Christopher Dekker Sells 4,981 Shares of Brunswick (NYSE:BC) Stock

Brunswick Corporation (NYSE:BC) VP Christopher Dekker sold 4,981 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $87.38, for a total transaction of $435,239.78. Following the transaction, the vice president owned 39,740 shares in the company, valued at approximately $3,472,481.20. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Brunswick Price Performance

Shares of NYSE:BC opened at $86.74 on Wednesday. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of -40.91 and a beta of 1.39. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $89.61. The company has a current ratio of 1.44, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $80.39 and a 200 day simple moving average of $69.70.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.21 billion. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The business’s revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. As a group, sell-side analysts predict that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brunswick

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its stake in shares of Brunswick by 10.7% in the 1st quarter. Royal Bank of Canada now owns 149,000 shares of the company’s stock valued at $8,024,000 after buying an additional 14,395 shares during the period. AQR Capital Management LLC increased its holdings in Brunswick by 133.6% in the first quarter. AQR Capital Management LLC now owns 77,326 shares of the company’s stock valued at $4,076,000 after purchasing an additional 44,228 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Brunswick by 142.9% during the first quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock worth $18,659,000 after buying an additional 203,838 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Brunswick in the 1st quarter valued at approximately $214,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Brunswick by 477.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after acquiring an additional 601 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup raised their price objective on Brunswick from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Griffin Securities set a $76.00 price objective on shares of Brunswick in a research note on Monday, February 2nd. Wall Street Zen downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a report on Sunday, December 7th. Truist Financial lifted their price objective on Brunswick from $60.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Texas Capital lowered shares of Brunswick from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $83.93.

About Brunswick

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.