Brunswick Co. (NYSE:BC) insider John C. Pfeifer sold 3,780 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total value of $207,748.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Brunswick Co. (BC) opened at $55.49 on Thursday. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. The firm has a market cap of $4,870.00, a price-to-earnings ratio of 17.84, a P/E/G ratio of 0.81 and a beta of 1.91. Brunswick Co. has a 1-year low of $48.04 and a 1-year high of $63.82.
Brunswick (NYSE:BC) last posted its earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. research analysts forecast that Brunswick Co. will post 3.85 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 21st were issued a dividend of $0.19 per share. This is a positive change from Brunswick’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.76 annualized dividend and a dividend yield of 1.37%. Brunswick’s payout ratio is presently 24.44%.
Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. acquired a new position in Brunswick in the 2nd quarter worth $134,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Brunswick by 1,158.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after buying an additional 2,201 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in Brunswick by 149.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock worth $160,000 after buying an additional 1,529 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Brunswick by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock worth $202,000 after buying an additional 280 shares in the last quarter. Finally, Advisor Group Inc. lifted its holdings in Brunswick by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 92.18% of the company’s stock.
BC has been the subject of a number of recent research reports. B. Riley set a $70.00 price objective on shares of Brunswick and gave the stock a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $68.00 target price on shares of Brunswick in a research note on Friday, October 13th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Brunswick in a research note on Tuesday, October 3rd. Finally, ValuEngine raised shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Brunswick presently has an average rating of “Buy” and a consensus price target of $63.23.
WARNING: This piece was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/11/john-c-pfeifer-sells-3780-shares-of-brunswick-co-bc-stock.html.
Brunswick Company Profile
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.