Brunswick Co. (NYSE:BC) Shares Purchased by River Global Investors LLP

River Global Investors LLP increased its holdings in Brunswick Co. (NYSE:BC) by 22.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,140 shares of the company’s stock after purchasing an additional 2,240 shares during the quarter. River Global Investors LLP’s holdings in Brunswick were worth $1,175,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Alps Advisors Inc. increased its position in shares of Brunswick by 224.7% in the third quarter. Alps Advisors Inc. now owns 49,446 shares of the company’s stock valued at $3,906,000 after buying an additional 34,220 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Brunswick by 30.7% during the 4th quarter. Retirement Systems of Alabama now owns 178,984 shares of the company’s stock valued at $17,317,000 after buying an additional 42,089 shares in the last quarter. Victory Capital Management Inc. grew its stake in Brunswick by 127.6% in the 3rd quarter. Victory Capital Management Inc. now owns 866,226 shares of the company’s stock valued at $68,432,000 after acquiring an additional 485,588 shares during the period. International Assets Investment Management LLC purchased a new stake in Brunswick in the 4th quarter worth $20,460,000. Finally, Envestnet Asset Management Inc. raised its position in Brunswick by 29.5% during the third quarter. Envestnet Asset Management Inc. now owns 144,584 shares of the company’s stock worth $11,422,000 after acquiring an additional 32,901 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BC shares. Truist Financial dropped their target price on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. B. Riley upgraded Brunswick from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $108.00 in a report on Tuesday, February 20th. BNP Paribas reissued a “neutral” rating and set a $82.00 target price (down previously from $94.00) on shares of Brunswick in a report on Monday, April 15th. Roth Mkm restated a “buy” rating and issued a $94.00 target price on shares of Brunswick in a research report on Thursday, April 25th. Finally, DA Davidson reiterated a “neutral” rating and set a $77.00 price target on shares of Brunswick in a research report on Friday, March 15th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and an average price target of $92.83.

Insider Activity at Brunswick

In other news, VP Christopher F. Dekker sold 6,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the transaction, the vice president now directly owns 35,176 shares in the company, valued at approximately $2,973,427.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the transaction, the vice president now directly owns 35,176 shares in the company, valued at $2,973,427.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John G. Buelow sold 2,426 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the completion of the sale, the executive vice president now owns 14,199 shares in the company, valued at approximately $1,237,016.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,053 shares of company stock worth $4,602,880. Insiders own 0.81% of the company’s stock.

Brunswick Trading Up 0.2 %

Brunswick stock traded up $0.18 during trading on Friday, reaching $81.33. 523,769 shares of the company were exchanged, compared to its average volume of 733,194. The stock’s 50 day simple moving average is $88.38 and its two-hundred day simple moving average is $85.09. The company has a market capitalization of $5.60 billion, a P/E ratio of 15.12 and a beta of 1.60. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.68 and a quick ratio of 0.75. Brunswick Co. has a 52-week low of $66.47 and a 52-week high of $99.68.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. The firm’s revenue was down 21.7% on a year-over-year basis. On average, equities research analysts expect that Brunswick Co. will post 7.39 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Friday, May 10th. Brunswick’s dividend payout ratio is presently 31.23%.

Brunswick Company Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.