Insider Selling: 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 transaction of $28,426.45. Following the completion of the transaction, the director now owns 25,361 shares in the company, valued at $1,664,949.65. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Brunswick Stock Performance

Brunswick stock opened at $66.32 on Friday. 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 stock has a 50 day moving average of $69.13 and a 200-day moving average of $76.19. The stock has a market cap of $4.38 billion, a P/E ratio of 34.91 and a beta of 1.54. Brunswick Co. has a 52 week low of $62.64 and a 52 week high of $96.65.

Brunswick (NYSE:BC) last announced its quarterly earnings data 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 net margin of 2.48% and a return on equity of 15.41%. During the same quarter last year, the company posted $1.45 earnings per share. On average, analysts expect that Brunswick Co. will post 4.3 EPS for the current fiscal year.

Institutional Trading of Brunswick

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of 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 acquiring an additional 145 shares in the last quarter. Inspire Investing LLC boosted its holdings in Brunswick by 2.8% in the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock worth $465,000 after purchasing an additional 153 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Brunswick by 3.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after purchasing an additional 174 shares during the last quarter. Pacer Advisors Inc. increased its stake in Brunswick by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after purchasing an additional 190 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after purchasing an additional 235 shares during the period. 99.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BC has been the subject of several recent research reports. Citigroup dropped their price objective on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. DA Davidson cut their price objective on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Morgan Stanley upped their target price on Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Stifel Nicolaus dropped 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. Finally, Benchmark decreased their price target on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.85.

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.