Raymond James Financial Services Advisors Inc. Raises Position in Brunswick Co. (NYSE:BC)

Raymond James Financial Services Advisors Inc. raised its holdings in Brunswick Co. (NYSE:BC) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,252 shares of the company’s stock after buying an additional 764 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Brunswick were worth $605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Valley National Advisers Inc. purchased a new stake in shares of Brunswick during the 3rd quarter worth $25,000. Rockefeller Capital Management L.P. lifted its position in shares of Brunswick by 104.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares during the last quarter. Fred Alger Management LLC purchased a new stake in shares of Brunswick during the 1st quarter worth $40,000. Neo Ivy Capital Management purchased a new stake in shares of Brunswick during the 2nd quarter worth $46,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Brunswick during the 1st quarter worth $52,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Insider Transactions at Brunswick

In related news, VP Christopher F. Dekker sold 6,234 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the sale, the vice president now owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Ryan M. Gwillim sold 9,036 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.10, for a total transaction of $787,035.60. Following the sale, the chief financial officer now owns 28,966 shares of the company’s stock, valued at $2,522,938.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christopher F. Dekker sold 6,234 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 52,696 shares of company stock worth $4,574,199 over the last ninety days. 0.81% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. B. Riley raised shares of 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 research report on Tuesday, February 20th. Roth Mkm boosted their price target on shares of Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Raymond James cut shares of Brunswick from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 4th. Stifel Nicolaus boosted their price target on shares of Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, DA Davidson reissued a “neutral” rating and issued a $77.00 price target on shares of Brunswick in a research report on Friday, March 15th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and an average target price of $92.69.

Brunswick Trading Down 0.9 %

Shares of Brunswick stock opened at $82.09 on Friday. Brunswick Co. has a 52-week low of $66.47 and a 52-week high of $99.68. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. The company’s 50-day simple moving average is $89.38 and its 200-day simple moving average is $84.47. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 13.80 and a beta of 1.56.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, February 1st. The company reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $1.99 earnings per share. The company’s revenue was down 14.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Brunswick Co. will post 7.49 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.05%. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 23rd. Brunswick’s payout ratio is 28.24%.

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.