Analysts Set Brunswick Co. (NYSE:BC) Price Target at $89.23

Brunswick Co. (NYSE:BC) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $89.23.

A number of research firms have recently issued reports on BC. Truist Financial dropped their price target on Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Roth Mkm reissued a “buy” rating and set a $94.00 price target on shares of Brunswick in a research report on Thursday, July 25th. B. Riley dropped their price target on Brunswick from $108.00 to $97.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Monday, July 29th. Finally, Citigroup upped their price objective on Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th.

Brunswick Price Performance

BC opened at $80.89 on Friday. Brunswick has a 12-month low of $69.05 and a 12-month high of $99.68. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The business’s fifty day simple moving average is $80.70 and its 200-day simple moving average is $78.88. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 20.12 and a beta of 1.51.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 20th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, November 20th. Brunswick’s dividend payout ratio is presently 41.79%.

Insiders Place Their Bets

In other Brunswick news, Director Joseph W. Mcclanathan sold 4,745 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the completion of the sale, the director now owns 19,218 shares of the company’s stock, valued at approximately $1,540,130.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the completion of the sale, the director now owns 19,218 shares of the company’s stock, valued at $1,540,130.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the sale, the director now directly owns 24,557 shares of the company’s stock, valued at $1,969,225.83. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

A number of institutional investors and hedge funds have recently modified their holdings of the company. M&G Plc raised its position in Brunswick by 15.1% during the second quarter. M&G Plc now owns 55,218 shares of the company’s stock valued at $4,031,000 after acquiring an additional 7,261 shares in the last quarter. Jennison Associates LLC raised its position in Brunswick by 5.2% during the first quarter. Jennison Associates LLC now owns 848,728 shares of the company’s stock valued at $81,919,000 after acquiring an additional 42,332 shares in the last quarter. Russell Investments Group Ltd. raised its position in Brunswick by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 82,356 shares of the company’s stock valued at $7,942,000 after acquiring an additional 8,456 shares in the last quarter. Vanguard Group Inc. raised its position in Brunswick by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock valued at $701,331,000 after acquiring an additional 160,531 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Brunswick by 292.5% during the second quarter. Harbor Capital Advisors Inc. now owns 9,224 shares of the company’s stock valued at $671,000 after acquiring an additional 6,874 shares in the last quarter. Institutional investors and hedge funds 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.