Brunswick (NYSE:BC) Price Target Cut to $85.00 by Analysts at Roth Mkm

Brunswick (NYSE:BC) had its price target cut by Roth Mkm from $91.00 to $85.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

BC has been the topic of several other research reports. Citigroup upped their price target on Brunswick from $92.00 to $101.00 and gave the company a “buy” rating in a research note on Friday, September 27th. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and decreased their price target for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Stifel Nicolaus decreased their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Morgan Stanley decreased their price target on Brunswick from $78.00 to $64.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $100.00 price target on shares of Brunswick in a research note on Friday, October 25th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and a consensus target price of $83.77.

Brunswick Stock Performance

NYSE BC opened at $68.24 on Friday. The stock’s fifty day moving average is $71.52 and its two-hundred day moving average is $76.77. The firm has a market capitalization of $4.50 billion, a P/E ratio of 16.97 and a beta of 1.54. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 1.97. Brunswick has a fifty-two week low of $62.64 and a fifty-two week high of $96.65.

Insiders Place Their Bets

In other Brunswick news, CEO David M. Foulkes sold 23,829 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.22, for a total transaction of $1,911,562.38. Following the sale, the chief executive officer now owns 251,094 shares in the company, valued at $20,142,760.68. This represents a 8.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy E. Cooper sold 366 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.19, for a total value of $29,349.54. Following the sale, the director now owns 24,557 shares in the company, valued at approximately $1,969,225.83. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in shares of Brunswick by 0.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after acquiring an additional 145 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Brunswick by 2.8% in the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after purchasing an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Brunswick by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after purchasing an additional 174 shares during the period. Pacer Advisors Inc. boosted its position in shares of Brunswick by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after purchasing an additional 190 shares during the period. Finally, CWM LLC boosted its position in shares of Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

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.