Brunswick Co. (NYSE:BC) Director Nancy E. Cooper Sells 357 Shares

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the transaction, the director now directly owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Brunswick Stock Performance

Brunswick stock opened at $80.33 on Thursday. The firm has a fifty day simple moving average of $88.81 and a two-hundred day simple moving average of $85.04. Brunswick Co. has a twelve month low of $66.47 and a twelve month high of $99.68. The company has a market capitalization of $5.53 billion, a PE ratio of 14.93 and a beta of 1.56. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 1.16.

Brunswick (NYSE:BC) last released its earnings results on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The company’s revenue was down 21.7% on a year-over-year basis. During the same period last year, the firm posted $2.57 EPS. Research analysts expect that Brunswick Co. will post 7.39 EPS for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.09%. This is an increase from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, February 23rd. Brunswick’s payout ratio is presently 31.23%.

Analyst Ratings Changes

BC has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Brunswick from $91.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. B. Riley upgraded Brunswick from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $108.00 in a research note on Tuesday, February 20th. DA Davidson reiterated a “neutral” rating and set a $77.00 price target on shares of Brunswick in a research report on Friday, March 15th. BNP Paribas restated a “neutral” rating and issued a $82.00 price objective (down from $94.00) on shares of Brunswick in a research report on Monday, April 15th. Finally, Truist Financial dropped their target price on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.83.

Institutional Investors Weigh In On Brunswick

Several institutional investors have recently added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new position in shares of Brunswick during the third quarter valued at about $25,000. Principal Securities Inc. bought a new stake in shares of Brunswick in the fourth quarter worth about $28,000. Johnson Financial Group Inc. purchased a new position in Brunswick during the 4th quarter valued at about $30,000. Rise Advisors LLC raised its position in Brunswick by 249.5% during the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings 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 buying an additional 337 shares during the period. Hedge funds and other 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.