1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC lowered its position in shares of Brunswick Co. ( NYSE:BC – Free Report ) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 6,364 shares of the company’s stock after selling 723 shares during the period. Orion Portfolio Solutions LLC’s holdings in Brunswick were worth $412,000 as of its most recent filing with the Securities and Exchange Commission. Other hedge funds and other institutional investors also recently modified their holdings of the company.
Pictet Asset Management Holding SA raised its holdings in Brunswick by 12.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 9,422 shares of the company’s stock valued at $609,000 after acquiring an additional 1,080 shares in the last quarter.
New Age Alpha Advisors LLC bought a new position in shares of Brunswick in the 4th quarter valued at $396,000. Norges Bank bought a new position in Brunswick in the fourth quarter valued at about $30,097,000. JPMorgan Chase & Co.
raised its holdings in Brunswick by 18.1% in the 4th quarter. JPMorgan Chase & Co.
now owns 1,757,186 shares of the company’s stock valued at $113,655,000 after buying an additional 269,413 shares during the last quarter. Finally, Stevens Capital Management LP bought a new position in shares of Brunswick during the fourth quarter valued at $203,000. Institutional investors and hedge funds own 99.
34% of the company’s stock. Wall Street Analysts Forecast Growth A number of equities analysts have recently issued reports on the company. Roth Mkm lowered their price objective on Brunswick from $91.
00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Robert W.
Baird reiterated a “neutral” rating and set a $56.00 price objective (down previously from $90.00) on shares of Brunswick in a report on Friday, April 4th.
B. Riley upgraded Brunswick to a “hold” rating in a report on Wednesday, February 12th. Citigroup dropped their price target on shares of Brunswick from $92.
00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, Morgan Stanley raised 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. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company.
According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $79.00.
Insider Activity In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.
65, for a total value of $28,426.45. Following the completion of the sale, the director now directly owns 25,361 shares of the company’s stock, valued at $1,664,949.
65. The trade was a 1.68 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . Also, SVP Randall S. Altman sold 3,417 shares of the business’s stock in a transaction dated Wednesday, February 26th.
The shares were sold at an average price of $63.21, for a total value of $215,988.57.
Following the completion of the sale, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. This trade represents a 11.
35 % decrease in their position. The disclosure for this sale can be found here . Company insiders own 0.
81% of the company’s stock. Brunswick Stock Performance Shares of BC opened at $41.94 on Wednesday.
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 has a market cap of $2.76 billion, a PE ratio of 22.
07 and a beta of 1.42. Brunswick Co.
has a 1 year low of $41.17 and a 1 year high of $94.03.
The stock’s fifty day moving average price is $59.12 and its two-hundred day moving average price is $70.05.
Brunswick ( NYSE:BC – Get Free Report ) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company posted $1.
45 EPS. On average, equities research analysts forecast that Brunswick Co. will post 4.
19 EPS for the current year. Brunswick Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a $0.
43 dividend. 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 dividend yield of 4.10%.
The ex-dividend date of this dividend was Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is 90.53%.
About Brunswick ( Free Report ) 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.
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