Brunswick (NYSE:BC) Rating Reiterated by Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Brunswick (NYSE:BC) in a report issued on Friday morning, Benzinga reports. They currently have a $70.00 price target on the stock, down from their prior price target of $115.00.

A number of other brokerages have also commented on BC. B. Riley cut their target price on Brunswick from $108.00 to $97.00 and set a buy rating for the company in a research note on Wednesday, July 10th. Morgan Stanley cut their target price on Brunswick from $91.00 to $86.00 and set an equal weight rating for the company in a research note on Friday, April 26th. Roth Mkm restated a buy rating and issued a $94.00 target price on shares of Brunswick in a research note on Thursday, July 25th. JPMorgan Chase & Co. cut their target price on Brunswick from $78.00 to $75.00 and set a neutral rating for the company in a research note on Wednesday, July 24th. Finally, BNP Paribas restated a neutral rating and issued a $82.00 target price (down from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $88.21.

Brunswick Stock Up 2.1 %

Shares of BC stock opened at $81.67 on Friday. Brunswick has a 12 month low of $66.47 and a 12 month high of $99.68. The firm has a market cap of $5.52 billion, a PE ratio of 15.18 and a beta of 1.52. The stock has a 50 day moving average of $76.11 and a 200-day moving average of $83.00. The company has a quick ratio of 0.75, a current ratio of 1.70 and a debt-to-equity ratio of 1.18.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm earned $2.35 earnings per share. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. On average, equities analysts predict that Brunswick will post 6.13 EPS for the current year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, August 21st will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, August 21st. Brunswick’s dividend payout ratio (DPR) is 31.23%.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 357 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total transaction of $28,681.38. Following the sale, the director now owns 23,211 shares in the company, valued at $1,864,771.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Nancy E. Cooper sold 357 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total transaction of $28,681.38. Following the sale, the director now owns 23,211 shares in the company, valued at $1,864,771.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brenna Preisser sold 1,225 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total value of $100,560.25. Following the sale, the vice president now owns 58,076 shares in the company, valued at approximately $4,767,458.84. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Brunswick

Hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in Brunswick in the fourth quarter valued at about $28,000. Johnson Financial Group Inc. bought a new position in Brunswick in the fourth quarter valued at about $30,000. Rise Advisors LLC lifted its stake in Brunswick by 249.5% in the first quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after buying an additional 232 shares during the period. SRS Capital Advisors Inc. lifted its stake in Brunswick by 347.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock valued at $42,000 after buying an additional 337 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Brunswick by 43,700.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after buying an additional 437 shares during the period. Institutional investors 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.