Janus Henderson Group PLC Acquires 175,620 Shares of Brunswick Co. (NYSE:BC)

Janus Henderson Group PLC lifted its position in Brunswick Co. (NYSE:BC - Free Report) by 49.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 530,251 shares of the company's stock after acquiring an additional 175,620 shares during the quarter. Janus Henderson Group PLC owned approximately 0.80% of Brunswick worth $34,296,000 as of its most recent filing with the SEC.

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

Brunswick Price Performance

NYSE:BC traded up $0.35 on Tuesday, reaching $53.29. The stock had a trading volume of 206,154 shares, compared to its average volume of 784,286. The company has a market capitalization of $3.50 billion, a P/E ratio of 28.07 and a beta of 1.28. Brunswick Co. has a 1-year low of $41.00 and a 1-year high of $87.65. The stock has a fifty day moving average price of $49.61 and a 200-day moving average price of $62.76. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.31. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.14 billion. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The firm's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period last year, the company posted $1.35 earnings per share. Research analysts forecast that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.23%. The ex-dividend date is Monday, May 19th. Brunswick's dividend payout ratio (DPR) is presently 142.15%.

Analyst Ratings Changes

Several analysts recently weighed in on BC shares. DA Davidson restated a "neutral" rating and set a $43.00 target price (down previously from $64.00) on shares of Brunswick in a research note on Monday, April 28th. Benchmark began coverage on shares of Brunswick in a report on Monday, April 28th. They set a "buy" rating and a $70.00 price objective on the stock. Robert W. Baird lifted their price target on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday. B. Riley raised shares of Brunswick to a "hold" rating in a report on Wednesday, February 12th. Finally, Truist Financial decreased their target price 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. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Brunswick has a consensus rating of "Moderate Buy" and a consensus price target of $71.31.

Insider Buying and Selling at Brunswick

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at approximately $1,686,632.43. This represents a 11.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company's stock.

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.