Brunswick Corp. (NYSE:BC) shares gapped up prior to trading on Friday . The stock had previously closed at $45.74, but opened at $46.35. Brunswick Corp. shares last traded at $47.66, with a volume of 316,320 shares trading hands.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Brunswick Corp. from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Monday, May 2nd. B. Riley restated a “buy” rating and set a $70.00 price target on shares of Brunswick Corp. in a report on Wednesday, May 4th. Sterne Agee CRT restated a “buy” rating and set a $60.00 price target on shares of Brunswick Corp. in a report on Friday, March 18th. Jefferies Group restated a “hold” rating and set a $50.00 price target on shares of Brunswick Corp. in a report on Friday, April 29th. Finally, Wedbush restated an “outperform” rating and set a $60.00 price target on shares of Brunswick Corp. in a report on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $56.55.

The stock’s 50-day moving average is $46.46 and its 200 day moving average is $45.64. The firm has a market cap of $4.33 billion and a PE ratio of 17.95.

Brunswick Corp. (NYSE:BC) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.71 earnings per share for the quarter, meeting the consensus estimate of $0.71. The business earned $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. On average, equities research analysts anticipate that Brunswick Corp. will post $3.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 24th were issued a $0.15 dividend. The ex-dividend date was Friday, May 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.26%.

In other Brunswick Corp. news, insider John C. Pfeifer sold 1,519 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $47.69, for a total value of $72,441.11. Following the sale, the insider now owns 50,655 shares of the company’s stock, valued at approximately $2,415,736.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Several hedge funds have added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in Brunswick Corp. by 44.0% in the fourth quarter. Bank of Montreal Can now owns 123,558 shares of the company’s stock valued at $6,240,000 after buying an additional 37,732 shares during the last quarter. Sei Investments Co. boosted its stake in Brunswick Corp. by 135.5% in the fourth quarter. Sei Investments Co. now owns 179,483 shares of the company’s stock valued at $9,065,000 after buying an additional 103,284 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Brunswick Corp. by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 116,989 shares of the company’s stock valued at $5,909,000 after buying an additional 382 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Brunswick Corp. by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 585,623 shares of the company’s stock valued at $29,582,000 after buying an additional 43,119 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Brunswick Corp. by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,101,151 shares of the company’s stock valued at $308,170,000 after buying an additional 56,448 shares during the last quarter.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.