BC has been the topic of several other reports. Stifel Nicolaus decreased their price target on shares of Brunswick from $68.00 to $61.00 and set a buy rating on the stock in a research note on Friday, October 27th. BMO Capital Markets reduced their price objective on shares of Brunswick from $68.00 to $62.00 and set an outperform rating on the stock in a research note on Friday, October 27th. Robert W. Baird reaffirmed a buy rating and issued a $68.00 price objective on shares of Brunswick in a research note on Friday, September 8th. Zacks Investment Research raised shares of Brunswick from a sell rating to a hold rating in a research note on Friday, November 10th. Finally, Royal Bank Of Canada reaffirmed a buy rating on shares of Brunswick in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $62.50.
Brunswick (BC) traded down $0.47 during midday trading on Wednesday, hitting $55.51. 2,493,900 shares of the stock traded hands, compared to its average volume of 1,064,033. The firm has a market capitalization of $4,908.88, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. Brunswick has a 12 month low of $48.04 and a 12 month high of $63.82.
Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 EPS. research analysts expect that Brunswick will post 3.86 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.37%. This is a boost from Brunswick’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 20th. Brunswick’s dividend payout ratio (DPR) is currently 24.52%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Brunswick by 1,158.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after acquiring an additional 2,201 shares during the period. Advisors Asset Management Inc. acquired a new stake in Brunswick in the 2nd quarter valued at $134,000. Bronfman E.L. Rothschild L.P. increased its stake in Brunswick by 149.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after buying an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Brunswick by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after buying an additional 280 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in Brunswick by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after buying an additional 87 shares during the last quarter. 92.66% of the stock is currently owned by institutional investors.
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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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