River Global Investors LLP Purchases 2,240 Shares of Brunswick Co. (NYSE:BC)

River Global Investors LLP increased its position in Brunswick Co. (NYSE:BC) by 22.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,140 shares of the company’s stock after acquiring an additional 2,240 shares during the quarter. River Global Investors LLP’s holdings in Brunswick were worth $1,175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alps Advisors Inc. raised 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 purchasing an additional 34,220 shares during the period. Retirement Systems of Alabama lifted its position in shares of Brunswick by 30.7% during the fourth quarter. Retirement Systems of Alabama now owns 178,984 shares of the company’s stock worth $17,317,000 after acquiring an additional 42,089 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Brunswick by 127.6% in the third quarter. Victory Capital Management Inc. now owns 866,226 shares of the company’s stock worth $68,432,000 after acquiring an additional 485,588 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Brunswick in the fourth quarter valued at $20,460,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Brunswick by 29.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 144,584 shares of the company’s stock valued at $11,422,000 after purchasing an additional 32,901 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on BC. Truist Financial cut their target price on Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Roth Mkm reissued a “buy” rating and issued a $94.00 price target on shares of Brunswick in a report on Thursday, April 25th. BNP Paribas reaffirmed a “neutral” rating and issued a $82.00 price target (down previously from $94.00) on shares of Brunswick in a report on Monday, April 15th. DA Davidson reissued a “neutral” rating and set a $77.00 price objective on shares of Brunswick in a research note on Friday, March 15th. Finally, Stifel Nicolaus upped their target price on Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Brunswick currently has a consensus rating of “Moderate Buy” and an average target price of $92.83.

Insider Transactions at Brunswick

In related news, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the sale, the director now directly owns 23,211 shares in the company, valued at approximately $1,864,771.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the sale, the vice president now directly owns 35,176 shares in the company, valued at approximately $2,973,427.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the transaction, the director now directly owns 23,211 shares in the company, valued at $1,864,771.74. The disclosure for this sale can be found here. Over the last 90 days, 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 %

Shares of BC stock traded up $0.18 on Friday, hitting $81.33. 523,769 shares of the company’s stock traded hands, compared to its average volume of 733,194. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.75 and a current ratio of 1.68. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 15.12 and a beta of 1.60. The company’s fifty day simple moving average is $88.38 and its 200 day simple moving average is $85.09. Brunswick Co. has a one year low of $66.47 and a one year high of $99.68.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The firm’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same period last year, the business posted $2.57 earnings per share. Equities analysts forecast that Brunswick Co. will post 7.39 EPS for the current year.

Brunswick Dividend Announcement

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

Brunswick 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.