Brunswick (NYSE:BC) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reiterated their buy rating on shares of Brunswick (NYSE:BC) in a report published on Thursday morning, Benzinga reports. They currently have a $94.00 price objective on the stock.

Other equities analysts also recently issued research reports about the company. Raymond James downgraded Brunswick from an outperform rating to a market perform rating in a research report on Thursday, January 4th. Stifel Nicolaus increased their price target on Brunswick from $88.00 to $97.00 and gave the stock a buy rating in a research report on Wednesday, January 17th. DA Davidson reiterated a neutral rating and set a $77.00 price target on shares of Brunswick in a research report on Friday, March 15th. B. Riley upgraded Brunswick from a neutral rating to a buy rating and increased their price target for the stock from $100.00 to $108.00 in a research report on Tuesday, February 20th. Finally, BNP Paribas reiterated a neutral rating and set a $82.00 price target (down previously from $94.00) on shares of Brunswick in a research report on Monday, April 15th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $92.08.

Brunswick Stock Performance

Shares of BC traded up $1.34 during mid-day trading on Thursday, reaching $81.34. The company had a trading volume of 20,083 shares, compared to its average volume of 746,324. Brunswick has a 52-week low of $66.47 and a 52-week high of $99.68. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $5.60 billion, a P/E ratio of 13.44 and a beta of 1.56. The stock has a 50 day moving average of $89.29 and a two-hundred day moving average of $84.80.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The company had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company earned $2.57 EPS. The firm’s quarterly revenue was down 21.7% compared to the same quarter last year. On average, analysts expect that Brunswick will post 7.5 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.07%. This is a boost from Brunswick’s previous quarterly dividend of $0.40. Brunswick’s dividend payout ratio is presently 28.24%.

Insider Buying and Selling

In related news, CEO David M. Foulkes sold 35,000 shares of Brunswick stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the transaction, the chief executive officer now owns 272,626 shares in the company, valued at $23,748,450.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP John G. Buelow sold 2,426 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the completion of the transaction, the executive vice president now directly owns 14,199 shares of the company’s stock, valued at approximately $1,237,016.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Foulkes sold 35,000 shares of Brunswick stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $87.11, for a total value of $3,048,850.00. Following the sale, the chief executive officer now directly owns 272,626 shares of the company’s stock, valued at $23,748,450.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,696 shares of company stock worth $4,574,199. 0.81% of the stock is owned by corporate insiders.

Institutional Trading of Brunswick

Institutional investors and hedge funds have recently made changes to their positions in the company. Valley National Advisers Inc. acquired a new position in Brunswick during the 3rd quarter worth approximately $25,000. Principal Securities Inc. purchased a new position in shares of Brunswick during the 4th quarter worth $28,000. Johnson Financial Group Inc. purchased a new position in shares of Brunswick in the 4th quarter worth $30,000. Rise Advisors LLC raised its position in shares of Brunswick by 249.5% in the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after buying an additional 232 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in shares of Brunswick by 347.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock worth $42,000 after buying an additional 337 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.