In today’s session Brunswick Corporation (BC) registered an unusually high (277) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BC increase. With 277 contracts traded and 834 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BC161118C00050000 closed last at: $2.2 or 37.5% up. About 23,946 shares traded hands. Brunswick Corporation (NYSE:BC) has risen 11.39% since March 9, 2016 and is uptrending. It has outperformed by 3.98% the S&P500.
Analysts await Brunswick Corporation (NYSE:BC) to report earnings on November, 3. They expect $0.91 EPS, up 18.18% or $0.14 from last year’s $0.77 per share. BC’s profit will be $79.71 million for 13.42 P/E if the $0.91 EPS becomes a reality. After $1.19 actual EPS reported by Brunswick Corporation for the previous quarter, Wall Street now forecasts -23.53% negative EPS growth.
Brunswick Corporation (NYSE:BC) Ratings Coverage
Out of 8 analysts covering Brunswick (NYSE:BC), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. $70 is the highest target while $49 is the lowest. The $59.33 average target is 21.43% above today’s ($48.86) stock price. Brunswick has been the topic of 11 analyst reports since September 4, 2015 according to StockzIntelligence Inc. The stock of Brunswick Corporation (NYSE:BC) earned “Outperform” rating by BMO Capital Markets on Friday, October 30. The stock of Brunswick Corporation (NYSE:BC) earned “Outperform” rating by Imperial Capital on Tuesday, September 27. B. Riley & Co maintained Brunswick Corporation (NYSE:BC) on Wednesday, October 28 with “Buy” rating. The stock of Brunswick Corporation (NYSE:BC) earned “Overweight” rating by JP Morgan on Wednesday, December 16. The firm has “Outperform” rating by Wedbush given on Friday, September 4. The rating was maintained by RBC Capital Markets on Monday, January 18 with “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 15. The stock has “Outperform” rating given by RBC Capital Markets on Friday, January 22. The company was maintained on Friday, April 29 by RBC Capital Markets. Citigroup maintained it with “Buy” rating and $50 target price in Thursday, February 4 report.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.37, from 1.34 in 2016Q1. The ratio turned negative, as 30 funds sold all Brunswick Corporation shares owned while 114 reduced positions. 35 funds bought stakes while 104 increased positions. They now own 80.08 million shares or 7.67% less from 86.74 million shares in 2016Q1.
Kempen Capital Mgmt Nv reported 7,946 shares or 0.04% of all its holdings. Moreover, Thompson Davis Company has 0.02% invested in Brunswick Corporation (NYSE:BC) for 256 shares. The Illinois-based Driehaus Cap has invested 0.02% in Brunswick Corporation (NYSE:BC). Loring Wolcott Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma has invested 0% of its portfolio in Brunswick Corporation (NYSE:BC). Dubuque State Bank Company holds 65 shares or 0% of its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt Sys owns 17,444 shares or 0.01% of their US portfolio. State Board Of Administration Of Florida Retirement owns 102,926 shares or 0.01% of their US portfolio. Susquehanna Grp Llp last reported 0% of its portfolio in the stock. Legal General Grp Public Ltd last reported 0% of its portfolio in the stock. Moreover, Wright Service has 0.27% invested in Brunswick Corporation (NYSE:BC) for 14,595 shares. Franklin Resources holds 167,600 shares or 0% of its portfolio. Invesco has 2.63 million shares for 0.04% of their US portfolio. Ledyard State Bank has invested 0% of its portfolio in Brunswick Corporation (NYSE:BC). Barclays Public Limited Com owns 303,201 shares or 0.02% of their US portfolio. Clinton Grp Inc last reported 0.05% of its portfolio in the stock.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 2 sales for $1.02 million net activity. Shares for $943,423 were sold by METZGER WILLIAM on Friday, July 15. Pfeifer John C sold $72,444 worth of stock.
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 $4.28 billion. The Firm operates in three divisions, which include Marine Engine, Boat and Fitness. It has a 19.37 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.
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.
Another recent and important Brunswick Corporation (NYSE:BC) news was published by Nasdaq.com which published an article titled: “Brunswick Corporation : Lund and Crestliner Boats Celebrate 2-million-hour …” on October 11, 2016.
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