Brunswick (NYSE:BC) Given “Neutral” Rating at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Brunswick (NYSE:BC) in a report issued on Friday morning, MarketBeat reports. Robert W. Baird currently has a $56.00 target price on the stock, down from their prior target price of $90.00.

A number of other research analysts have also commented on BC. Morgan Stanley increased their price objective on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Truist Financial cut their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. DA Davidson lowered their price objective on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Roth Mkm cut their target price on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Benchmark dropped their price target on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.00.

Brunswick Price Performance

Brunswick stock opened at $46.60 on Friday. Brunswick has a 52 week low of $42.83 and a 52 week high of $94.70. The firm has a market cap of $3.07 billion, a P/E ratio of 24.53 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The business’s fifty day moving average is $60.69 and its two-hundred day moving average is $70.97.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.24 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 last year, the company posted $1.45 EPS. Equities research analysts forecast that Brunswick will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Monday, February 24th. This is a boost from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s payout ratio is 90.53%.

Insider Activity at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy E. Cooper sold 433 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Brunswick

A number of large investors have recently bought and sold shares of BC. FIL Ltd grew its holdings in shares of Brunswick by 323.9% in the 4th quarter. FIL Ltd now owns 1,114,324 shares of the company’s stock valued at $72,074,000 after acquiring an additional 851,449 shares in the last quarter. Turtle Creek Asset Management Inc. boosted its position in Brunswick by 19.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company’s stock valued at $191,806,000 after purchasing an additional 488,412 shares during the last quarter. Norges Bank bought a new position in Brunswick in the fourth quarter valued at approximately $30,097,000. Raymond James Financial Inc. acquired a new position in shares of Brunswick during the 4th quarter worth approximately $29,646,000. Finally, Janus Henderson Group PLC raised its stake in shares of Brunswick by 1,120.5% during the 3rd quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock worth $29,725,000 after purchasing an additional 325,574 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

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.