Brunswick Corporation (NYSE:BC) Stock Position Lifted by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC lifted its holdings in shares of Brunswick Corporation (NYSE:BC - Free Report) by 32.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,024 shares of the company's stock after purchasing an additional 7,432 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in Brunswick were worth $1,617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FIL Ltd increased its position in Brunswick by 323.9% during the fourth quarter. FIL Ltd now owns 1,114,324 shares of the company's stock worth $72,074,000 after purchasing an additional 851,449 shares during the last quarter. Turtle Creek Asset Management Inc. grew its stake in shares of Brunswick by 19.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock valued at $191,806,000 after buying an additional 488,412 shares during the period. Norges Bank acquired a new stake in shares of Brunswick during the 4th quarter worth $30,097,000. Raymond James Financial Inc. acquired a new stake in shares of Brunswick during the 4th quarter worth $29,646,000. Finally, JPMorgan Chase & Co. raised its position in shares of Brunswick by 18.1% in the 4th quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock worth $113,655,000 after buying an additional 269,413 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Brunswick Stock Down 0.3%

Shares of NYSE BC traded down $0.15 during trading on Friday, reaching $55.37. 1,110,282 shares of the stock were exchanged, compared to its average volume of 821,666. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 45.76 and a beta of 1.27. The business's 50-day moving average price is $50.20 and its 200 day moving average price is $58.62. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 1.12. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.31. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.14 billion. Brunswick had a net margin of 1.62% and a return on equity of 12.88%. The firm's revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. As a group, equities analysts forecast that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, May 19th were paid 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 yield of 3.11%. Brunswick's dividend payout ratio (DPR) is presently 142.15%.

Insider Buying and Selling at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total transaction of $122,319.24. Following the transaction, the vice president now directly owns 44,466 shares in the company, valued at $2,599,927.02. This represents a 4.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BC. Truist Financial lowered their price target on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group decreased their target price on Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Benchmark initiated coverage on shares of Brunswick in a research report on Monday, April 28th. They set a "buy" rating and a $70.00 target price for the company. Citigroup reaffirmed a "buy" rating and set a $68.00 price target (up from $61.00) on shares of Brunswick in a research report on Monday. Finally, Robert W. Baird increased their price objective on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Brunswick has an average rating of "Moderate Buy" and an average target price of $70.00.

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.