Imperial Capital reissued their outperform rating on shares of Brunswick (NYSE:BC) in a research note published on Tuesday morning, Marketbeat Ratings reports. Imperial Capital currently has a $78.00 price objective on the stock, up from their prior price objective of $70.00.
BC has been the subject of a number of other reports. Northcoast Research set a $69.00 target price on Brunswick and gave the company a buy rating in a research report on Friday, March 2nd. Robert W. Baird reiterated a buy rating and set a $65.00 target price on shares of Brunswick in a research report on Friday, December 22nd. Wedbush upgraded Brunswick from a neutral rating to an outperform rating and increased their target price for the company from $57.54 to $70.00 in a research report on Wednesday, February 14th. Zacks Investment Research upgraded Brunswick from a sell rating to a hold rating in a research report on Thursday, January 18th. Finally, ValuEngine downgraded Brunswick from a buy rating to a hold rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $68.79.
Shares of Brunswick (BC) opened at $62.46 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. Brunswick has a fifty-two week low of $48.04 and a fifty-two week high of $64.45. The stock has a market cap of $5,470.00, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 0.83 and a beta of 1.82.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. Brunswick’s dividend payout ratio is presently 26.57%.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total value of $207,748.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher F. Dekker sold 3,100 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $58.84, for a total value of $182,404.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in BC. Goldman Sachs Group Inc. increased its stake in Brunswick by 128.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,006,453 shares of the company’s stock worth $166,017,000 after purchasing an additional 1,689,317 shares during the period. Wells Fargo & Company MN increased its stake in Brunswick by 213.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,131,199 shares of the company’s stock worth $117,685,000 after purchasing an additional 1,451,636 shares during the period. Impala Asset Management LLC purchased a new stake in Brunswick in the fourth quarter worth $50,358,000. Two Sigma Advisers LP increased its stake in Brunswick by 315.2% in the fourth quarter. Two Sigma Advisers LP now owns 1,093,746 shares of the company’s stock worth $60,397,000 after purchasing an additional 830,300 shares during the period. Finally, Lakewood Capital Management LP purchased a new stake in Brunswick in the fourth quarter worth $24,090,000. Institutional investors and hedge funds own 92.57% 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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