Brunswick Corp. Upgraded to “Overweight” at Wells Fargo & Co. (BC)

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Brunswick Corp. (NYSE:BC) was upgraded by equities researchers at Wells Fargo & Co. to an “overweight” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.

In other Brunswick Corp. news, CEO Dustan Mccoy unloaded 12,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $43.34, for a total value of $520,080.00. Following the completion of the sale, the chief executive officer now directly owns 512,136 shares in the company, valued at approximately $22,195,974. The sale was disclosed in a document filed with the SEC, which is available at this link.

Several other analysts have also recently commented on the stock. Analysts at Jefferson Research downgraded shares of Brunswick Corp. from a “buy” rating to a “hold” rating in a research note on Friday. Separately, analysts at Ned Davis Research downgraded shares of Brunswick Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, January 13th. Finally, analysts at Ned Davis Research downgraded shares of Brunswick Corp. from a “buy” rating to a “neutral” rating in a research note on Monday, December 30th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.00.

Brunswick Corp. (NYSE:BC) traded up 0.88% on Monday, hitting $43.61. The stock had a trading volume of 583,139 shares. Brunswick Corp. has a 52 week low of $29.92 and a 52 week high of $47.08. The stock has a 50-day moving average of $42.98 and a 200-day moving average of $42.34. The company has a market cap of $4.037 billion and a price-to-earnings ratio of 5.27.

Brunswick Corp. (NYSE:BC) last announced its earnings results on Thursday, January 30th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $901.50 million for the quarter, compared to the consensus estimate of $872.30 million. Analysts expect that Brunswick Corp. will post $2.57 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, March 14th. Shareholders of record on Tuesday, February 25th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, February 21st.

Brunswick Corporation (NYSE:BC) is a worldwide designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness equipment and bowling and billiards equipment.

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