Brunswick Corp. (NYSE: BC) is -2.86% lower on its value in year-to-date trading and has touched a low of $66.47 and a high of $99.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BC stock was last observed hovering at around $92.13 in the last trading session, with the day’s gains setting it 1.85%.
Currently trading at $93.98, the stock is 6.41% and 8.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 2.01% at the moment leaves the stock 13.33% off its SMA200. BC registered 16.88% gain for a year compared to 6-month gain of 19.90%. The firm has a 50-day simple moving average (SMA 50) of $1.33 and a 200-day simple moving average (SMA200) of $8.39.
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The stock witnessed a 7.05% loss in the last 1 month and extending the period to 3 months gives it a -2.31%, and is 10.43% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.89% over the week and 2.49% over the month.
Brunswick Corp. (BC) has around 17300 employees, a market worth around $6.41B and $6.40B in sales. Current P/E ratio is 15.79 and Fwd P/E is 10.75. Profit margin for the company is 6.57%. Distance from 52-week low is 41.39% and -5.71% from its 52-week high. The company has generated returns on investments over the last 12 months (10.02%).
Brunswick Corp. quarterly earnings per share for the current quarter are estimated at $1.35 with sales reaching $1.37B over the same period.The EPS is expected to shrink by -15.30% this year, but quarterly earnings will post -5.30% year-over-year. Quarterly sales are estimated to shrink -20.00% in year-over-year returns.
526 institutions hold shares in Brunswick Corp. (BC), with institutional investors hold 103.47% of the company’s shares. The shares outstanding are 68.23M, and float is at 67.02M with Short Float at 5.52%. Institutions hold 102.13% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 7.44 million shares valued at $644.37 million. The investor’s holdings represent 10.52% of the BC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.13 million shares valued at $530.69 million to account for 8.66% of the shares outstanding. The other top investors are Cantillon Capital Management LLC which holds 4.41 million shares representing 6.24% and valued at over $382.03 million, while Massachusetts Financial Services Co. holds 4.62% of the shares totaling 3.27 million with a market value of $282.98 million.
Brunswick Corp. (BC) Insider Activity
The most recent transaction is an insider sale by FOULKES DAVID M, the company’s Chief Executive Officer. SEC filings show that FOULKES DAVID M sold 35,000 shares of the company’s common stock on Feb 26 ’24 at a price of $87.11 per share for a total of $3.05 million. Following the sale, the insider now owns 0.27 million shares.
Brunswick Corp. disclosed in a document filed with the SEC on Feb 22 ’24 that COOPER NANCY E (Director) sold a total of 357 shares of the company’s common stock. The trade occurred on Feb 22 ’24 and was made at $87.91 per share for $31384.0. Following the transaction, the insider now directly holds 22549.0 shares of the BC stock.
Still, SEC filings show that on Feb 16 ’24, Gwillim Ryan M (E.V.P. & CFO) disposed off 9,036 shares at an average price of $87.10 for $0.79 million. The insider now directly holds 28,966 shares of Brunswick Corp. (BC).
