Ralph C. Stayer Purchases 3,310 Shares of Brunswick Co. (BC) Stock
Brunswick Co. (NYSE:BC) Director Ralph C. Stayer acquired 3,310 shares of the business’s stock in a transaction on Thursday, December 6th. The stock was acquired at an average cost of $51.22 per share, for a total transaction of $169,538.20. Following the transaction, the director now directly owns 116,211 shares in the company, valued at $5,952,327.42. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of BC stock traded down $1.56 during mid-day trading on Friday, hitting $49.57. The stock had a trading volume of 1,036,879 shares, compared to its average volume of 673,324. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 0.89 and a beta of 1.82. Brunswick Co. has a 12-month low of $48.36 and a 12-month high of $69.82.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, October 25th. The company reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Brunswick had a return on equity of 26.19% and a net margin of 2.12%. Research analysts predict that Brunswick Co. will post 4.69 EPS for the current fiscal year.
BC has been the topic of several research analyst reports. Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating and set a $69.00 price objective on the stock in a research report on Monday, October 15th. ValuEngine cut Brunswick from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Wedbush upped their target price on Brunswick from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, August 13th. They noted that the move was a valuation call. TheStreet cut Brunswick from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Finally, Citigroup lowered their target price on Brunswick from $76.00 to $66.00 and set a “buy” rating for the company in a report on Tuesday, November 6th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.00.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale lifted its stake in shares of Brunswick by 5.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,822 shares of the company’s stock worth $1,445,000 after purchasing an additional 1,050 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Brunswick by 1.8% during the 3rd quarter. Arizona State Retirement System now owns 61,578 shares of the company’s stock worth $4,127,000 after purchasing an additional 1,061 shares during the last quarter. Strs Ohio lifted its stake in shares of Brunswick by 28.0% during the 3rd quarter. Strs Ohio now owns 4,897 shares of the company’s stock worth $328,000 after purchasing an additional 1,072 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Brunswick by 18.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 7,007 shares of the company’s stock worth $470,000 after purchasing an additional 1,092 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Brunswick by 6.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 21,042 shares of the company’s stock worth $1,410,000 after purchasing an additional 1,182 shares during the last quarter. Hedge funds and other institutional investors own 94.19% of the company’s stock.
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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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