Brunswick (NYSE:BC) had its price objective decreased by Citigroup from $76.00 to $66.00 in a research report report published on Tuesday. Citigroup currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Wedbush lifted their price objective on shares of Brunswick from $70.00 to $77.00 and gave the stock an outperform rating in a research report on Monday, August 13th. They noted that the move was a valuation call. KeyCorp lifted their price objective on shares of Brunswick from $75.00 to $77.00 and gave the stock an overweight rating in a research report on Friday, July 27th. ValuEngine cut shares of Brunswick from a buy rating to a hold rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of Brunswick from a sell rating to a hold rating and set a $69.00 price objective for the company in a research report on Monday, October 15th. Finally, TheStreet cut shares of Brunswick from a b rating to a c+ rating in a research report on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $72.00.

Shares of NYSE:BC traded down $1.80 during midday trading on Tuesday, hitting $52.30. The stock had a trading volume of 829,416 shares, compared to its average volume of 1,189,585. Brunswick has a 12 month low of $48.27 and a 12 month high of $69.82. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $4.70 billion, a PE ratio of 13.44, a P/E/G ratio of 0.94 and a beta of 1.81.

Brunswick (NYSE:BC) last released its earnings results on Thursday, October 25th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. Brunswick had a net margin of 2.12% and a return on equity of 26.19%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.26 billion. On average, equities analysts predict that Brunswick will post 4.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, November 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.61%. This is an increase from Brunswick’s previous quarterly dividend of $0.19. Brunswick’s dividend payout ratio (DPR) is currently 19.54%.

In other news, insider John C. Pfeifer sold 5,446 shares of Brunswick stock in a transaction on Monday, October 1st. The stock was sold at an average price of $66.95, for a total transaction of $364,609.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. PointState Capital LP acquired a new position in Brunswick in the second quarter valued at about $10,059,000. Baird Financial Group Inc. raised its stake in Brunswick by 33.9% in the second quarter. Baird Financial Group Inc. now owns 29,106 shares of the company’s stock valued at $1,877,000 after purchasing an additional 7,372 shares in the last quarter. Raymond James & Associates raised its stake in Brunswick by 12.8% in the second quarter. Raymond James & Associates now owns 24,775 shares of the company’s stock valued at $1,597,000 after purchasing an additional 2,805 shares in the last quarter. Point72 Hong Kong Ltd raised its stake in Brunswick by 244.6% in the second quarter. Point72 Hong Kong Ltd now owns 3,405 shares of the company’s stock valued at $220,000 after purchasing an additional 2,417 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Brunswick by 11.9% in the second quarter. Gamco Investors INC. ET AL now owns 82,800 shares of the company’s stock valued at $5,339,000 after purchasing an additional 8,800 shares in the last quarter. 96.06% of the stock is owned by institutional investors.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.

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Analyst Recommendations for Brunswick (NYSE:BC)

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