Brunswick Corporation (NYSE:BC) Earns Hold Rating from Jefferies Group LLC

Jefferies Group LLC reiterated their hold rating on shares of Brunswick Corporation (NYSE:BC) in a report issued on Friday morning. They currently have a $56.00 price objective on the stock.

BC has been the topic of several other research reports. Royal Bank Of Canada restated a buy rating and issued a $65.00 target price on shares of Brunswick Corporation in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Brunswick Corporation from a sell rating to a hold rating in a report on Monday, May 1st. BMO Capital Markets restated a buy rating and issued a $72.00 target price on shares of Brunswick Corporation in a report on Monday, March 20th. Northcoast Research cut shares of Brunswick Corporation from a buy rating to a neutral rating in a report on Monday, July 10th. They noted that the move was a valuation call. Finally, B. Riley restated a buy rating and issued a $72.00 target price on shares of Brunswick Corporation in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $67.00.

Brunswick Corporation (BC) traded down 0.97% during trading on Friday, reaching $62.58. The company’s stock had a trading volume of 297,203 shares. The firm has a market cap of $5.59 billion, a PE ratio of 20.78 and a beta of 1.83. The company has a 50-day moving average of $58.36 and a 200 day moving average of $58.23. Brunswick Corporation has a one year low of $42.02 and a one year high of $63.82.

Brunswick Corporation (NYSE:BC) last announced its earnings results on Thursday, April 27th. The company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Brunswick Corporation had a net margin of 6.03% and a return on equity of 23.15%. During the same quarter last year, the firm earned $0.71 earnings per share. Analysts expect that Brunswick Corporation will post $4.06 EPS for the current fiscal year.

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In related news, Chairman Mark D. Schwabero sold 29,552 shares of Brunswick Corporation stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $63.74, for a total transaction of $1,883,644.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider William Metzger sold 15,301 shares of Brunswick Corporation stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $62.50, for a total transaction of $956,312.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,047 shares of company stock worth $3,221,180. 1.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of Brunswick Corporation by 12.8% in the first quarter. Bank of America Corp DE now owns 539,889 shares of the company’s stock worth $33,042,000 after buying an additional 61,160 shares in the last quarter. Kempen Capital Management N.V. increased its stake in shares of Brunswick Corporation by 97.6% in the first quarter. Kempen Capital Management N.V. now owns 28,654 shares of the company’s stock worth $1,754,000 after buying an additional 14,154 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Brunswick Corporation by 2.8% in the first quarter. Principal Financial Group Inc. now owns 375,750 shares of the company’s stock worth $22,997,000 after buying an additional 10,324 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Brunswick Corporation by 41.7% in the first quarter. Pacer Advisors Inc. now owns 12,642 shares of the company’s stock worth $774,000 after buying an additional 3,721 shares in the last quarter. Finally, Timber Hill LLC bought a new stake in shares of Brunswick Corporation during the first quarter worth about $303,000. Institutional investors own 98.96% 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.