Brunswick Co. (NYSE:BC) Director Manuel A. Fernandez acquired 13,235 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was purchased at an average cost of $53.09 per share, for a total transaction of $702,646.15. Following the completion of the purchase, the director now directly owns 109,784 shares of the company’s stock, valued at $5,828,432.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NYSE:BC opened at $51.65 on Thursday. The firm has a market cap of $4.48 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.90 and a beta of 1.82. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 0.57. Brunswick Co. has a 52 week low of $48.36 and a 52 week high of $69.82.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, October 25th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.26 billion. Brunswick had a net margin of 2.12% and a return on equity of 26.19%. Equities analysts anticipate that Brunswick Co. will post 4.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Monday, November 19th. This is a positive change from Brunswick’s previous quarterly dividend of $0.19. Brunswick’s payout ratio is 21.59%.

A number of analysts have weighed in on BC shares. Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating and set a $69.00 target price on the stock in a research note on Monday, October 15th. ValuEngine cut shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Wedbush boosted their target price on shares of Brunswick from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, August 13th. They noted that the move was a valuation call. TheStreet cut shares of Brunswick from a “b” rating to a “c+” rating in a research note on Thursday, October 25th. Finally, Citigroup decreased their target price on shares of Brunswick from $76.00 to $66.00 and set a “buy” rating on the stock in a research note on Tuesday, November 6th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $72.00.

Large investors have recently modified their holdings of the company. PointState Capital LP acquired a new position in shares of Brunswick during the second quarter worth $10,059,000. Baird Financial Group Inc. lifted its holdings in shares of Brunswick by 33.9% during the second quarter. Baird Financial Group Inc. now owns 29,106 shares of the company’s stock worth $1,877,000 after purchasing an additional 7,372 shares during the period. Oakbrook Investments LLC lifted its holdings in shares of Brunswick by 33.8% during the third quarter. Oakbrook Investments LLC now owns 11,080 shares of the company’s stock worth $743,000 after purchasing an additional 2,800 shares during the period. Raymond James & Associates lifted its holdings in shares of Brunswick by 12.8% during the second quarter. Raymond James & Associates now owns 24,775 shares of the company’s stock worth $1,597,000 after purchasing an additional 2,805 shares during the period. Finally, Point72 Hong Kong Ltd lifted its holdings in shares of Brunswick by 244.6% during the second quarter. Point72 Hong Kong Ltd now owns 3,405 shares of the company’s stock worth $220,000 after purchasing an additional 2,417 shares during the period. Institutional investors own 94.19% of the company’s stock.

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Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.

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