Cresset Asset Management LLC Has $304,000 Stock Holdings in Brunswick Co. (NYSE:BC)

Cresset Asset Management LLC lowered its position in Brunswick Co. (NYSE:BC - Free Report) by 69.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,706 shares of the company's stock after selling 10,824 shares during the period. Cresset Asset Management LLC's holdings in Brunswick were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Brunswick by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,084,038 shares of the company's stock valued at $134,796,000 after acquiring an additional 10,951 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Brunswick by 18.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock valued at $113,655,000 after acquiring an additional 269,413 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Brunswick by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,462,558 shares of the company's stock valued at $94,599,000 after acquiring an additional 41,583 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Brunswick by 4.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,338,619 shares of the company's stock valued at $86,582,000 after acquiring an additional 59,228 shares during the last quarter. Finally, FIL Ltd raised its stake in shares of Brunswick by 323.9% in the fourth quarter. FIL Ltd now owns 1,114,324 shares of the company's stock valued at $72,074,000 after acquiring an additional 851,449 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Insider Activity

In related news, SVP Randall S. Altman sold 3,417 shares of the company'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 completion of the transaction, the senior vice president now directly owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. This represents a 11.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by company insiders.

Brunswick Trading Down 0.3%

Shares of NYSE:BC traded down $0.14 during mid-day trading on Tuesday, reaching $52.80. The stock had a trading volume of 933,066 shares, compared to its average volume of 787,110. The firm has a market cap of $3.47 billion, a PE ratio of 27.79 and a beta of 1.28. The firm has a 50 day simple moving average of $49.61 and a two-hundred day simple moving average of $62.76. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Brunswick Co. has a twelve month low of $41.00 and a twelve month high of $87.65.

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

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Monday, May 19th. Brunswick's dividend payout ratio (DPR) is 142.15%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Jefferies Financial Group dropped their price objective on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. BMO Capital Markets dropped their price objective on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. B. Riley upgraded shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Truist Financial dropped their price objective on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley boosted their price objective on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.31.

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.