ValuEngine lowered shares of Brunswick (NYSE:BC) from a buy rating to a hold rating in a research note released on Wednesday morning.
Several other analysts have also recently issued reports on BC. Citigroup upped their price objective on shares of Brunswick from $66.00 to $69.00 and gave the company a buy rating in a research note on Tuesday, February 6th. CL King reaffirmed a neutral rating on shares of Brunswick in a research note on Friday, February 2nd. BMO Capital Markets upped their price objective on shares of Brunswick to $69.00 and gave the company an outperform rating in a research note on Monday, February 5th. B. Riley set a $65.00 price objective on shares of Brunswick and gave the company a buy rating in a research note on Tuesday, October 31st. Finally, Northcoast Research set a $64.00 price objective on shares of Brunswick and gave the company a buy rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. The company has an average rating of Buy and an average target price of $66.13.
Brunswick (BC) opened at $57.20 on Wednesday. Brunswick has a 1 year low of $48.04 and a 1 year high of $64.45. The firm has a market cap of $5,011.78, a PE ratio of 35.98, a P/E/G ratio of 0.77 and a beta of 1.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be issued a $0.19 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.76 annualized dividend and a dividend yield of 1.33%. Brunswick’s dividend payout ratio is currently 47.80%.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Christopher F. Dekker sold 3,100 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $58.84, for a total transaction of $182,404.00. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC acquired a new stake in Brunswick during the 4th quarter worth approximately $128,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after buying an additional 2,201 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in Brunswick during the 4th quarter worth approximately $238,000. Boothbay Fund Management LLC acquired a new stake in Brunswick during the 3rd quarter worth approximately $252,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Brunswick during the 2nd quarter worth approximately $263,000. Institutional investors own 89.61% of the company’s stock.
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Brunswick Company Profile
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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