Brunswick Co. (NYSE:BC) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Brunswick Co. (NYSE:BC) have earned an average rating of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $85.77.

BC has been the topic of a number of research analyst reports. Morgan Stanley decreased their target price on Brunswick from $78.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday. B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Citigroup lifted their target price on shares of Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus decreased their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, Benchmark reaffirmed a “buy” rating and set a $100.00 price objective on shares of Brunswick in a report on Friday, October 25th.

Brunswick Stock Up 2.5 %

BC opened at $69.11 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.97 and a quick ratio of 0.74. Brunswick has a one year low of $62.64 and a one year high of $96.65. The firm has a market capitalization of $4.56 billion, a P/E ratio of 17.19 and a beta of 1.54. The company has a fifty day moving average price of $72.29 and a 200-day moving average price of $76.91.

Insider Transactions at Brunswick

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s 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 sale, the director now owns 19,218 shares of the company’s stock, valued at $1,540,130.52. This trade represents a 19.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the transaction, the director now directly owns 24,557 shares of the company’s stock, valued at approximately $1,969,225.83. This trade represents a 1.47 % 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. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its position in shares of Brunswick by 0.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after buying an additional 145 shares during the last quarter. Inspire Investing LLC boosted its holdings in Brunswick by 2.8% in the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after acquiring an additional 153 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Brunswick by 3.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after acquiring an additional 174 shares in the last quarter. CWM LLC raised its holdings in Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after purchasing an additional 235 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Brunswick by 3.0% in the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company’s stock worth $689,000 after purchasing an additional 241 shares during the period. Hedge funds and other institutional investors 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.