In today’s session Brunswick Corporation (BC) recorded an unusually high (1,384) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious BC decrease. With 1,384 contracts traded and 1574 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: BC161118P00043000 closed last at: $1.35 or 80% up. About 349,846 shares traded hands. Brunswick Corporation (NYSE:BC) has declined 10.00% since March 29, 2016 and is downtrending. It has underperformed by 13.47% 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 $82.21 million for 11.95 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. Brunswick has been the topic of 11 analyst reports since September 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Brunswick Corporation (NYSE:BC) rating on Friday, January 15. RBC Capital Markets has “Outperform” rating and $49.0 price target. Wedbush maintained it with “Outperform” rating and $63 target price in Friday, September 4 report. The rating was maintained by RBC Capital Markets on Monday, January 18 with “Outperform”. The firm has “Outperform” rating given on Friday, January 22 by RBC Capital Markets. The company was maintained on Friday, April 29 by RBC Capital Markets. The rating was maintained by Citigroup with “Buy” on Thursday, February 4. The stock of Brunswick Corporation (NYSE:BC) has “Outperform” rating given on Tuesday, September 27 by Imperial Capital. B. Riley & Co maintained Brunswick Corporation (NYSE:BC) on Wednesday, October 28 with “Buy” rating. On Wednesday, December 16 the stock rating was initiated by JP Morgan with “Overweight”. The company was downgraded on Monday, January 11 by Raymond James.
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 Q2 2016. Its down 0.37, from 1.34 in 2016Q1. The ratio dropped, 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 Nv holds 0.04% or 7,946 shares in its portfolio. Glenmede Tru Na, a Pennsylvania-based fund reported 397,928 shares. Quantitative Systematic Strategies Limited Liability Co has 0.13% invested in the company for 6,282 shares. Weaver C Barksdale & Assoc last reported 381 shares in the company. Ameritas Invest Prtnrs last reported 14,330 shares in the company. Thrivent For Lutherans last reported 317,399 shares in the company. First Manhattan Com last reported 62 shares in the company. Oakbrook Invs Limited Co last reported 0.02% of its portfolio in the stock. Lord Abbett Com Ltd Liability Com last reported 0.13% of its portfolio in the stock. Nokota Mgmt L P has 0.12% invested in the company for 70,940 shares. California State Teachers Retirement Sys accumulated 0.02% or 192,396 shares. The Belgium-based Kbc Gp Nv has invested 0% in Brunswick Corporation (NYSE:BC). The Massachusetts-based Rhumbline Advisers has invested 0.02% in Brunswick Corporation (NYSE:BC). Penn Capital Mngmt, a Pennsylvania-based fund reported 145,026 shares. The New Jersey-based Blackrock Investment Mngmt Limited Liability has invested 0.01% in Brunswick Corporation (NYSE:BC).
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 2 insider sales for $1.02 million net activity. $943,423 worth of Brunswick Corporation (NYSE:BC) was sold by METZGER WILLIAM on Friday, July 15. Another trade for 1,519 shares valued at $72,444 was made by Pfeifer John C on Friday, May 27.
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 $3.93 billion. The Firm operates in three divisions, which include Marine Engine, Boat and Fitness. It has a 17.24 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.
More news for Brunswick Corporation (NYSE:BC) were recently published by: Nasdaq.com, which released: “Brunswick Corporation : Brunswick Releases Third Quarter 2016 Earnings” on October 27, 2016. Nasdaq.com‘s article titled: “Brunswick Corporation : Lund and Crestliner Boats Celebrate 2-million-hour …” and published on October 11, 2016 is yet another important article.
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