Brunswick Corp. (NYSE:BC) dropped 4.5% on Tuesday . The stock traded as low as $47.10 and last traded at $47.37, with a volume of 1,339,369 shares. The stock had previously closed at $49.60.

BC has been the subject of several recent analyst reports. Sterne Agee CRT restated a “buy” rating on shares of Brunswick Corp. in a research note on Thursday, April 21st. Zacks Investment Research cut Brunswick Corp. from a “buy” rating to a “hold” rating in a research note on Monday, April 25th. B. Riley reiterated a “buy” rating and issued a $70.00 price target on shares of Brunswick Corp. in a research note on Friday, April 29th. Royal Bank Of Canada increased their price target on Brunswick Corp. from $51.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, April 29th. Finally, Jefferies Group reiterated a “hold” rating and issued a $50.00 price target on shares of Brunswick Corp. in a research note on Friday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.09.

The firm has a market capitalization of $4.22 billion and a PE ratio of 18.22. The firm has a 50 day moving average price of $48.30 and a 200 day moving average price of $46.42.

Brunswick Corp. (NYSE:BC) last released its quarterly earnings results on Thursday, July 28th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. Analysts predict that Brunswick Corp. will post $3.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, August 23rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%.

In other news, insider John C. Pfeifer sold 1,519 shares of Brunswick Corp. stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $47.69, for a total transaction of $72,441.11. Following the completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO William Metzger sold 19,051 shares of Brunswick Corp. stock in a transaction on Friday, July 15th. The stock was sold at an average price of $49.52, for a total transaction of $943,405.52. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in Brunswick Corp. by 6.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 26,078 shares of the company’s stock worth $1,317,000 after buying an additional 1,471 shares in the last quarter. Trexquant Investment LP increased its stake in Brunswick Corp. by 145.0% in the fourth quarter. Trexquant Investment LP now owns 26,480 shares of the company’s stock valued at $1,338,000 after buying an additional 15,671 shares in the last quarter. US Bancorp DE increased its stake in Brunswick Corp. by 6.8% in the fourth quarter. US Bancorp DE now owns 59,619 shares of the company’s stock valued at $3,011,000 after buying an additional 3,791 shares in the last quarter. Principal Financial Group Inc. increased its stake in Brunswick Corp. by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 294,190 shares of the company’s stock valued at $14,859,000 after buying an additional 4,661 shares in the last quarter. Finally, Morgan Stanley increased its stake in Brunswick Corp. by 49.2% in the fourth quarter. Morgan Stanley now owns 344,040 shares of the company’s stock valued at $17,378,000 after buying an additional 113,526 shares in 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.

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