S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
Randall S. Altman, Senior Vice President and Controller at Brunswick Corp (NYSE:BC), recently sold 3,417 shares of the company’s common stock. The transaction, which took place on February 26, 2025, was executed at a weighted average price of $63.21 per share, totaling approximately $215,988. The sale comes as Brunswick’s stock trades near its 52-week low of $61.42, having declined over 21% in the past six months. According to InvestingPro analysis, the $4.06 billion market cap company appears slightly undervalued based on its Fair Value metrics. Following this sale, Altman retains direct ownership of 26,683 shares. Additionally, he holds an estimated 4,947 shares indirectly through a savings plan trustee. The shares were sold at prices ranging from $63.03 to $63.44. Notably, while this insider sale occurred, InvestingPro data reveals that management has been actively buying back shares, demonstrating confidence in the company’s value. For comprehensive insider trading analysis and 8 additional key insights about Brunswick, explore InvestingPro’s detailed research report.
In other recent news, Brunswick Corporation reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.24, compared to the forecasted $0.22. The company’s revenue also exceeded projections, reaching $1.15 billion against an expected $1.05 billion. Despite these positive results, Brunswick faced a challenging year overall, with net sales down 18% and adjusted EPS falling 48% to $4.57 for the full year. Analyst firm DA Davidson adjusted Brunswick’s stock price target to $64, maintaining a Neutral rating due to a conservative outlook for 2025. Meanwhile, Benchmark reduced its price target for Brunswick to $90 but retained a Buy rating, indicating confidence in the company’s potential for recovery. Brunswick also announced a quarterly dividend of $0.43 per share, marking the 13th consecutive year of dividend increases. This series of developments reflects the company’s strategic efforts to navigate market conditions while continuing to reward shareholders.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.