Stock On Watch: Here is What Institutional Investors Think About Brunswick Corp (NYSE:BC)

November 30, 2016 - By Ellis Scott   ·   0 Comments

Stock On Watch: Here is What Institutional Investors Think About Brunswick Corp (NYSE:BC)

Sentiment for Brunswick Corp (NYSE:BC)

Brunswick Corp (NYSE:BC) institutional sentiment increased to 1.06 in Q2 2016. Its up 0.09, from 0.97 in 2016Q1. The ratio is better, as 139 investment managers opened new or increased positions, while 144 sold and reduced their equity positions in Brunswick Corp. The investment managers in our partner’s database now possess: 80.08 million shares, down from 86.74 million shares in 2016Q1. Also, the number of investment managers holding Brunswick Corp in their top 10 positions was flat from 2 to 2 for the same number . Sold All: 30 Reduced: 114 Increased: 104 New Position: 35.

Brunswick Corporation is a designer, maker and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The company has a market cap of $4.54 billion. The Firm operates in three divisions, which include Marine Engine, Boat and Fitness. It has a 18.69 P/E ratio. The Marine Engine segment makes and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world.

About 202,697 shares traded hands. Brunswick Corporation (NYSE:BC) has declined 3.94% since April 27, 2016 and is downtrending. It has underperformed by 9.16% the S&P500.

Analysts await Brunswick Corporation (NYSE:BC) to report earnings on January, 26. They expect $0.65 EPS, up 25.00% or $0.13 from last year’s $0.52 per share. BC’s profit will be $58.87 million for 19.28 P/E if the $0.65 EPS becomes a reality. After $0.91 actual EPS reported by Brunswick Corporation for the previous quarter, Wall Street now forecasts -28.57% negative EPS growth.

According to Zacks Investment Research, “Brunswick Corporation is a manufacturer and marketer of leading consumer brands in four segments: Marine Engines, Boats, Fitness and Bowling & Billiards. The company also owns and operates: Brunswick bowling centers across the United States and internationally; Land ‘N’ Sea, a distributor of marine parts and accessories; and Omni Fitness, a chain of specialty fitness equipment retail stores.”

Daruma Capital Management Llc holds 3.51% of its portfolio in Brunswick Corporation for 1.19 million shares. Shellback Capital Lp owns 334,821 shares or 1.95% of their US portfolio. Moreover, Skyline Asset Management Lp has 1.9% invested in the company for 570,600 shares. The Connecticut-based Impala Asset Management Llc has invested 1.77% in the stock. Hodges Capital Management Inc., a Texas-based fund reported 728,906 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 1 insider sale for $943,423 net activity.

Brunswick Corporation (NYSE:BC) Ratings Coverage

Ratings analysis reveals 88% of Brunswick’s analysts are positive. Out of 8 Wall Street analysts rating Brunswick, 7 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $49 while the high is $70. The stock’s average target of $59.33 is 18.35% above today’s ($50.13) share price. BC was included in 11 notes of analysts from September 4, 2015. The firm has “Overweight” rating given on Wednesday, December 16 by JP Morgan. The firm earned “Outperform” rating on Monday, January 18 by RBC Capital Markets. The rating was initiated by Imperial Capital on Tuesday, September 27 with “Outperform”. The firm has “Outperform” rating given on Friday, January 15 by RBC Capital Markets. As per Friday, January 22, the company rating was maintained by RBC Capital Markets. The stock of Brunswick Corporation (NYSE:BC) has “Outperform” rating given on Friday, September 4 by Wedbush. B. Riley & Co maintained the shares of BC in a report on Wednesday, October 28 with “Buy” rating. Citigroup maintained Brunswick Corporation (NYSE:BC) rating on Thursday, February 4. Citigroup has “Buy” rating and $50 price target. The stock of Brunswick Corporation (NYSE:BC) has “Outperform” rating given on Friday, April 29 by RBC Capital Markets. On Friday, October 30 the stock rating was maintained by BMO Capital Markets with “Outperform”.

BC Company Profile

Brunswick Corporation (Brunswick), incorporated on December 31, 1907, is a designer, maker and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Firm operates in three divisions, which include Marine Engine, Boat and Fitness. Brunswick’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems, and marine parts and accessories. The Company’s boat offerings include fiberglass pleasure boats, yachts and sport yachts, offshore fishing boats, aluminum fishing boats, pontoon boats, deck boats and inflatable boats. Brunswick’s fitness products include both cardiovascular and strength training equipment for the commercial and consumer markets. The Firm also sells a line of billiards tables and other gaming tables and accessories.

More news for Brunswick Corporation (NYSE:BC) were recently published by: Finance.Yahoo.com, which released: “Brunswick Corporation : Brunswick Acquires Payne’s Marine” on November 18, 2016. Finance.Yahoo.com‘s article titled: “Brunswick Corporation : Brunswick Names Brown Vice President – Chief …” and published on November 07, 2016 is yet another important article.

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By Ellis Scott

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