A number of other equities analysts also recently issued reports on BC. ValuEngine downgraded shares of Brunswick from a buy rating to a hold rating in a report on Wednesday, September 20th. B. Riley set a $65.00 price objective on shares of Brunswick and gave the stock a buy rating in a report on Tuesday, October 31st. Stifel Nicolaus reissued a buy rating and issued a $68.00 price objective on shares of Brunswick in a report on Thursday, September 7th. Forward View raised shares of Brunswick from a hold rating to a buy rating and set a $60.00 price objective on the stock in a report on Sunday, September 3rd. Finally, KeyCorp reaffirmed a buy rating and set a $62.00 price target on shares of Brunswick in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $63.23.
Brunswick (BC) traded down $0.25 during trading hours on Friday, reaching $55.74. 551,500 shares of the company’s stock were exchanged, compared to its average volume of 1,060,570. The company has a market cap of $4,887.83, a price-to-earnings ratio of 17.98, a P/E/G ratio of 0.89 and a beta of 1.90. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81. Brunswick has a 1-year low of $48.04 and a 1-year high of $63.82.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.91 earnings per share. sell-side analysts anticipate that Brunswick will post 3.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.36%. This is a positive change from Brunswick’s previous quarterly dividend of $0.17. The ex-dividend date was Monday, November 20th. Brunswick’s payout ratio is presently 24.52%.
In other news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in Brunswick in the 2nd quarter worth approximately $134,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Brunswick by 1,158.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after purchasing an additional 2,201 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Brunswick by 149.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after purchasing an additional 1,529 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Brunswick by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after purchasing an additional 280 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in Brunswick by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after purchasing an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.
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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