Brunswick Co. (NYSE:BC) VP Christopher F. Dekker Sells 2,092 Shares

Brunswick Co. (NYSE:BC) VP Christopher F. Dekker sold 2,092 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total transaction of $122,319.24. Following the sale, the vice president now directly owns 44,466 shares of the company’s stock, valued at $2,599,927.02. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Brunswick Trading Down 0.3%

Shares of NYSE:BC opened at $58.22 on Thursday. The company has a market capitalization of $3.82 billion, a PE ratio of 30.64 and a beta of 1.27. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Brunswick Co. has a 12-month low of $41.00 and a 12-month high of $87.65. The business’s fifty day simple moving average is $48.86 and its 200-day simple moving average is $59.67.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, April 24th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.31. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. Brunswick’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.35 earnings per share. As a group, equities research analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Monday, May 19th. Brunswick’s dividend payout ratio (DPR) is presently 142.15%.

Analyst Ratings Changes

BC has been the subject of a number of research analyst reports. BMO Capital Markets decreased their price objective on shares of Brunswick from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Benchmark started coverage on shares of Brunswick in a research report on Monday, April 28th. They set a “buy” rating and a $70.00 target price on the stock. Jefferies Financial Group decreased their price target on shares of Brunswick from $64.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Truist Financial dropped their price objective on Brunswick from $85.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, B. Riley raised Brunswick to a “hold” rating in a research report on Wednesday, February 12th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.31.

Institutional Investors Weigh In On Brunswick

Large investors have recently modified their holdings of the business. Allworth Financial LP raised its position in shares of Brunswick by 4,972.7% in the 1st quarter. Allworth Financial LP now owns 558 shares of the company’s stock valued at $30,000 after purchasing an additional 547 shares during the last quarter. UMB Bank n.a. increased its stake in Brunswick by 695.7% during the 1st quarter. UMB Bank n.a. now owns 732 shares of the company’s stock valued at $39,000 after purchasing an additional 640 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock worth $39,000 after buying an additional 601 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Brunswick by 171.6% during the first quarter. First Horizon Advisors Inc. now owns 755 shares of the company’s stock worth $41,000 after buying an additional 477 shares during the period. Finally, Financial Perspectives Inc acquired a new stake in shares of Brunswick during the fourth quarter worth $42,000. 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.