Brunswick (NYSE:BC) Earns Neutral Rating from BNP Paribas

BNP Paribas restated their neutral rating on shares of Brunswick (NYSE:BC) in a report released on Monday morning, MarketBeat reports. The firm currently has a $82.00 price objective on the stock, down from their prior price objective of $94.00.

BC has been the subject of a number of other reports. DA Davidson reissued a neutral rating and issued a $77.00 price objective on shares of Brunswick in a research report on Friday, March 15th. Raymond James lowered shares of Brunswick from an outperform rating to a market perform rating in a research note on Thursday, January 4th. B. Riley upgraded shares of Brunswick from a neutral rating to a buy rating and raised their price target for the company from $100.00 to $108.00 in a research note on Tuesday, February 20th. Truist Financial dropped their price target on shares of Brunswick from $115.00 to $105.00 and set a buy rating on the stock in a research note on Friday, February 2nd. Finally, Roth Mkm raised their price objective on shares of Brunswick from $85.00 to $94.00 and gave the company a buy rating in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $92.69.

Brunswick Trading Down 0.9 %

BC stock opened at $82.09 on Monday. The business has a fifty day simple moving average of $89.38 and a 200-day simple moving average of $84.47. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. Brunswick has a 52 week low of $66.47 and a 52 week high of $99.68. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 13.80 and a beta of 1.56.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the company posted $1.99 earnings per share. The firm’s revenue for the quarter was down 14.0% on a year-over-year basis. On average, equities research analysts expect that Brunswick will post 7.49 EPS for the current year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.05%. This is a boost from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 23rd. Brunswick’s dividend payout ratio (DPR) is presently 28.24%.

Insider Buying and Selling

In related news, VP Christopher F. Dekker sold 6,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the transaction, the vice president now owns 35,176 shares of the company’s stock, valued at approximately $2,973,427.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Brunswick news, EVP John G. Buelow sold 2,426 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the completion of the sale, the executive vice president now owns 14,199 shares in the company, valued at approximately $1,237,016.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher F. Dekker sold 6,234 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the transaction, the vice president now owns 35,176 shares in the company, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,696 shares of company stock worth $4,574,199. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Securities Inc. bought a new position in shares of Brunswick during the 4th quarter valued at $28,000. Johnson Financial Group Inc. acquired a new stake in Brunswick in the 4th quarter worth $30,000. Valley National Advisers Inc. acquired a new stake in Brunswick in the 3rd quarter worth $25,000. Rise Advisors LLC grew its position in Brunswick by 249.5% in the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 232 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its position in Brunswick by 347.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock worth $42,000 after purchasing an additional 337 shares during the last quarter. 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.