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Wednesday, February 8, 2023

Investing In Brunswick Corporation (NYSE: BC): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Brunswick Corporation (BC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.21, or -0.28%, to $75.00. The Brunswick Corporation has recorded 29,472 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Brunswick Corporation Announces Evolution of Iconic Parent Brand Reflecting Most Comprehensive Technology Vision in Company History.

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Stocks Info

The company is listed on the NYSE and operates within the Leisure industry segment. At the end of the last regular session, the stock closed at $75.21 and fluctuated between $75.91 as its day high and $72.80 as its day low. The current market capitalization of Brunswick Corporation is $5.47B. A total of 0.59 million shares were traded on the day, compared to an average of 606.04K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, BC has seen 9 BUY and 1 SELL insider trades, representing the acquisition of 7,383 and the disposition of 77 shares. Over the last 12 months, there were 58 BUYs and 34 SELLs from insiders. Insiders purchased 243,234 shares during that period but sold 135,425.

In the most recent transaction, SINGER DAVID V sold 180 shares of BC for 80.69 per share on Aug 01. After the transaction, the Director now owns 19,329 company shares. In a previous transaction on Aug 01, COOPER NANCY E sold 346 shares at 80.69 per share. BC shares that Director owns now total 18,159.

Among the insiders who sold shares, ALTMAN RANDALL S disposed of 2,040 shares on Mar 14 at a per-share price of $85.86. This resulted in the Vice President and Controller holding 18,797 shares of BC after the transaction. In another insider transaction, Dekker Christopher F sold 7,854 shares at $95.74 per share on Feb 18. Company shares held by the E.V.P. GEN COUNSEL & SECRETARY now total 41,693.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Brunswick Corporation pays an annual dividend of $1.46, resulting in a dividend yield of 1.94%, and it has a price to earnings (P/E) ratio of 8.92. BC’s most recent ex-dividend date was 11/22/2022 when it declared a $0.3650 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 9/15/2022 with an ex-dividend date of 8/23/2022. The BC stock dividend was $0.3650 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for BC in the last 3 months, the mean price target is $94.50 with high estimates of $110.00 and low estimates of $82.00. In terms of 52-week highs and lows, BC has a high of $103.43 and a low of $61.89.

As of this writing, BC has an earnings estimate of $2.16 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $2.36 per share and a lower estimate of $1.88. The company reported an EPS of $2.82 in the last quarter, which was 4.40% higher than expectations of $2.7.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BC is Underweight with a score of 4.50. A total of 11 analysts rated the stock as Buy while 2 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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