Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Brunswick Corp. from a hold rating to a sell rating in a report on Friday. B. Riley reiterated a buy rating and set a $65.00 price target on shares of Brunswick Corp. in a report on Friday, July 29th. Robert W. Baird reiterated an outperform rating and set a $60.00 price target on shares of Brunswick Corp. in a report on Wednesday, July 6th. Off Wall Street assumed coverage on shares of Brunswick Corp. in a report on Monday, July 18th. They set a sell rating for the company. Finally, Wedbush reiterated an outperform rating and set a $60.00 price target on shares of Brunswick Corp. in a report on Tuesday, June 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $56.69.
Brunswick Corp. (NYSE:BC) opened at 48.05 on Friday. The firm has a market capitalization of $4.34 billion, a PE ratio of 18.70 and a beta of 1.98. The stock’s 50 day moving average is $47.49 and its 200-day moving average is $47.66. Brunswick Corp. has a one year low of $36.05 and a one year high of $55.65.
Brunswick Corp. (NYSE:BC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.01. Brunswick Corp. had a net margin of 5.58% and a return on equity of 22.51%. The company earned $1.24 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business posted $1.05 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, analysts anticipate that Brunswick Corp. will post $3.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, August 19th. Brunswick Corp.’s dividend payout ratio (DPR) is 23.26%.
A number of hedge funds have recently made changes to their positions in BC. Aperio Group LLC increased its stake in shares of Brunswick Corp. by 1.7% in the first quarter. Aperio Group LLC now owns 12,216 shares of the company’s stock valued at $586,000 after buying an additional 210 shares during the period. TIAA CREF Investment Management LLC increased its stake in shares of Brunswick Corp. by 56.5% in the first quarter. TIAA CREF Investment Management LLC now owns 326,232 shares of the company’s stock valued at $15,653,000 after buying an additional 117,763 shares during the period. BlackRock Inc. increased its stake in shares of Brunswick Corp. by 18.4% in the first quarter. BlackRock Inc. now owns 45,763 shares of the company’s stock valued at $2,196,000 after buying an additional 7,099 shares during the period. BlackRock Group LTD increased its stake in shares of Brunswick Corp. by 10.0% in the first quarter. BlackRock Group LTD now owns 99,493 shares of the company’s stock valued at $4,775,000 after buying an additional 9,029 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of Brunswick Corp. by 13.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,487,571 shares of the company’s stock valued at $167,334,000 after buying an additional 424,611 shares during the period. 95.26% of the stock is currently owned by institutional investors.
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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