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

Brunswick Co. (NYSE:BC) Director Nancy E. Cooper sold 433 shares of the firm’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 completion of the sale, the director now directly owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Brunswick Trading Up 1.5 %

BC traded up $1.00 on Tuesday, hitting $67.13. The company had a trading volume of 556,482 shares, compared to its average volume of 781,599. Brunswick Co. has a 12-month low of $62.64 and a 12-month high of $96.65. The business’s fifty day simple moving average is $69.97 and its 200 day simple moving average is $76.40. The company has a market cap of $4.43 billion, a PE ratio of 35.33 and a beta of 1.54. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the company posted $1.45 EPS. Equities research analysts expect that Brunswick Co. will post 4.3 EPS for the current year.

Analysts Set New Price Targets

BC has been the topic of several recent research reports. DA Davidson cut their price target on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. 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 note on Friday, January 24th. Morgan Stanley increased their target price on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday. Citigroup decreased their price objective on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, Stifel Nicolaus reduced their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Brunswick presently has an average rating of “Moderate Buy” and a consensus price target of $81.85.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in Brunswick in the third quarter worth about $26,000. Armstrong Advisory Group Inc. acquired a new position in shares of Brunswick during the 4th quarter worth approximately $39,000. Financial Perspectives Inc acquired a new position in shares of Brunswick during the 4th quarter worth approximately $42,000. Avior Wealth Management LLC boosted its stake in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after purchasing an additional 612 shares during the period. Finally, Covestor Ltd boosted its stake in Brunswick by 669.0% in 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 period. 99.34% of the stock is owned by hedge funds and other institutional investors.

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.