ValuEngine cut shares of Brunswick Corporation (NYSE:BC) from a buy rating to a hold rating in a research note published on Wednesday.
A number of other equities analysts have also issued reports on BC. Robert W. Baird reissued a buy rating and set a $68.00 price target on shares of Brunswick Corporation in a research report on Friday, September 8th. Stifel Nicolaus reissued a buy rating and set a $68.00 price target on shares of Brunswick Corporation in a research report on Thursday, September 7th. Forward View raised shares of Brunswick Corporation from a hold rating to a buy rating and set a $60.00 price target for the company in a research report on Sunday, September 3rd. KeyCorp reissued a buy rating and set a $62.00 price target on shares of Brunswick Corporation in a research report on Thursday, August 31st. Finally, Royal Bank Of Canada reissued a buy rating and set a $67.00 price target on shares of Brunswick Corporation in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $65.93.
Shares of Brunswick Corporation (BC) opened at 53.68 on Wednesday. The company’s 50-day moving average is $53.64 and its 200 day moving average is $57.82. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 17.03 and a beta of 1.82. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82.
Brunswick Corporation (NYSE:BC) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.02. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. Brunswick Corporation’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS. On average, equities research analysts anticipate that Brunswick Corporation will post $4.05 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.23%. Brunswick Corporation’s payout ratio is 20.95%.
In related news, insider William Metzger sold 15,301 shares of Brunswick Corporation stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $62.50, for a total value of $956,312.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Mark D. Schwabero sold 2,738 shares of Brunswick Corporation stock in a transaction on Friday, July 14th. The shares were sold at an average price of $63.72, for a total transaction of $174,465.36. Following the completion of the sale, the chairman now directly owns 219,783 shares in the company, valued at approximately $14,004,572.76. The disclosure for this sale can be found here. Insiders sold a total of 50,880 shares of company stock worth $3,224,030 in the last three months. 1.00% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new stake in Brunswick Corporation during the 2nd quarter worth $134,000. Bronfman E.L. Rothschild L.P. boosted its stake in Brunswick Corporation by 149.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after purchasing an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Brunswick Corporation by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after purchasing an additional 280 shares during the last quarter. Advisor Group Inc. boosted its stake in Brunswick Corporation by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after purchasing an additional 87 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in Brunswick Corporation during the 1st quarter worth $207,000. 93.99% of the stock is currently owned by hedge funds and other institutional investors.
Brunswick Corporation 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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