Brunswick’s (BC) Buy Rating Reaffirmed at Roth Mkm

Brunswick (NYSE:BC)‘s stock had its “buy” rating reissued by equities researchers at Roth Mkm in a research note issued to investors on Thursday, Benzinga reports. They presently have a $94.00 target price on the stock. Roth Mkm’s price target would suggest a potential upside of 15.98% from the company’s previous close.

Several other research firms also recently commented on BC. Stifel Nicolaus upped their price objective on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. BNP Paribas restated a “neutral” rating and set a $82.00 price target (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. DA Davidson reiterated a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a research report on Friday, March 15th. Raymond James downgraded shares of Brunswick from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Finally, B. Riley upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $108.00 in a research note on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.83.

Brunswick Stock Up 1.3 %

Shares of NYSE BC opened at $81.05 on Thursday. The stock has a market cap of $5.58 billion, a PE ratio of 13.62 and a beta of 1.56. Brunswick has a 52-week low of $66.47 and a 52-week high of $99.68. The business has a 50-day moving average price of $89.13 and a 200 day moving average price of $84.77. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.95.

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

Insider Buying and Selling at Brunswick

In other news, EVP John G. Buelow sold 2,426 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the completion of the transaction, the executive vice president now owns 14,199 shares of the company’s stock, valued at $1,237,016.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Brunswick news, CEO David M. Foulkes sold 35,000 shares of the firm’s 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 approximately $23,748,450.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John G. Buelow sold 2,426 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.12, for a total transaction of $211,353.12. Following 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 52,696 shares of company stock worth $4,574,199. Corporate insiders own 0.81% of the company’s stock.

Institutional Investors Weigh In On Brunswick

Institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. raised its holdings in shares of Brunswick by 4.4% in the 4th quarter. Raymond James Trust N.A. now owns 2,863 shares of the company’s stock worth $277,000 after purchasing an additional 120 shares during the period. Verdence Capital Advisors LLC lifted its position in Brunswick by 4.3% during the third quarter. Verdence Capital Advisors LLC now owns 3,645 shares of the company’s stock valued at $288,000 after buying an additional 149 shares in the last quarter. Wrapmanager Inc. grew its stake in Brunswick by 5.6% during the third quarter. Wrapmanager Inc. now owns 2,806 shares of the company’s stock worth $222,000 after buying an additional 149 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Brunswick by 2.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,488 shares of the company’s stock worth $434,000 after purchasing an additional 155 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Brunswick by 17.9% in the 3rd quarter. Fifth Third Bancorp now owns 1,042 shares of the company’s stock valued at $82,000 after purchasing an additional 158 shares in the last quarter. 99.34% of the stock is currently 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.