Brunswick (NYSE:BC) Price Target Lowered to $86.00 at Morgan Stanley

Brunswick (NYSE:BC) had its price objective lowered by Morgan Stanley from $91.00 to $86.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the stock. B. Riley raised shares of Brunswick from a neutral rating to a buy rating and increased their price objective for the company from $100.00 to $108.00 in a research report on Tuesday, February 20th. BNP Paribas reissued a neutral rating and issued a $82.00 target price (down previously from $94.00) on shares of Brunswick in a report on Monday, April 15th. DA Davidson reaffirmed a neutral rating and set a $77.00 price target on shares of Brunswick in a report on Friday, March 15th. Roth Mkm reaffirmed a buy rating and set a $94.00 price objective on shares of Brunswick in a research report on Thursday, April 25th. Finally, Truist Financial cut their target price on Brunswick from $115.00 to $105.00 and set a buy rating on the stock in a research report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $92.83.

Brunswick Stock Performance

NYSE:BC opened at $82.09 on Friday. Brunswick has a 52 week low of $66.47 and a 52 week high of $99.68. The company has a fifty day simple moving average of $88.94 and a two-hundred day simple moving average of $84.99. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 1.16. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 15.26 and a beta of 1.56.

Brunswick (NYSE:BC) last released its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The company’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.57 earnings per share. As a group, equities analysts anticipate that Brunswick will post 7.43 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were given a $0.42 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.68 annualized dividend and a yield of 2.05%. Brunswick’s dividend payout ratio is 31.23%.

Insider Buying and Selling

In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction 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 transaction, the vice president now directly owns 35,176 shares in the company, valued at $2,973,427.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the transaction, the vice president now directly owns 35,176 shares in the company, valued at approximately $2,973,427.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John G. Buelow sold 2,426 shares of the business’s 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 transaction, the executive vice president now directly owns 14,199 shares in the company, valued at approximately $1,237,016.88. The disclosure for this sale can be found here. Insiders sold a total of 52,696 shares of company stock worth $4,574,199 in the last 90 days. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

Several hedge funds have recently made changes to their positions in BC. FMR LLC lifted its position in Brunswick by 140.4% in the third quarter. FMR LLC now owns 3,435,357 shares of the company’s stock valued at $271,393,000 after purchasing an additional 2,006,578 shares during the period. American Century Companies Inc. grew its holdings in Brunswick by 0.5% during the third quarter. American Century Companies Inc. now owns 1,972,076 shares of the company’s stock worth $155,794,000 after acquiring an additional 9,465 shares during the period. Dimensional Fund Advisors LP raised its position in Brunswick by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock worth $185,483,000 after acquiring an additional 47,053 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Brunswick by 32.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,144,308 shares of the company’s stock valued at $110,712,000 after acquiring an additional 278,082 shares during the period. Finally, Van Berkom & Associates Inc. boosted its position in shares of Brunswick by 25.7% during the 3rd quarter. Van Berkom & Associates Inc. now owns 899,980 shares of the company’s stock worth $71,098,000 after purchasing an additional 184,088 shares in the last quarter. Institutional investors and hedge funds 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.