Brunswick Co. (NYSE:BC) VP Christopher F. Dekker sold 3,100 shares of the business’s stock in a transaction 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 filing with the SEC, which is available at the SEC website.
Shares of Brunswick Co. (NYSE:BC) traded up $0.01 during midday trading on Friday, reaching $59.04. The company’s stock had a trading volume of 635,402 shares, compared to its average volume of 989,664. The company has a market cap of $5,180.00, a price-to-earnings ratio of 31.24, a P/E/G ratio of 0.79 and a beta of 1.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04. Brunswick Co. has a fifty-two week low of $48.04 and a fifty-two week high of $64.45.
Brunswick (NYSE:BC) last announced its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. Brunswick’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 earnings per share. sell-side analysts expect that Brunswick Co. will post 4.58 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be paid a $0.19 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.29%. Brunswick’s dividend payout ratio is currently 40.21%.
A number of analysts recently issued reports on BC shares. Royal Bank of Canada decreased their price objective on Brunswick from $67.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. B. Riley boosted their price objective on Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, CL King reiterated a “neutral” rating on shares of Brunswick in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $66.13.
A number of hedge funds and other institutional investors have recently made changes to their positions in BC. 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 worth $202,000 after acquiring an additional 87 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Brunswick by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 834,264 shares of the company’s stock worth $52,334,000 after acquiring an additional 21,322 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Brunswick by 1.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 131,144 shares of the company’s stock worth $8,227,000 after acquiring an additional 1,983 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Brunswick in the 2nd quarter worth about $263,000. Finally, Nomura Holdings Inc. bought a new position in shares of Brunswick during the 2nd quarter valued at about $240,000. Institutional investors and hedge funds own 85.96% of the company’s stock.
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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