Shares are trading at $62.00 which is just over the 50 day moving average of $58.36 and which is marginally over the 200 day moving average of $58.23. The 50 day moving average went up $3.64 or +6.24% and the 200 day average went up $3.77 or +6.48%. (NYSE:BC) shares saw light trading volume with 838K shares changing hands on Thursday. Shares saw a steep decrease in trading volume of 20.33% under the normal average daily volume.
There has been some selling insider activity on Brunswick Corporation (NYSE:BC) recently. John C. Pfeifer, PRES MERCURY MARINE sold $553,204 worth of shares at an average price of $58.00 on Mon the 10th. That brings Pfeifer’s holdings to $2,844,204 as reported to the SEC. PRES MERCURY MARINE John C. Pfeifer disclosed the sale of 2,878 shares. The shares were sold on February 8th for an average price of $59.63. Pfeifer now owns $2,415,850 of the stock according to the SEC filing.
V.P. GEN COUNSEL & SECRETARY Christopher F. Dekker sold 1,645 shares at an average price of $60.33 on Mon the 6th. The V.P. GEN COUNSEL & SECRETARY now owns $1,191,759 of the stock per an SEC filing yesterday.
Here are a few other firms who have also updated their positions. As of quarter end Clinton Group Inc had disposed of a total of 18,916 shares trimming its stake by 70.4%. The value of the investment in (BC) decreased from $1,219,000 to $487,000 a change of 60.0% for the reporting period. Creative Planning divested its position by selling 250 shares a decrease of 24.0% from 03/31/2017 to 06/30/2017. Creative Planning owns 793 shares valued at $50,000. The total value of its holdings decreased 21.9%.
Bank Of Montreal /can/ reduced its holdings by shedding 118 shares a decrease of 3.5% in the quarter. Bank Of Montreal /can/ controls 3,253 shares worth $204,000. The value of the position overall is down by 1.0%. Capstone Asset Management Co grew its stake by buying 400 shares an increase of 5.4%. Capstone Asset Management Co currently owns 7,852 shares with a value of $493,000. The total value of its holdings increased 8.1%.
Imperial Capital began coverage of the stock with an initial rating of “Outperform” and setting a price target of $60.00. February 4 investment analysts at Citigroup held the stock rating at “Buy” but lowered the price expectation to $50.00 from $61.00.
On February 1 BMO Capital made no change to the company rating of “Outperform” but lowered the price target from $70.00 to $59.00. January 29 investment analysts at B. Riley maintained a stock rating of “Buy” but moved up the price target to $70.00 from $59.00.
On December 16 analysts at JP Morgan issued its first research report on the stock giving it an initial rating of “Overweight”. On October 28 B. Riley maintained a company rating of “Buy” and lowered the price expectation from $65.00 to $59.00.
The company is now down from yesterday’s close of $62.04. Brunswick Corporation declared a dividend for shareholders which was paid on Thursday the 15th of June 2017. The dividend payment was $0.165 per share for the quarter or $0.66 annualized. This dividend represents a yield of $1.08. The ex-dividend date was set for Friday the 19th of May 2017.
The P/E ratio is currently 20.59 and the market value is 5.54B. In the last earnings report the EPS was $3.01 and is projected to be $4.06 for the current year with 89,306,000 shares now outstanding. Next quarter’s EPS is forecasted at $1.08 with next year’s EPS anticipated to be $4.63.
Brunswick Corporation, launched on December 31, 1907, is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Business’s product includes marine engines, boats, fitness equipment and active recreation products. The Business’s engine-related products include: outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories. Its boat offerings include: fiberglass pleasure boats; yachts and sport yachts; sport cruisers and sport boats; offshore fishing boats; aluminum and fiberglass fishing boats; pontoon boats; utility boats; deck boats; inflatable boats; and heavy-gauge aluminum boats. Its fitness products include cardiovascular and strength training equipment for both the commercial and consumer markets. It also sells products for active aging, rehabilitation, productive well-being, a complete line of billiards tables and other game room tables and accessories..