Representative Jefferson Shreve (R-Indiana) recently bought shares of Brunswick Co. NYSE: BC. In a filing disclosed on March 09th, the Representative disclosed that they had bought between $15,001 and $50,000 in Brunswick stock on February 24th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
Shares of Brunswick stock opened at $58.82 on Tuesday. Brunswick Co. has a one year low of $55.40 and a one year high of $96.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The stock's 50-day moving average is $64.90 and its 200 day moving average is $74.04. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 30.96 and a beta of 1.54.
Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter last year, the business posted $1.45 EPS. Equities research analysts anticipate that Brunswick Co. will post 4.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a $0.43 dividend. This is a boost from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date is Monday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 2.92%. Brunswick's dividend payout ratio is presently 90.53%.
In related news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the sale, the director now directly owns 25,361 shares of the company's stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares of the company's stock, valued at $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.
Several equities research analysts recently commented on BC shares. Roth Mkm cut their target price on Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Robert W. Baird set a $90.00 target price on Brunswick in a research report on Friday, January 31st. Truist Financial cut their price target on Brunswick from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. B. Riley upgraded Brunswick to a "hold" rating in a report on Wednesday, February 12th. Finally, Benchmark cut their price target on Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.62.
Read Our Latest Report on BC
Institutional investors and hedge funds have recently modified their holdings of the stock. Armstrong Advisory Group Inc. purchased a new stake in shares of Brunswick in the fourth quarter worth approximately $39,000. Financial Perspectives Inc purchased a new stake in shares of Brunswick in the fourth quarter worth approximately $42,000. Quarry LP purchased a new stake in shares of Brunswick in the fourth quarter worth approximately $45,000. Avior Wealth Management LLC raised its stake in shares of Brunswick by 1,073.7% in the third quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock worth $56,000 after purchasing an additional 612 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company's stock worth $81,000 after purchasing an additional 843 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email [email protected] to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.
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