Brunswick Corporation (NYSE:BC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, July 11th.

According to Zacks, “Brunswick Corporation is a manufacturer and marketer of leading consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. The company also owns and operates: Brunswick bowling centers across the United States and internationally; Land ‘N’ Sea, a distributor of marine parts and accessories; and Omni Fitness, a chain of specialty fitness equipment retail stores. “

Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Royal Bank Of Canada reissued a “buy” rating and set a $65.00 price objective on shares of Brunswick Corporation in a research note on Sunday, June 11th. B. Riley reissued a “buy” rating and set a $72.00 price objective on shares of Brunswick Corporation in a research note on Wednesday, May 3rd. BMO Capital Markets reissued a “buy” rating and set a $72.00 price objective on shares of Brunswick Corporation in a research note on Monday, March 20th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $56.00 price objective on shares of Brunswick Corporation in a research note on Friday, March 31st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $65.82.

Brunswick Corporation (NYSE BC) opened at 55.97 on Tuesday. Brunswick Corporation has a 12 month low of $42.02 and a 12 month high of $63.82. The company has a market cap of $5.03 billion, a PE ratio of 17.76 and a beta of 1.81. The company has a 50-day moving average of $61.23 and a 200 day moving average of $59.19.

Brunswick Corporation (NYSE:BC) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.33 by $0.02. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Brunswick Corporation’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities analysts forecast that Brunswick Corporation will post $4.04 earnings per share for the current fiscal year.

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In related news, insider John C. Pfeifer sold 2,346 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $58.26, for a total transaction of $136,677.96. Following the transaction, the insider now owns 44,488 shares in the company, valued at $2,591,870.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark D. Schwabero sold 3,289 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $63.73, for a total transaction of $209,607.97. Following the transaction, the chairman now owns 219,799 shares in the company, valued at approximately $14,007,790.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,785 shares of company stock worth $3,395,646. Insiders own 1.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Brunswick Corporation by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 802,212 shares of the company’s stock worth $43,754,000 after buying an additional 7,537 shares during the period. Norges Bank bought a new position in shares of Brunswick Corporation during the fourth quarter worth $38,463,000. Teachers Advisors LLC increased its position in shares of Brunswick Corporation by 25.4% in the fourth quarter. Teachers Advisors LLC now owns 104,179 shares of the company’s stock worth $5,682,000 after buying an additional 21,126 shares during the period. Macquarie Group Ltd. increased its position in shares of Brunswick Corporation by 32.9% in the fourth quarter. Macquarie Group Ltd. now owns 683,839 shares of the company’s stock worth $37,297,000 after buying an additional 169,212 shares during the period. Finally, Copper Rock Capital Partners LLC increased its position in shares of Brunswick Corporation by 1.7% in the first quarter. Copper Rock Capital Partners LLC now owns 532,422 shares of the company’s stock worth $32,574,000 after buying an additional 9,018 shares during the period. Institutional investors own 99.69% of the company’s stock.

About Brunswick Corporation

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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