Brunswick (NYSE:BC) Raised to Hold at B. Riley

B. Riley upgraded shares of Brunswick (NYSE:BC) to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other research firms also recently issued reports on BC. Roth Mkm dropped their target price on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Benchmark dropped their target price 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 dropped their target price on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, Citigroup dropped their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brunswick has an average rating of “Moderate Buy” and a consensus price target of $81.85.

Brunswick Stock Up 1.1 %

Shares of NYSE BC opened at $64.95 on Wednesday. The company has a market capitalization of $4.29 billion, a P/E ratio of 34.18 and a beta of 1.54. Brunswick has a 52-week low of $62.64 and a 52-week high of $96.65. 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 company’s 50 day moving average price is $67.73 and its 200-day moving average price is $75.76.

Brunswick (NYSE:BC) last issued its quarterly 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 net margin of 2.48% and a return on equity of 15.41%. During the same period in the prior year, the company posted $1.45 EPS. Equities analysts forecast that Brunswick will post 4.2 earnings per share for the current year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.43 per share. This is an increase from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 2.65%. Brunswick’s dividend payout ratio is presently 88.42%.

Insiders Place Their Bets

In other news, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction 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 owns 25,361 shares in the company, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Institutional Trading of Brunswick

Institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Brunswick in the 3rd quarter worth $26,000. Armstrong Advisory Group Inc. bought a new position in Brunswick during the fourth quarter valued at about $39,000. Financial Perspectives Inc bought a new position in Brunswick during the fourth quarter valued at about $42,000. Avior Wealth Management LLC grew its position in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after buying an additional 612 shares during the period. Finally, Covestor Ltd grew its position in Brunswick by 669.0% during the third quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after buying an additional 843 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.