Stifel Nicolaus Reiterates “Outperform” Rating for Brunswick Co. (BC)

Stifel Nicolaus restated their outperform rating on shares of Brunswick Co. (NYSE:BC) in a research note published on Friday, April 14th. They currently have a $65.00 target price on the stock, up from their prior target price of $64.00.

BC has been the subject of several other research reports. Jefferies Group LLC restated a hold rating and set a $56.00 price target on shares of Brunswick in a research report on Friday, March 31st. BMO Capital Markets restated a buy rating and set a $72.00 price target on shares of Brunswick in a research report on Monday, March 20th. Imperial Capital increased their target price on shares of Brunswick from $60.00 to $70.00 and gave the stock an outperform rating in a research report on Tuesday, January 31st. B. Riley reiterated a buy rating and set a $72.00 target price on shares of Brunswick in a research report on Monday, January 30th. Finally, Zacks Investment Research upgraded shares of Brunswick from a sell rating to a hold rating in a research report on Friday, January 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. Brunswick presently has an average rating of Buy and a consensus target price of $64.64.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, April 27th. The company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Brunswick had a net margin of 6.15% and a return on equity of 23.22%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, May 19th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.21%. Brunswick’s dividend payout ratio is currently 22.07%.

In related news, insider John C. Pfeifer sold 2,346 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $58.26, for a total transaction of $136,677.96. Following the completion of the transaction, the insider now directly owns 44,488 shares in the company, valued at approximately $2,591,870.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John C. Pfeifer sold 9,538 shares of the business’s stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $58.00, for a total value of $553,204.00. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Exencial Wealth Advisors LLC boosted its position in Brunswick by 0.3% in the fourth quarter. Exencial Wealth Advisors LLC now owns 54,088 shares of the company’s stock worth $2,950,000 after buying an additional 160 shares in the last quarter. Cornerstone Financial Partners LLC boosted its position in Brunswick by 1.8% in the first quarter. Cornerstone Financial Partners LLC now owns 10,586 shares of the company’s stock worth $647,000 after buying an additional 189 shares in the last quarter. Tdam USA Inc. boosted its position in Brunswick by 0.5% in the first quarter. Tdam USA Inc. now owns 38,490 shares of the company’s stock worth $2,356,000 after buying an additional 195 shares in the last quarter. Capstone Asset Management Co. boosted its position in Brunswick by 3.8% in the first quarter. Capstone Asset Management Co. now owns 7,452 shares of the company’s stock worth $456,000 after buying an additional 270 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its position in Brunswick by 0.8% in the first quarter. State Treasurer State of Michigan now owns 36,400 shares of the company’s stock worth $2,228,000 after buying an additional 300 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Brunswick Company Profile

Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.

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