Brunswick (NYSE:BC) Stock Rating Lowered by B. Riley

B. Riley downgraded shares of Brunswick (NYSE:BC) from a buy rating to a neutral rating in a research note published on Tuesday, Marketbeat reports. They currently have $88.00 price target on the stock, down from their previous price target of $95.00.

Other analysts have also recently issued research reports about the company. Benchmark reaffirmed a “buy” rating and set a $100.00 target price on shares of Brunswick in a research report on Friday, October 25th. Northcoast Research raised Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Monday, July 29th. Finally, Citigroup boosted their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.54.

Brunswick Trading Down 0.1 %

NYSE BC opened at $80.51 on Tuesday. The stock has a market cap of $5.31 billion, a PE ratio of 20.05 and a beta of 1.51. Brunswick has a 12 month low of $69.05 and a 12 month high of $99.68. The company’s 50-day moving average price is $81.79 and its 200-day moving average price is $78.79. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.68 dividend on an annualized basis and a yield of 2.09%. Brunswick’s dividend payout ratio is currently 41.79%.

Insider Buying and Selling at Brunswick

In related news, Director Nancy E. Cooper sold 366 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now directly owns 24,557 shares in the company, valued at approximately $1,969,225.83. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph W. Mcclanathan sold 4,745 shares of Brunswick stock in a transaction on Friday, October 25th. The stock was sold at an average price of $80.14, for a total transaction of $380,264.30. Following the sale, the director now directly owns 19,218 shares in the company, valued at approximately $1,540,130.52. This trade represents a 19.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,940 shares of company stock valued at $2,321,176 over the last ninety days. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BC. Franklin Resources Inc. grew its stake in shares of Brunswick by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 233,128 shares of the company’s stock valued at $19,394,000 after buying an additional 5,604 shares during the period. Sanctuary Advisors LLC grew its position in Brunswick by 12.1% in the third quarter. Sanctuary Advisors LLC now owns 12,808 shares of the company’s stock worth $1,055,000 after acquiring an additional 1,387 shares during the period. Barclays PLC increased its stake in Brunswick by 78.6% during the third quarter. Barclays PLC now owns 118,189 shares of the company’s stock worth $9,907,000 after acquiring an additional 52,024 shares during the last quarter. MML Investors Services LLC raised its position in Brunswick by 30.7% in the third quarter. MML Investors Services LLC now owns 7,119 shares of the company’s stock valued at $597,000 after purchasing an additional 1,671 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its stake in shares of Brunswick by 26.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,087 shares of the company’s stock valued at $594,000 after purchasing an additional 1,484 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

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.