Zacks Investment Research lowered shares of Brunswick (NYSE:BC) from a hold rating to a sell rating in a research note released on Monday, January 1st.
According to Zacks, “Brunswick Corporation endeavors to instill Genuine Ingenuity in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood and Whale marine parts and accessories; Land ‘N’ Sea, Kellogg Marine, Diversified Marine, BLA and Bell RPG parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray and Uttern boats, and Life Fitness, Hammer Strength and SCIFIT fitness equipment, and Brunswick billiards tables, accessories and game room furniture and InMovement products and services for productive well-being. “
A number of other research analysts have also commented on BC. Forward View raised Brunswick from a hold rating to a buy rating and set a $60.00 price objective on the stock in a report on Sunday, September 3rd. Stifel Nicolaus reissued a buy rating and set a $68.00 price objective on shares of Brunswick in a report on Thursday, September 7th. Robert W. Baird reaffirmed a buy rating and issued a $68.00 target price on shares of Brunswick in a report on Friday, September 8th. ValuEngine lowered Brunswick from a buy rating to a hold rating in a report on Wednesday, September 20th. Finally, Royal Bank of Canada reaffirmed a buy rating on shares of Brunswick in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $63.08.
Shares of Brunswick (NYSE BC) opened at $57.07 on Monday. The stock has a market capitalization of $5,000.00, a PE ratio of 18.35, a P/E/G ratio of 0.81 and a beta of 1.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.81 and a quick ratio of 0.95. Brunswick has a one year low of $48.04 and a one year high of $63.82.
Brunswick (NYSE:BC) last issued its earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.09). Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. analysts predict that Brunswick will post 3.85 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st were paid a $0.19 dividend. This is a boost from Brunswick’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Monday, November 20th. Brunswick’s dividend payout ratio (DPR) is 24.44%.
In related news, insider John C. Pfeifer sold 3,780 shares of Brunswick stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. Aspen Investment Management Inc increased its position in Brunswick by 0.9% during the second quarter. Aspen Investment Management Inc now owns 5,420 shares of the company’s stock worth $340,000 after buying an additional 50 shares during the last quarter. Advisor Group Inc. increased its position in Brunswick by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock worth $202,000 after buying an additional 87 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Brunswick by 2.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,536 shares of the company’s stock worth $285,000 after buying an additional 106 shares during the last quarter. HighTower Advisors LLC increased its position in Brunswick by 1.5% during the second quarter. HighTower Advisors LLC now owns 8,107 shares of the company’s stock worth $509,000 after buying an additional 122 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its position in Brunswick by 1.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 15,647 shares of the company’s stock worth $709,000 after buying an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 92.18% of the company’s stock.
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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.
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