Brunswick (NYSE:BC) PT Lowered to $75.00 at JPMorgan Chase & Co.

Brunswick (NYSE:BC) had its target price trimmed by JPMorgan Chase & Co. from $78.00 to $75.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the company. Citigroup decreased their price objective on Brunswick from $100.00 to $88.00 and set a buy rating on the stock in a research report on Monday, July 8th. Stifel Nicolaus dropped their price objective on shares of Brunswick from $97.00 to $95.00 and set a buy rating for the company in a research note on Friday, July 12th. Truist Financial reduced their target price on shares of Brunswick from $95.00 to $90.00 and set a buy rating on the stock in a research note on Monday, July 8th. B. Riley dropped their price target on shares of Brunswick from $108.00 to $97.00 and set a buy rating for the company in a research note on Wednesday, July 10th. Finally, Benchmark began coverage on shares of Brunswick in a research report on Wednesday, May 22nd. They issued a buy rating and a $100.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Brunswick has a consensus rating of Moderate Buy and an average price target of $88.57.

Brunswick Price Performance

BC stock opened at $79.98 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.75 and a current ratio of 1.70. The company’s fifty day moving average price is $76.11 and its 200-day moving average price is $83.08. Brunswick has a one year low of $66.47 and a one year high of $99.68. The company has a market capitalization of $5.40 billion, a PE ratio of 14.87 and a beta of 1.52.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, July 25th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.10). Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm posted $2.35 earnings per share. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, equities analysts anticipate that Brunswick will post 5.25 EPS for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st will be given a $0.42 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.10%. Brunswick’s payout ratio is 31.23%.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 357 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the transaction, the director now owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Nancy E. Cooper sold 357 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the transaction, the director now directly owns 23,211 shares in the company, valued at $1,864,771.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Brenna Preisser sold 1,225 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total transaction of $100,560.25. Following the transaction, the vice president now directly owns 58,076 shares of the company’s stock, valued at $4,767,458.84. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brunswick

Several hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. acquired a new stake in shares of Brunswick during the 4th quarter valued at about $28,000. Johnson Financial Group Inc. purchased a new stake in shares of Brunswick in the fourth quarter valued at approximately $30,000. Rise Advisors LLC raised its stake in shares of Brunswick by 249.5% during the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after buying an additional 232 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of Brunswick by 347.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock valued at $42,000 after buying an additional 337 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Brunswick by 43,700.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after acquiring an additional 437 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

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.