Brunswick Co. (NYSE:BC) Director Sells $28,426.45 in Stock

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now owns 25,361 shares of the company’s stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Brunswick Stock Performance

Shares of NYSE BC opened at $66.32 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The firm has a market cap of $4.38 billion, a P/E ratio of 34.91 and a beta of 1.54. The stock has a fifty day moving average price of $69.13 and a two-hundred day moving average price of $76.19. Brunswick Co. has a 1 year low of $62.64 and a 1 year high of $96.65.

Brunswick (NYSE:BC) last released its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter last year, the company earned $1.45 EPS. Research analysts forecast that Brunswick Co. will post 4.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Brunswick

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in Brunswick in the fourth quarter worth approximately $29,646,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Brunswick by 17.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock worth $259,010,000 after acquiring an additional 452,116 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Brunswick by 1,120.5% in the 3rd quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock worth $29,725,000 after acquiring an additional 325,574 shares during the last quarter. Lightrock Netherlands B.V. acquired a new position in shares of Brunswick in the 4th quarter worth $16,400,000. Finally, Lord Abbett & CO. LLC raised its position in shares of Brunswick by 50.2% during the third quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company’s stock worth $57,328,000 after purchasing an additional 228,662 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

BC has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Citigroup reduced their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. B. Riley lowered shares of Brunswick from a “buy” rating to a “neutral” rating and dropped their price target for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Benchmark reduced their price objective on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Finally, Roth Mkm lowered their target price on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $81.85.

About Brunswick

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.