Brunswick (NYSE:BC) CEO David Foulkes Sells 38,266 Shares of Stock

Brunswick Corporation (NYSE:BC) CEO David Foulkes sold 38,266 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $86.56, for a total transaction of $3,312,304.96. Following the completion of the transaction, the chief executive officer owned 271,169 shares in the company, valued at $23,472,388.64. This represents a 12.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Brunswick Trading Up 1.5%

Shares of Brunswick stock opened at $87.95 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $79.62 and a 200-day simple moving average of $69.24. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of -41.49 and a beta of 1.39. Brunswick Corporation has a 12-month low of $41.00 and a 12-month high of $89.61.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. Brunswick’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, equities analysts forecast that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on BC shares. Wolfe Research set a $90.00 price target on Brunswick in a research report on Monday, January 12th. Morgan Stanley set a $81.00 price target on shares of Brunswick in a research report on Friday, January 16th. BMO Capital Markets increased their price target on shares of Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Seaport Research Partners upgraded shares of Brunswick to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Griffin Securities set a $76.00 target price on shares of Brunswick in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $83.93.

Hedge Funds Weigh In On Brunswick

Several institutional investors and hedge funds have recently added to or reduced their stakes in BC. First Horizon Corp purchased a new stake in shares of Brunswick in the third quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its position in shares of Brunswick by 72.3% during the 4th quarter. Farther Finance Advisors LLC now owns 379 shares of the company’s stock worth $28,000 after purchasing an additional 159 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Brunswick during the 4th quarter worth $30,000. Jones Financial Companies Lllp increased its holdings in shares of Brunswick by 50.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock valued at $31,000 after purchasing an additional 166 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Brunswick in the third quarter valued at about $37,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

About Brunswick

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.