Brunswick Corp. (NYSE:BC) has been assigned an average recommendation of “Buy” from the fifteen ratings firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $57.60.
Several equities research analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $65.00 price objective on shares of Brunswick Corp. in a research note on Friday, July 29th. Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Brunswick Corp. in a research report on Tuesday, June 21st. Robert W. Baird restated an “outperform” rating on shares of Brunswick Corp. in a research report on Saturday, June 25th. Imperial Capital initiated coverage on Brunswick Corp. in a research report on Tuesday, September 27th. They set an “outperform” rating and a $60.00 price target on the stock. Finally, Zacks Investment Research downgraded Brunswick Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th.
Shares of Brunswick Corp. (NYSE:BC) opened at 48.39 on Monday. Brunswick Corp. has a 12 month low of $36.05 and a 12 month high of $55.65. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 18.83 and a beta of 1.98. The company’s 50 day moving average price is $47.23 and its 200 day moving average price is $47.60.
Brunswick Corp. (NYSE:BC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.01. The company earned $1.24 billion during the quarter, compared to analyst estimates of $1.25 billion. Brunswick Corp. had a return on equity of 22.51% and a net margin of 5.58%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. On average, equities analysts expect that Brunswick Corp. will post $3.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 23rd were issued a dividend of $0.15 per share. The ex-dividend date was Friday, August 19th. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%. Brunswick Corp.’s dividend payout ratio is presently 23.26%.
In related news, CFO William Metzger sold 19,051 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $49.52, for a total transaction of $943,405.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in BC. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Brunswick Corp. during the second quarter worth about $109,000. Advisors Asset Management Inc. acquired a new position in shares of Brunswick Corp. during the second quarter worth about $109,000. World Asset Management Inc increased its position in shares of Brunswick Corp. by 0.3% in the second quarter. World Asset Management Inc now owns 4,441 shares of the company’s stock worth $201,000 after buying an additional 12 shares in the last quarter. BlackRock Japan Co. Ltd increased its position in shares of Brunswick Corp. by 362.8% in the first quarter. BlackRock Japan Co. Ltd now owns 4,272 shares of the company’s stock worth $205,000 after buying an additional 3,349 shares in the last quarter. Finally, Advisor Group Inc. purchased a new stake in Brunswick Corp. during the second quarter valued at $210,000. Institutional investors own 95.26% of the company’s stock.
About Brunswick Corp.
Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Company operates in three segments, which include Marine Engine, Boat and Fitness. The Marine Engine segment manufactures and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world.
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