Brunswick Corporation (NYSE:BC) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

BC has been the subject of a number of other research reports. Forward View set a $60.00 price target on shares of Brunswick Corporation and gave the stock a “hold” rating in a report on Sunday, July 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 price objective on shares of Brunswick Corporation in a research note on Wednesday, July 12th. Zacks Investment Research upgraded shares of Brunswick Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Northcoast Research lowered shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. They noted that the move was a valuation call. Finally, B. Riley reiterated a “buy” rating and issued a $72.00 price objective on shares of Brunswick Corporation in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $65.82.

Shares of Brunswick Corporation (NYSE:BC) traded up 1.94% during midday trading on Friday, hitting $55.09. 146,226 shares of the stock were exchanged. The firm’s 50-day moving average is $60.11 and its 200-day moving average is $59.11. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 17.48 and a beta of 1.81. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82.

Brunswick Corporation (NYSE:BC) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $1.17 earnings per share. Equities research analysts predict that Brunswick Corporation will post $4.05 earnings per share for the current year.

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In other news, Chairman Mark D. Schwabero sold 3,289 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $63.73, for a total value of $209,607.97. Following the transaction, the chairman now directly owns 219,799 shares of the company’s stock, valued at $14,007,790.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William Metzger sold 559 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $62.50, for a total transaction of $34,937.50. Following the completion of the transaction, the insider now directly owns 115,673 shares in the company, valued at $7,229,562.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,439 shares of company stock worth $3,258,968. Company insiders own 1.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of BC. Old Mutual Global Investors UK Ltd. acquired a new position in Brunswick Corporation during the first quarter valued at $495,000. Punch & Associates Investment Management Inc. increased its position in shares of Brunswick Corporation by 0.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 84,614 shares of the company’s stock worth $5,178,000 after buying an additional 635 shares during the period. Russell Investments Group Ltd. increased its position in shares of Brunswick Corporation by 66.3% in the first quarter. Russell Investments Group Ltd. now owns 222,171 shares of the company’s stock worth $13,592,000 after buying an additional 88,584 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Brunswick Corporation by 76.8% in the first quarter. Janney Montgomery Scott LLC now owns 10,188 shares of the company’s stock worth $624,000 after buying an additional 4,427 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in shares of Brunswick Corporation by 15.6% in the first quarter. First Citizens Bank & Trust Co. now owns 6,057 shares of the company’s stock worth $371,000 after buying an additional 817 shares during the period. 99.59% 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.

Analyst Recommendations for Brunswick Corporation (NYSE:BC)

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