Brunswick Co. (NYSE:BC) shares reached a new 52-week high and low on Thursday . The stock traded as low as $69.15 and last traded at $68.25, with a volume of 20254 shares traded. The stock had previously closed at $69.01.
BC has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Monday, April 23rd. KeyCorp set a $75.00 price target on shares of Brunswick and gave the stock a “buy” rating in a research report on Thursday, March 1st. ValuEngine upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research report on Tuesday, May 1st. SunTrust Banks upped their price target on shares of Brunswick to $78.00 and gave the stock a “buy” rating in a research report on Monday, March 5th. Finally, Wedbush restated a “positive” rating and set a $60.91 price target (down previously from $70.00) on shares of Brunswick in a research report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $69.66.
The firm has a market cap of $5.87 billion, a P/E ratio of 17.52, a PEG ratio of 1.19 and a beta of 1.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.96 and a current ratio of 1.73.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, April 26th. The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.07. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Brunswick had a net margin of 3.26% and a return on equity of 23.33%. Brunswick’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. research analysts expect that Brunswick Co. will post 4.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, May 22nd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, May 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.12%. Brunswick’s payout ratio is 4.88%.
In other news, CEO Mark D. Schwabero sold 16,262 shares of the firm’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $63.54, for a total transaction of $1,033,287.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark D. Schwabero sold 15,237 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $67.45, for a total transaction of $1,027,735.65. Following the sale, the chairman now owns 307,614 shares of the company’s stock, valued at approximately $20,748,564.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,270 shares of company stock valued at $2,988,288. 1.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in shares of Brunswick during the 1st quarter worth approximately $222,000. Koch Industries Inc. acquired a new stake in shares of Brunswick during the 1st quarter worth approximately $226,000. Annex Advisory Services LLC acquired a new stake in shares of Brunswick during the 4th quarter worth approximately $238,000. Partnervest Advisory Services LLC acquired a new stake in shares of Brunswick during the 1st quarter worth approximately $238,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Brunswick by 47.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock worth $263,000 after buying an additional 1,540 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.
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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