American National Bank & Trust Buys Shares of 6,230 Brunswick Co. (NYSE:BC)

American National Bank & Trust purchased a new position in Brunswick Co. (NYSE:BC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,230 shares of the company's stock, valued at approximately $335,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Financial Perspectives Inc acquired a new stake in shares of Brunswick during the 4th quarter valued at about $42,000. Quarry LP acquired a new stake in shares of Brunswick during the 4th quarter valued at about $45,000. KBC Group NV boosted its position in shares of Brunswick by 42.8% during 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. Stevens Capital Management LP acquired a new stake in shares of Brunswick during the 4th quarter valued at about $203,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Brunswick by 121.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,295 shares of the company's stock valued at $213,000 after purchasing an additional 1,809 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Trading Up 0.6%

Shares of BC traded up $0.31 on Thursday, reaching $55.04. 1,653,598 shares of the company's stock were exchanged, compared to its average volume of 806,097. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $3.62 billion, a P/E ratio of 28.97 and a beta of 1.27. The business has a 50 day moving average price of $48.34 and a two-hundred day moving average price of $60.30. Brunswick Co. has a 12 month low of $41.00 and a 12 month high of $87.65.

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

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.13%. The ex-dividend date is Monday, May 19th. Brunswick's payout ratio is presently 142.15%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Benchmark assumed coverage on shares of Brunswick in a report on Monday, April 28th. They set a "buy" rating and a $70.00 price target for the company. DA Davidson reissued a "neutral" rating and set a $43.00 price target (down from $64.00) on shares of Brunswick in a report on Monday, April 28th. BMO Capital Markets cut their price target on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Baird R W downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Truist Financial cut their price target on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.