Brunswick Co. (NYSE:BC) SVP Randall S. Altman Sells 3,417 Shares

Brunswick Co. (NYSE:BC) SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Brunswick Stock Down 1.8 %

NYSE BC traded down $1.15 on Thursday, reaching $61.33. The stock had a trading volume of 140,062 shares, compared to its average volume of 710,332. Brunswick Co. has a 1 year low of $60.80 and a 1 year high of $96.65. The business has a 50 day moving average price of $65.92 and a 200 day moving average price of $74.89. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 32.29 and a beta of 1.54.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same period in the prior year, the business earned $1.45 earnings per share. On average, analysts forecast that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 2.80%. This is a boost from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio is presently 90.53%.

Analysts Set New Price Targets

Several analysts have commented on BC shares. Robert W. Baird set a $90.00 price target on Brunswick in a report on Friday, January 31st. Morgan Stanley upped their price objective on shares of Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Benchmark dropped their price target on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Truist Financial lowered their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Finally, Roth Mkm cut their target price on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.62.

Institutional Trading of Brunswick

A number of institutional investors and hedge funds have recently modified their holdings of BC. Armstrong Advisory Group Inc. acquired a new position in Brunswick during the 4th quarter worth $39,000. Financial Perspectives Inc bought a new stake in Brunswick during the 4th quarter valued at approximately $42,000. Avior Wealth Management LLC increased its position in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after buying an additional 612 shares during the period. Quarry LP bought a new stake in shares of Brunswick in the fourth quarter valued at approximately $45,000. Finally, Covestor Ltd raised its stake in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after purchasing an additional 843 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

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.