Divisar Capital Management LLC Purchases 7,900 Shares of Brunswick Co. (NYSE:BC)

Divisar Capital Management LLC lifted its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 272,793 shares of the company's stock after acquiring an additional 7,900 shares during the period. Brunswick accounts for about 3.8% of Divisar Capital Management LLC's portfolio, making the stock its 12th largest position. Divisar Capital Management LLC owned approximately 0.41% of Brunswick worth $17,644,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its stake in Brunswick by 78.6% in the third quarter. Barclays PLC now owns 118,189 shares of the company's stock valued at $9,907,000 after acquiring an additional 52,024 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Brunswick by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 233,128 shares of the company's stock worth $19,394,000 after purchasing an additional 5,604 shares in the last quarter. Lord Abbett & CO. LLC grew its position in Brunswick by 50.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company's stock valued at $57,328,000 after purchasing an additional 228,662 shares during the period. Principal Financial Group Inc. increased its stake in Brunswick by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company's stock valued at $90,171,000 after purchasing an additional 28,781 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Brunswick by 7.4% during the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company's stock worth $124,705,000 after buying an additional 102,780 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Insider Transactions at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of Brunswick 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 sale, the senior vice president now 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. Insiders sold 4,279 shares of company stock valued at $264,475 over the last three months. Company insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BC. Baird R W lowered shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. DA Davidson reissued a "neutral" rating and issued a $43.00 price objective (down from $64.00) on shares of Brunswick in a research note on Monday, April 28th. Stifel Nicolaus cut their target price on Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Jefferies Financial Group lowered their price target on Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Finally, Citigroup cut their price objective on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. 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 company has a consensus rating of "Moderate Buy" and an average target price of $71.00.

Brunswick Stock Performance

Shares of NYSE:BC traded up $1.01 during mid-day trading on Friday, reaching $47.34. The company had a trading volume of 1,128,655 shares, compared to its average volume of 775,346. The company's 50-day moving average price is $51.55 and its 200-day moving average price is $65.27. Brunswick Co. has a one year low of $41.00 and a one year high of $87.65. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 24.92 and a beta of 1.42. 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 (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.31. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a $0.43 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 3.63%. This is a positive change from Brunswick's previous quarterly dividend of $0.42. Brunswick's payout ratio is 142.15%.

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.