Brunswick (NYSE:BC) VP Christopher Dekker Sells 4,981 Shares

Brunswick Corporation (NYSE:BC) VP Christopher Dekker sold 4,981 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $87.38, for a total transaction of $435,239.78. Following the completion of the sale, the vice president owned 39,740 shares of the company’s stock, valued at $3,472,481.20. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Brunswick Price Performance

Shares of NYSE:BC traded down $0.74 during midday trading on Monday, hitting $87.14. The company had a trading volume of 527,753 shares, compared to its average volume of 987,651. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.44 and a quick ratio of 0.61. The business’s 50-day simple moving average is $79.62 and its 200-day simple moving average is $69.32. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 26.88 and a beta of 1.39. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $89.61.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. Brunswick’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, research analysts predict that Brunswick Corporation will post 4.19 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Texas Capital lowered Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. BMO Capital Markets lifted their price objective on shares of Brunswick from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Truist Financial upped their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $80.00 price objective (up from $70.00) on shares of Brunswick in a research note on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Brunswick currently has an average rating of “Hold” and an average target price of $83.93.

Institutional Investors Weigh In On Brunswick

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BC. Royce & Associates LP increased its holdings in Brunswick by 29.1% in the fourth quarter. Royce & Associates LP now owns 513,978 shares of the company’s stock valued at $38,158,000 after buying an additional 115,833 shares in the last quarter. Cary Street Partners Financial LLC lifted its holdings in Brunswick by 80.3% in the 4th quarter. Cary Street Partners Financial LLC now owns 8,960 shares of the company’s stock valued at $665,000 after purchasing an additional 3,990 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Brunswick by 35.7% during the fourth quarter. Hantz Financial Services Inc. now owns 22,296 shares of the company’s stock worth $1,655,000 after acquiring an additional 5,862 shares during the last quarter. Swedbank AB acquired a new position in Brunswick in the 4th quarter valued at $10,394,000. Finally, Jefferies Financial Group Inc. purchased a new position in Brunswick during the fourth quarter worth about $850,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

About Brunswick

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.