Brunswick (NYSE:BC) Stock Rating Upgraded by Texas Capital

Brunswick (NYSE:BC) was upgraded by equities researchers at Texas Capital from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on BC. Wall Street Zen downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Robert W. Baird set a $85.00 price target on shares of Brunswick in a research note on Friday, January 30th. Seaport Research Partners raised shares of Brunswick to a “strong-buy” rating in a report on Monday, December 8th. DA Davidson lifted their price objective on Brunswick from $68.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Finally, Jefferies Financial Group set a $115.00 target price on Brunswick and gave the stock a “buy” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.00.

Brunswick Stock Down 0.3%

Shares of NYSE BC opened at $72.07 on Tuesday. The business has a 50-day moving average price of $83.46 and a 200 day moving average price of $72.67. The stock has a market cap of $4.67 billion, a PE ratio of -33.99 and a beta of 1.39. The company has a quick ratio of 0.61, a current ratio of 1.44 and a debt-to-equity ratio of 1.11. Brunswick has a 52-week low of $41.00 and a 52-week high of $90.25.

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

Insiders Place Their Bets

In other Brunswick news, CEO David M. Foulkes sold 38,266 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $86.56, for a total transaction of $3,312,304.96. Following the completion of the sale, the chief executive officer owned 271,169 shares of the company’s stock, valued at approximately $23,472,388.64. The trade was a 12.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher F. Dekker sold 4,981 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $87.38, for a total value of $435,239.78. Following the completion of the transaction, the vice president owned 39,740 shares in the company, valued at approximately $3,472,481.20. This trade represents a 11.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brunswick

Several large investors have recently made changes to their positions in BC. Massachusetts Financial Services Co. MA increased its holdings in Brunswick by 2.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,572,892 shares of the company’s stock valued at $265,252,000 after purchasing an additional 78,228 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Brunswick by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,848,415 shares of the company’s stock valued at $211,469,000 after buying an additional 98,972 shares during the last quarter. American Century Companies Inc. boosted its position in Brunswick by 56.4% in the 3rd quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock valued at $145,637,000 after buying an additional 830,451 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Brunswick by 30.6% during the fourth quarter. Marshall Wace LLP now owns 1,921,479 shares of the company’s stock valued at $142,651,000 after acquiring an additional 449,943 shares in the last quarter. Finally, Deprince Race & Zollo Inc. increased its position in shares of Brunswick by 0.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,866,872 shares of the company’s stock worth $138,597,000 after acquiring an additional 14,822 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Company Profile

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.