Brunswick Corporation (NYSE:BC) had its target price lowered by investment analysts at BMO Capital Markets from $72.00 to $68.00 in a research note issued on Friday, July 28th. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 21.45% from the company’s current price.
Several other research analysts also recently weighed in on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $56.00 target price on shares of Brunswick Corporation in a research note on Friday, July 14th. Stifel Nicolaus upped their price objective on shares of Brunswick Corporation from $66.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 14th. Zacks Investment Research raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Thursday, June 29th. BidaskClub raised shares of Brunswick Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, Northcoast Research downgraded shares of Brunswick Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, July 10th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Brunswick Corporation currently has a consensus rating of “Buy” and an average target price of $65.82.
Shares of Brunswick Corporation (NYSE:BC) traded down 0.50% during midday trading on Friday, reaching $55.71. 433,488 shares of the company traded hands. The company has a market capitalization of $5.00 billion, a PE ratio of 17.67 and a beta of 1.81. The company has a 50 day moving average price of $61.23 and a 200 day moving average price of $59.19. Brunswick Corporation has a 1-year low of $42.02 and a 1-year high of $63.82.
Brunswick Corporation (NYSE:BC) last released 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 period in the previous year, the firm earned $1.17 EPS. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, analysts expect that Brunswick Corporation will post $4.04 earnings per share for the current year.
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In other Brunswick Corporation news, insider John C. Pfeifer sold 2,346 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $58.26, for a total value of $136,677.96. Following the sale, the insider now directly owns 44,488 shares of the company’s stock, valued at $2,591,870.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark D. Schwabero sold 29,552 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $63.74, for a total value of $1,883,644.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,785 shares of company stock valued at $3,395,646. Company insiders own 1.00% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Somerset Trust Co raised its stake in shares of Brunswick Corporation by 0.4% in the second quarter. Somerset Trust Co now owns 9,309 shares of the company’s stock valued at $584,000 after buying an additional 39 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Brunswick Corporation by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 7,180 shares of the company’s stock worth $450,000 after buying an additional 98 shares during the period. World Asset Management Inc raised its position in shares of Brunswick Corporation by 3.0% in the second quarter. World Asset Management Inc now owns 6,361 shares of the company’s stock worth $399,000 after buying an additional 183 shares during the period. Cornerstone Financial Partners LLC raised its position in shares of Brunswick Corporation by 1.8% in the first quarter. Cornerstone Financial Partners LLC now owns 10,586 shares of the company’s stock worth $647,000 after buying an additional 189 shares during the period. Finally, Tdam USA Inc. raised its position in shares of Brunswick Corporation by 0.5% in the first quarter. Tdam USA Inc. now owns 38,490 shares of the company’s stock worth $2,356,000 after buying an additional 195 shares during the period. 99.59% of the stock is currently owned by hedge funds and other institutional investors.
Brunswick Corporation Company Profile
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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