Brokerages Set Brunswick Co. (NYSE:BC) Price Target at $88.54

Brunswick Co. (NYSE:BC) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $88.54.

A number of research firms have weighed in on BC. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Finally, Citigroup increased their price target on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research report on Friday, September 27th.

Insider Transactions at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. This represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction on Friday, October 25th. The shares were sold at an average price of $80.14, for a total value of $380,264.30. Following the completion of the transaction, the director now owns 19,218 shares in the company, valued at $1,540,130.52. The trade was a 19.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,940 shares of company stock worth $2,321,176. Insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Brunswick in the third quarter worth about $26,000. Avior Wealth Management LLC boosted its stake in shares of Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after purchasing an additional 612 shares during the last quarter. Covestor Ltd grew its position in shares of Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares during the period. GAMMA Investing LLC raised its stake in shares of Brunswick by 92.5% during the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after buying an additional 555 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Brunswick by 47.0% in the second quarter. Fifth Third Bancorp now owns 1,511 shares of the company’s stock valued at $110,000 after buying an additional 483 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of BC stock opened at $64.70 on Friday. The company has a market capitalization of $4.27 billion, a P/E ratio of 16.09 and a beta of 1.50. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Brunswick has a 12 month low of $64.00 and a 12 month high of $98.75. The stock has a 50 day moving average of $77.63 and a two-hundred day moving average of $77.70.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th were given a $0.42 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.68 annualized dividend and a yield of 2.60%. Brunswick’s payout ratio is 41.79%.

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.