Brunswick Corporation (BC) Receives Hold Rating from Jefferies Group LLC
Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Brunswick Corporation from a hold rating to a sell rating in a research note on Friday, April 14th. BMO Capital Markets restated a buy rating and set a $72.00 target price on shares of Brunswick Corporation in a research note on Monday, March 20th. BidaskClub upgraded Brunswick Corporation from a hold rating to a buy rating in a research note on Tuesday, June 13th. Royal Bank Of Canada restated a buy rating and set a $65.00 target price on shares of Brunswick Corporation in a research note on Sunday, June 11th. Finally, Stifel Nicolaus restated an outperform rating and set a $65.00 target price (up from $64.00) on shares of Brunswick Corporation in a research note on Friday, April 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $67.00.
Brunswick Corporation (NYSE:BC) traded down 0.85% on Friday, reaching $62.65. The company had a trading volume of 491,708 shares. The firm has a 50-day moving average of $58.36 and a 200-day moving average of $58.23. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82. The stock has a market capitalization of $5.60 billion, a P/E ratio of 20.81 and a beta of 1.83.
Brunswick Corporation (NYSE:BC) last announced its earnings results on Thursday, April 27th. The company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Brunswick Corporation had a return on equity of 23.15% and a net margin of 6.03%. During the same period last year, the firm earned $0.71 earnings per share. On average, equities research analysts expect that Brunswick Corporation will post $4.06 earnings per share for the current fiscal year.
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In other news, Chairman Mark D. Schwabero sold 29,552 shares of Brunswick Corporation stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $63.74, for a total transaction of $1,883,644.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider William Metzger sold 559 shares of Brunswick Corporation stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $62.50, for a total value of $34,937.50. Following the sale, the insider now directly owns 115,673 shares in the company, valued at approximately $7,229,562.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,047 shares of company stock worth $3,221,180. Corporate insiders own 1.00% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. James Investment Research Inc. bought a new position in Brunswick Corporation during the first quarter worth approximately $145,000. Venturi Wealth Management LLC bought a new position in Brunswick Corporation during the first quarter worth approximately $207,000. Envestnet Asset Management Inc. raised its position in Brunswick Corporation by 59.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,932 shares of the company’s stock worth $240,000 after buying an additional 1,472 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in Brunswick Corporation during the first quarter worth approximately $271,000. Finally, Timber Hill LLC bought a new position in Brunswick Corporation during the first quarter worth approximately $303,000. Institutional investors and hedge funds own 98.96% of the company’s stock.
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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