Financial Perspectives Inc Takes Position in Brunswick Co. (NYSE:BC)

Financial Perspectives Inc acquired a new position in Brunswick Co. (NYSE:BC) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 645 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds also recently bought and sold shares of BC. Massachusetts Financial Services Co. MA grew its stake in shares of Brunswick by 17.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock valued at $259,010,000 after purchasing an additional 452,116 shares during the period. Janus Henderson Group PLC grew its position in Brunswick by 1,120.5% during the third quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock valued at $29,725,000 after buying an additional 325,574 shares during the period. Lightrock Netherlands B.V. purchased a new stake in Brunswick during the fourth quarter valued at approximately $16,400,000. Lord Abbett & CO. LLC raised its position in Brunswick by 50.2% in the third quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company’s stock worth $57,328,000 after acquiring an additional 228,662 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of Brunswick by 447.5% during the 3rd quarter. New York State Common Retirement Fund now owns 271,681 shares of the company’s stock worth $22,772,000 after acquiring an additional 222,062 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Trading Down 0.2 %

Brunswick stock opened at $64.64 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The firm’s 50 day moving average price is $66.80 and its 200-day moving average price is $75.31. Brunswick Co. has a 1 year low of $62.64 and a 1 year high of $96.65. The stock has a market cap of $4.27 billion, a P/E ratio of 34.02 and a beta of 1.54.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same period in the previous year, the company posted $1.45 EPS. On average, equities analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be paid a dividend of $0.43 per share. The ex-dividend date is Monday, February 24th. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 2.66%. Brunswick’s dividend payout ratio is presently 88.42%.

Analyst Ratings Changes

Several equities research analysts have recently commented on BC shares. Truist Financial reduced their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Benchmark decreased their price objective on Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. B. Riley upgraded shares of Brunswick to a “hold” rating in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus dropped their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.85.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the transaction, the director now owns 25,361 shares in the company, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by company insiders.

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.