Brunswick (NYSE:BC) Downgraded to “Neutral” Rating by B. Riley

Brunswick (NYSE:BC) was downgraded by research analysts at B. Riley from a “buy” rating to a “neutral” rating in a report issued on Tuesday,Briefing.com Automated Import reports. They presently have a $88.00 price target on the stock, down from their previous price target of $95.00. B. Riley’s price objective points to a potential upside of 2.54% from the company’s previous close.

A number of other analysts also recently commented on the stock. Citigroup boosted their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Benchmark reaffirmed a “buy” rating and issued a $100.00 price target on shares of Brunswick in a report on Friday, October 25th. Finally, Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.54.

Brunswick Price Performance

NYSE:BC opened at $85.82 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.97 and a debt-to-equity ratio of 1.17. The business’s 50-day moving average price is $81.92 and its 200 day moving average price is $78.78. Brunswick has a 52-week low of $69.05 and a 52-week high of $99.68. The firm has a market cap of $5.66 billion, a P/E ratio of 21.35 and a beta of 1.51.

Insider Buying and Selling

In related news, Director Joseph W. Mcclanathan sold 4,745 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $80.14, for a total value of $380,264.30. Following the transaction, the director now owns 19,218 shares in the company, valued at approximately $1,540,130.52. This represents a 19.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Nancy E. Cooper sold 366 shares of Brunswick stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.19, for a total transaction of $29,349.54. Following the completion of the sale, the director now owns 24,557 shares of the company’s stock, valued at $1,969,225.83. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,940 shares of company stock worth $2,321,176. 0.81% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its holdings in Brunswick by 0.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after purchasing an additional 145 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Brunswick by 2.8% during the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock worth $465,000 after buying an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after buying an additional 174 shares during the period. Comerica Bank grew its stake in Brunswick by 0.6% in the 1st quarter. Comerica Bank now owns 35,548 shares of the company’s stock valued at $3,431,000 after buying an additional 205 shares during the last quarter. Finally, CWM LLC raised its holdings in Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after acquiring an additional 235 shares during the period. Institutional investors own 99.34% of the company’s stock.

Brunswick Company Profile

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.