The stock of Brunswick Corporation (NYSE:BC) is a huge mover today! About 937,153 shares traded hands. Brunswick Corporation (NYSE:BC) has declined 5.02% since April 8, 2016 and is downtrending. It has underperformed by 10.67% the S&P500.
The move comes after 5 months positive chart setup for the $4.32 billion company. It was reported on Nov, 10 by Barchart.com. We have $74.67 PT which if reached, will make NYSE:BC worth $2.55B more.
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 the shares of BC in a report on Friday, January 15 with “Outperform” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 22 report. As per Thursday, February 4, the company rating was maintained by Citigroup. RBC Capital Markets maintained it with “Outperform” rating and $49 target price in Monday, January 18 report. As per Tuesday, September 27, the company rating was initiated by Imperial Capital. The rating was downgraded by Raymond James on Monday, January 11 to “Mkt Perform”. The firm earned “Outperform” rating on Friday, April 29 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, October 28 by B. Riley & Co. The firm has “Outperform” rating by BMO Capital Markets given on Friday, October 30. On Friday, September 4 the stock rating was maintained by Wedbush with “Outperform”.
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 fall, 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.
Lord Abbett Limited Liability Corporation, a New Jersey-based fund reported 936,142 shares. Winfield Associate Inc reported 5 shares or 0% of all its holdings. State Street Corporation accumulated 2.61 million shares or 0.01% of the stock. Investors Capital Advisory Serv last reported 4,890 shares in the company. Mufg Americas Corp reported 952 shares or 0% of all its holdings. Checchi Advisers Limited Liability holds 0% of its portfolio in Brunswick Corporation (NYSE:BC) for 136 shares. Moreover, Oakbrook Ltd Liability has 0.02% invested in Brunswick Corporation (NYSE:BC) for 9,000 shares. Aqr Cap Mgmt Limited Liability Com has invested 0.08% of its portfolio in Brunswick Corporation (NYSE:BC). Barrett Asset Ltd Liability Corp reported 474 shares or 0% of all its holdings. Huntington Financial Bank reported 520 shares or 0% of all its holdings. Massachusetts Fin Serv Ma, a Massachusetts-based fund reported 73,653 shares. Cornerstone Cap Management Hldgs Limited Liability Company last reported 0.02% of its portfolio in the stock. Weiss Multi has 146,139 shares for 0.51% of their US portfolio. The Connecticut-based Impala Asset Mngmt has invested 1.77% in Brunswick Corporation (NYSE:BC). State Board Of Administration Of Florida Retirement last reported 102,926 shares in the company.
Insider Transactions: Since May 27, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.02 million net activity. Pfeifer John C sold $72,444 worth of stock or 1,519 shares. 19,051 shares were sold by METZGER WILLIAM, worth $943,423.
More news for Brunswick Corporation (NYSE:BC) were recently published by: Globenewswire.com, which released: “Brunswick Corporation : Brunswick Names Brown Vice President – Chief …” on November 07, 2016. Finance.Yahoo.com‘s article titled: “Brunswick Corporation : Brunswick Public Foundation Awards Local United Way …” and published on October 31, 2016 is yet another important article.
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.
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