Brunswick Co. (NYSE:BC) Director Nancy E. Cooper Sells 433 Shares

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, the director now directly owns 25,361 shares in the company, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Brunswick Stock Performance

Shares of NYSE:BC opened at $66.55 on Thursday. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 35.02 and a beta of 1.54. The business’s fifty day moving average price is $69.42 and its two-hundred day moving average price is $76.26. Brunswick Co. has a fifty-two week low of $62.64 and a fifty-two week high of $96.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter in the previous year, the company posted $1.45 earnings per share. As a group, analysts predict that Brunswick Co. will post 4.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BC has been the subject of several research analyst reports. Truist Financial cut their target price on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Citigroup reduced their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. DA Davidson lowered their price target on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Morgan Stanley upped their price target on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus decreased their price objective on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Brunswick presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.85.

Institutional Investors Weigh In On Brunswick

Large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA raised its position in Brunswick by 17.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock valued at $259,010,000 after purchasing an additional 452,116 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after buying an additional 102,780 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Brunswick by 13.5% in the third quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock valued at $118,563,000 after buying an additional 168,384 shares during the last quarter. Principal Financial Group Inc. lifted its position in Brunswick by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock worth $90,171,000 after buying an additional 28,781 shares in the last quarter. Finally, Copeland Capital Management LLC grew its holdings in Brunswick by 11.9% during the 3rd quarter. Copeland Capital Management LLC now owns 949,094 shares of the company’s stock worth $79,553,000 after acquiring an additional 101,123 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Brunswick Company Profile

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.