Key Points
- CEO David Foulkes sold 38,266 Brunswick shares on Feb 5 at an average price of $86.56 for about $3.31 million, trimming his stake by 12.37% to 271,169 shares (≈$23.47M).
- Brunswick reported Q1 EPS of $0.58 (in line) and revenue of $1.33 billion (up 15.5% YoY), but posted a negative net margin of 2.56% and carries a negative PE; analysts' consensus is an average "Hold" rating with a $83.93 target (range ~$76–$101).
Brunswick Corporation (NYSE:BC - Get Free Report) CEO David Foulkes sold 38,266 shares of the company's stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $86.56, for a total value of $3,312,304.96. Following the completion of the sale, the chief executive officer owned 271,169 shares in the company, valued at approximately $23,472,388.64. This represents a 12.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Brunswick Stock Performance
Shares of BC stock opened at $87.95 on Friday. The stock has a fifty day moving average price of $79.62 and a 200 day moving average price of $69.24. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 1.44. The stock has a market cap of $5.72 billion, a PE ratio of -41.49 and a beta of 1.39. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $89.61.
Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.21 billion. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.Brunswick's revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. Sell-side analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Brunswick
Several hedge funds have recently made changes to their positions in the business. Markel Group Inc. increased its stake in Brunswick by 42.5% in the fourth quarter. Markel Group Inc. now owns 47,750 shares of the company's stock valued at $3,545,000 after purchasing an additional 14,250 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Brunswick by 8,750.0% in the 4th quarter. Global Retirement Partners LLC now owns 4,602 shares of the company's stock valued at $342,000 after buying an additional 4,550 shares during the period. Trajan Wealth LLC purchased a new stake in Brunswick in the 4th quarter valued at about $233,000. PNC Financial Services Group Inc. increased its stake in shares of Brunswick by 8.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,168 shares of the company's stock valued at $458,000 after acquiring an additional 465 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Brunswick by 2.5% during the 4th quarter. HighTower Advisors LLC now owns 9,811 shares of the company's stock worth $728,000 after acquiring an additional 243 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.
Analysts Set New Price Targets
BC has been the topic of several recent research reports. Griffin Securities set a $76.00 price target on shares of Brunswick in a report on Monday. Texas Capital lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 12th. Morgan Stanley set a $81.00 price target on Brunswick in a research report on Friday, January 16th. Wolfe Research set a $90.00 price objective on Brunswick in a research report on Monday, January 12th. Finally, Citigroup increased their price objective on Brunswick from $100.00 to $101.00 and gave the company a "buy" rating in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $83.93.
Get Our Latest Analysis on BC
Brunswick Company Profile
(
Get Free Report)
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.
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