Brunswick Co. (NYSE:BC) VP Christopher F. Dekker sold 3,100 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total value of $182,404.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Brunswick Co. (NYSE BC) opened at $59.04 on Friday. Brunswick Co. has a one year low of $48.04 and a one year high of $64.45. The stock has a market capitalization of $5,177.22, a price-to-earnings ratio of 37.13, a P/E/G ratio of 0.79 and a beta of 1.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78.
Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. analysts predict that Brunswick Co. will post 4.58 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Monday, February 26th. Brunswick’s dividend payout ratio (DPR) is presently 47.80%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in Brunswick by 128.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,006,453 shares of the company’s stock worth $166,017,000 after purchasing an additional 1,689,317 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Brunswick by 4.3% during the third quarter. JPMorgan Chase & Co. now owns 2,928,462 shares of the company’s stock worth $162,382,000 after purchasing an additional 120,485 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in Brunswick by 12.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 2,468,150 shares of the company’s stock worth $136,291,000 after purchasing an additional 276,850 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Brunswick by 213.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,131,199 shares of the company’s stock worth $117,685,000 after purchasing an additional 1,451,636 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in Brunswick by 8.2% in the fourth quarter. Schroder Investment Management Group now owns 1,810,603 shares of the company’s stock worth $99,981,000 after buying an additional 136,614 shares during the period. Hedge funds and other institutional investors own 85.96% of the company’s stock.
Several equities analysts have recently commented on the company. BMO Capital Markets reduced their target price on Brunswick from $68.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Robert W. Baird reiterated a “buy” rating and set a $65.00 target price on shares of Brunswick in a research note on Friday, December 22nd. Imperial Capital reiterated a “buy” rating and set a $65.00 target price on shares of Brunswick in a research note on Wednesday, December 13th. They noted that the move was a valuation call. Wedbush upgraded Brunswick from a “neutral” rating to an “outperform” rating and increased their target price for the company from $57.54 to $70.00 in a research note on Wednesday. Finally, Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $66.13.
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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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