Brunswick Corp. (NYSE:BC) has been assigned an average recommendation of “Buy” from the fifteen research firms that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $57.60.
BC has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and set a $60.00 price target on shares of Brunswick Corp. in a research note on Saturday, July 2nd. Imperial Capital began coverage on shares of Brunswick Corp. in a research report on Tuesday, September 27th. They issued an “outperform” rating and a $60.00 target price for the company. Robert W. Baird reissued an “outperform” rating on shares of Brunswick Corp. in a research report on Saturday, June 25th. Zacks Investment Research downgraded shares of Brunswick Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Finally, Off Wall Street began coverage on shares of Brunswick Corp. in a research report on Monday, July 18th. They issued a “sell” rating for the company.
Brunswick Corp. (NYSE:BC) traded up 0.23% during trading on Monday, reaching $48.89. 203,534 shares of the company’s stock traded hands. Brunswick Corp. has a 1-year low of $36.05 and a 1-year high of $55.65. The stock has a 50-day moving average price of $47.06 and a 200 day moving average price of $47.50. The stock has a market capitalization of $4.41 billion, a P/E ratio of 19.02 and a beta of 1.98.
Brunswick Corp. (NYSE:BC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.25 billion. Brunswick Corp. had a net margin of 5.58% and a return on equity of 22.51%. Brunswick Corp.’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $1.05 EPS. Equities research analysts expect that Brunswick Corp. will post $3.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, August 19th. Brunswick Corp.’s payout ratio is 23.26%.
In other Brunswick Corp. news, CFO William Metzger sold 19,051 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $49.52, for a total transaction of $943,405.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.50% of the company’s stock.
Several hedge funds have recently modified their holdings of BC. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Brunswick Corp. during the second quarter worth $109,000. Advisors Asset Management Inc. bought a new stake in shares of Brunswick Corp. during the second quarter worth $109,000. World Asset Management Inc raised its stake 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 raised its stake 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. bought a new stake in shares of Brunswick Corp. during the second quarter worth $210,000. 95.26% of the stock is owned by institutional investors.
Brunswick Corp. Company Profile
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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