Brunswick Co. (NYSE:BC) Shares Acquired by Cwm LLC

Cwm LLC boosted its holdings in Brunswick Co. (NYSE:BC) by 21.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,323 shares of the company’s stock after acquiring an additional 235 shares during the period. Cwm LLC’s holdings in Brunswick were worth $111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its position in shares of Brunswick by 43,700.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after acquiring an additional 437 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of Brunswick by 2.4% during the 1st quarter. State of Michigan Retirement System now owns 16,870 shares of the company’s stock worth $1,628,000 after purchasing an additional 400 shares during the last quarter. Valley National Advisers Inc. grew its holdings in shares of Brunswick by 47.0% during the first quarter. Valley National Advisers Inc. now owns 1,120 shares of the company’s stock worth $108,000 after buying an additional 358 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Brunswick by 32.0% in the first quarter. Van ECK Associates Corp now owns 73,470 shares of the company’s stock valued at $7,091,000 after buying an additional 17,824 shares during the last quarter. Finally, Bridgewater Advisors Inc. lifted its stake in shares of Brunswick by 2.4% during the first quarter. Bridgewater Advisors Inc. now owns 14,151 shares of the company’s stock valued at $1,366,000 after buying an additional 334 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 358 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $81.34, for a total transaction of $29,119.72. Following the completion of the sale, the director now directly owns 23,877 shares of the company’s stock, valued at approximately $1,942,155.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Price Performance

Brunswick stock opened at $80.76 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $5.46 billion, a P/E ratio of 15.01 and a beta of 1.51. The firm has a fifty day moving average of $80.28 and a 200-day moving average of $79.19. Brunswick Co. has a 52-week low of $66.47 and a 52-week high of $99.68.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.10). Brunswick had a net margin of 5.92% and a return on equity of 23.46%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the business earned $2.35 earnings per share. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. As a group, analysts predict that Brunswick Co. will post 5.26 EPS for the current year.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 20th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.68 annualized dividend and a dividend yield of 2.08%. Brunswick’s payout ratio is currently 31.23%.

Analyst Ratings Changes

Several research firms have commented on BC. Citigroup lifted their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Truist Financial dropped their target price on Brunswick from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Jefferies Financial Group reissued a “hold” rating and issued a $70.00 price target (down from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Northcoast Research raised shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

About Brunswick

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.