Centiva Capital LP Takes Position in Brunswick Co. (NYSE:BC)

Centiva Capital LP acquired a new stake in shares of Brunswick Co. (NYSE:BC) during the fourth quarter, Holdings Channel reports. The firm acquired 7,655 shares of the company’s stock, valued at approximately $495,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new position in Brunswick in the fourth quarter worth approximately $39,000. Financial Perspectives Inc acquired a new position in shares of Brunswick in the 4th quarter worth $42,000. Quarry LP acquired a new position in shares of Brunswick in the 4th quarter worth $45,000. KBC Group NV raised its position in shares of Brunswick by 42.8% during the fourth quarter. KBC Group NV now owns 2,892 shares of the company’s stock worth $187,000 after purchasing an additional 867 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in shares of Brunswick during the fourth quarter valued at $203,000. Institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

NYSE BC opened at $48.09 on Friday. Brunswick Co. has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The stock’s 50-day moving average is $50.28 and its two-hundred day moving average is $64.08. The firm has a market cap of $3.16 billion, a P/E ratio of 25.31 and a beta of 1.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.31. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned $1.35 EPS. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be paid a $0.43 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.72 dividend on an annualized basis and a yield of 3.58%. Brunswick’s payout ratio is presently 142.15%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Baird R W downgraded Brunswick from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Stifel Nicolaus decreased their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Truist Financial lowered their price objective on shares of Brunswick from $85.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. B. Riley raised Brunswick to a “hold” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets dropped their price target on Brunswick from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Insider Buying and Selling

In other news, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

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.