Brunswick Corp. (NYSE:BC) Receives $57.60 Average PT from Brokerages
Brunswick Corp. (NYSE:BC) has received a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the firm. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $57.60.
A number of research analysts have commented on BC shares. Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Brunswick Corp. in a research report on Saturday, July 2nd. Imperial Capital started coverage on Brunswick Corp. in a research report on Tuesday, September 27th. They issued an “outperform” rating and a $60.00 price objective on the stock. Robert W. Baird reiterated an “outperform” rating on shares of Brunswick Corp. in a research report on Saturday, June 25th. Zacks Investment Research lowered Brunswick Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Finally, Off Wall Street started coverage on Brunswick Corp. in a research report on Monday, July 18th. They issued a “sell” rating on the stock.
Shares of Brunswick Corp. (NYSE:BC) opened at 49.33 on Monday. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 19.19 and a beta of 1.98. Brunswick Corp. has a one year low of $36.05 and a one year high of $55.65. The stock has a 50 day moving average price of $47.11 and a 200 day moving average price of $47.58.
Brunswick Corp. (NYSE:BC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.25 billion. Brunswick Corp. had a return on equity of 22.51% and a net margin of 5.58%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. On average, equities research analysts forecast that Brunswick Corp. will post $3.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Tuesday, August 23rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, August 19th. Brunswick Corp.’s payout ratio is presently 23.26%.
In related news, CFO William Metzger sold 19,051 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $49.52, for a total transaction of $943,405.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. New England Research & Management Inc. acquired a new stake in shares of Brunswick Corp. during the third quarter valued at approximately $268,000. Mason Street Advisors LLC acquired a new stake in shares of Brunswick Corp. during the second quarter valued at approximately $1,873,000. Public Employees Retirement System of Ohio increased its stake in shares of Brunswick Corp. by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 69,553 shares of the company’s stock valued at $3,152,000 after buying an additional 962 shares during the last quarter. Calvert Investment Management Inc. increased its stake in shares of Brunswick Corp. by 0.4% in the second quarter. Calvert Investment Management Inc. now owns 59,230 shares of the company’s stock valued at $2,684,000 after buying an additional 237 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Brunswick Corp. by 75.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 558,964 shares of the company’s stock valued at $25,333,000 after buying an additional 239,747 shares during the last quarter. 95.26% of the stock is currently owned by institutional investors and hedge funds.
Brunswick Corp. Company Profile
Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Company operates in three segments, which include Marine Engine, Boat and Fitness. The Marine Engine segment manufactures and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world.
Receive News & Stock Ratings for Brunswick Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick Corp. and related stocks with our FREE daily email newsletter.