Brunswick Co. (NYSE:BC) SVP Randall S. Altman Sells 3,417 Shares

Brunswick Co. (NYSE:BC) SVP Randall S. Altman sold 3,417 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at $1,686,632.43. This represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Brunswick Stock Performance

Shares of BC stock opened at $60.20 on Friday. Brunswick Co. has a 52 week low of $60.06 and a 52 week high of $96.65. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 31.68 and a beta of 1.54. The company has a 50-day simple moving average of $65.78 and a 200 day simple moving average of $74.79. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the previous year, the business posted $1.45 EPS. On average, sell-side analysts predict that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a $0.43 dividend. This is a boost from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 2.86%. Brunswick’s payout ratio is 90.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Armstrong Advisory Group Inc. bought a new stake in shares of Brunswick during the 4th quarter valued at $39,000. Financial Perspectives Inc acquired a new position in Brunswick in the fourth quarter valued at about $42,000. Quarry LP acquired a new position in Brunswick in the fourth quarter valued at about $45,000. Avior Wealth Management LLC lifted its position in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after purchasing an additional 612 shares during the period. Finally, Covestor Ltd grew its stake in Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Roth Mkm lowered their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Truist Financial lowered their target price on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Morgan Stanley increased their price target on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Citigroup decreased their price objective on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus cut their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.62.

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.