Birch Hill Investment Advisors LLC Buys 7,432 Shares of Brunswick Co. (NYSE:BC)

Birch Hill Investment Advisors LLC lifted its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,024 shares of the company's stock after buying an additional 7,432 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in Brunswick were worth $1,617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of Brunswick by 695.7% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after buying an additional 640 shares during the period. Financial Perspectives Inc acquired a new stake in Brunswick in the fourth quarter valued at approximately $42,000. Quarry LP bought a new stake in shares of Brunswick during the fourth quarter valued at approximately $45,000. Fifth Third Bancorp raised its position in shares of Brunswick by 33.3% during the first quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after purchasing an additional 269 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Brunswick by 59.3% in the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock worth $69,000 after purchasing an additional 475 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BC shares. Baird R W lowered shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird lifted their target price on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Jefferies Financial Group dropped their price objective on Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets reduced their target price on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, Citigroup increased their target price on shares of Brunswick from $61.00 to $68.00 and gave the company a "buy" rating in a report on Monday. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Brunswick has a consensus rating of "Moderate Buy" and a consensus target price of $70.00.

Brunswick Price Performance

Shares of NYSE BC opened at $57.08 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. Brunswick Co. has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The stock has a market cap of $3.75 billion, a PE ratio of 30.04 and a beta of 1.27. The stock has a fifty day moving average of $49.68 and a 200-day moving average of $58.84.

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, 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 firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $1.35 earnings per share. The company's revenue for the quarter was down 10.5% on a year-over-year basis. Equities research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 19th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.01%. Brunswick's dividend payout ratio (DPR) is presently 142.15%.

Insider Transactions at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of the transaction, the vice president now directly owns 44,466 shares in the company, valued at approximately $2,599,927.02. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.81% of the stock is owned by insiders.

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.

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