Brunswick Corporation (NYSE:BC)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Group LLC in a report issued on Friday, July 14th. They presently have a $56.00 price target on the stock. Jefferies Group LLC’s price target would indicate a potential downside of 1.10% from the stock’s previous close.
BC has been the subject of a number of other reports. BMO Capital Markets restated a “buy” rating and issued a $72.00 target price on shares of Brunswick Corporation in a research note on Monday, March 20th. Zacks Investment Research downgraded Brunswick Corporation from a “hold” rating to a “sell” rating in a research note on Friday, April 14th. Stifel Nicolaus restated an “outperform” rating and issued a $65.00 target price (up from $64.00) on shares of Brunswick Corporation in a research note on Friday, April 14th. B. Riley restated a “buy” rating and issued a $72.00 target price on shares of Brunswick Corporation in a research note on Friday, April 28th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $65.00 target price on shares of Brunswick Corporation in a research note on Sunday, June 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.80.
Brunswick Corporation (NYSE:BC) traded down 0.14% during mid-day trading on Friday, hitting $56.54. The stock had a trading volume of 881,985 shares. Brunswick Corporation has a 12-month low of $42.02 and a 12-month high of $63.82. The company has a 50-day moving average of $61.55 and a 200-day moving average of $59.11. The firm has a market cap of $5.05 billion, a PE ratio of 18.78 and a beta of 1.84.
Brunswick Corporation (NYSE:BC) last posted its quarterly earnings results on Thursday, July 27th. The company reported $1.35 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Brunswick Corporation had a return on equity of 23.15% and a net margin of 6.03%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $1.17 earnings per share. Analysts expect that Brunswick Corporation will post $4.06 earnings per share for the current year.
In related news, Chairman Mark D. Schwabero sold 2,738 shares of Brunswick Corporation stock in a transaction on Friday, July 14th. The shares were sold at an average price of $63.72, for a total value of $174,465.36. Following the completion of the sale, the chairman now owns 219,783 shares of the company’s stock, valued at approximately $14,004,572.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John C. Pfeifer sold 2,346 shares of Brunswick Corporation stock in a transaction 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 completion of the sale, the insider now directly owns 44,488 shares of the company’s stock, valued at approximately $2,591,870.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,785 shares of company stock worth $3,395,646. 1.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position 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. raised its position 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. raised its position 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. raised its position 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, Morgan Stanley raised its position in shares of Brunswick Corporation by 97.3% in the first quarter. Morgan Stanley now owns 1,236,123 shares of the company’s stock worth $75,651,000 after buying an additional 609,752 shares in the last quarter. 99.74% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Brunswick Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
