Christopher F. Dekker Sells 2,092 Shares of Brunswick Co. (NYSE:BC) Stock

Brunswick Co. (NYSE:BC) VP Christopher F. Dekker sold 2,092 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of the transaction, the vice president now owns 44,466 shares of the company’s stock, valued at approximately $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Brunswick Stock Down 0.3%

Shares of NYSE BC opened at $58.22 on Thursday. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average of $48.86 and a 200 day moving average of $59.67. Brunswick Co. has a 12-month low of $41.00 and a 12-month high of $87.65. The stock has a market cap of $3.82 billion, a PE ratio of 30.64 and a beta of 1.27.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.31. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business posted $1.35 EPS. The company’s revenue was down 10.5% compared to the same quarter last year. As a group, sell-side analysts predict that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, May 19th. Brunswick’s payout ratio is currently 142.15%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Truist Financial dropped their target price on Brunswick from $85.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. B. Riley upgraded shares of Brunswick to a “hold” rating in a research note on Wednesday, February 12th. Baird R W downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Benchmark initiated coverage on shares of Brunswick in a report on Monday, April 28th. They set a “buy” rating and a $70.00 target price for the company. Finally, Robert W. Baird increased their price target on Brunswick from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Brunswick presently has an average rating of “Moderate Buy” and a consensus target price of $71.31.

Institutional Investors Weigh In On Brunswick

Large investors have recently modified their holdings of the stock. Inspire Investing LLC raised its position in shares of Brunswick by 9.6% during the 1st quarter. Inspire Investing LLC now owns 7,460 shares of the company’s stock worth $402,000 after purchasing an additional 655 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Brunswick by 477.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after acquiring an additional 601 shares during the last quarter. Bayforest Capital Ltd acquired a new position in Brunswick in the first quarter worth $496,000. SCS Capital Management LLC bought a new position in shares of Brunswick during the first quarter worth about $263,000. Finally, Palogic Value Management L.P. raised its position in shares of Brunswick by 4.7% during the 1st quarter. Palogic Value Management L.P. now owns 25,277 shares of the company’s stock worth $1,361,000 after buying an additional 1,134 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.