547 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in shares of Brunswick during the 4th quarter valued at $39,000. UMB Bank n.a. boosted its stake in shares of Brunswick by 695.7% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the company’s stock valued at $39,000 after buying an additional 640 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Brunswick by 171.6% during the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock valued at $41,000 after buying an additional 477 shares during the period. Finally, Financial Perspectives Inc acquired a new stake in shares of Brunswick in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

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.