Brunswick Co. (NYSE:BC) Director Nancy E. Cooper Sells 358 Shares

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 358 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $81.34, for a total value of $29,119.72. Following the sale, the director now directly owns 23,877 shares in the company, valued at $1,942,155.18. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Brunswick Stock Performance

Shares of Brunswick stock traded down $3.80 on Thursday, reaching $77.65. 288,261 shares of the stock were exchanged, compared to its average volume of 771,201. Brunswick Co. has a 1-year low of $66.47 and a 1-year high of $99.68. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average price of $76.15 and a two-hundred day moving average price of $82.97. The firm has a market capitalization of $5.25 billion, a PE ratio of 15.16 and a beta of 1.52.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, July 25th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.10). Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. The company’s quarterly revenue was down 15.2% compared to the same quarter last year. As a group, research analysts anticipate that Brunswick Co. will post 5.59 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, August 21st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, August 21st. Brunswick’s dividend payout ratio (DPR) is 31.23%.

Hedge Funds Weigh In On Brunswick

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its holdings in Brunswick by 108.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,979 shares of the company’s stock valued at $282,000 after purchasing an additional 2,067 shares in the last quarter. Van ECK Associates Corp boosted its stake in Brunswick by 18.7% during the 2nd quarter. Van ECK Associates Corp now owns 87,218 shares of the company’s stock valued at $6,347,000 after acquiring an additional 13,748 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its stake in Brunswick by 14.9% during the 2nd quarter. Birch Hill Investment Advisors LLC now owns 4,167 shares of the company’s stock valued at $303,000 after acquiring an additional 540 shares during the last quarter. Hantz Financial Services Inc. bought a new position in Brunswick during the 2nd quarter valued at $283,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Brunswick by 3.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,631 shares of the company’s stock valued at $1,065,000 after acquiring an additional 494 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BC shares. Roth Mkm reissued a “buy” rating and set a $94.00 target price on shares of Brunswick in a research note on Thursday, July 25th. Northcoast Research raised shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday. Robert W. Baird cut their price target on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a report on Friday, July 26th. 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. Finally, Benchmark restated a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $88.21.

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.