Deroy & Devereaux Private Investment Counsel Inc. Has $15.32 Million Stock Holdings in Brunswick Corporation (NYSE:BC)

Deroy & Devereaux Private Investment Counsel Inc. increased its position in Brunswick Corporation (NYSE:BC - Free Report) by 38.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 284,475 shares of the company's stock after purchasing an additional 79,578 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.43% of Brunswick worth $15,319,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas bought a new stake in shares of Brunswick in the first quarter valued at $520,000. First Horizon Advisors Inc. boosted its holdings in Brunswick by 171.6% during the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock valued at $41,000 after acquiring an additional 477 shares during the period. Hudson Edge Investment Partners Inc. increased its position in shares of Brunswick by 63.2% in the first quarter. Hudson Edge Investment Partners Inc. now owns 12,361 shares of the company's stock valued at $666,000 after acquiring an additional 4,787 shares during the period. Birch Hill Investment Advisors LLC increased its stake in shares of Brunswick by 32.9% during the first quarter. Birch Hill Investment Advisors LLC now owns 30,024 shares of the company's stock valued at $1,617,000 after buying an additional 7,432 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Brunswick by 7.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,349 shares of the company's stock worth $396,000 after buying an additional 484 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on BC. Robert W. Baird raised their price target on shares of Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. DA Davidson restated a "neutral" rating and set a $43.00 target price (down previously from $64.00) on shares of Brunswick in a research note on Monday, April 28th. Jefferies Financial Group lowered their price target on Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Citigroup reaffirmed a "buy" rating and issued a $68.00 target price (up from $61.00) on shares of Brunswick in a report on Monday, June 16th. Finally, BMO Capital Markets decreased their target price on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $70.00.

Brunswick Price Performance

Brunswick stock opened at $59.44 on Friday. The stock has a market capitalization of $3.90 billion, a PE ratio of 49.12 and a beta of 1.27. The business has a 50 day simple moving average of $52.65 and a 200-day simple moving average of $57.26. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.57 and a quick ratio of 0.65. Brunswick Corporation 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 earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.31. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.14 billion. Brunswick had a net margin of 1.62% and a return on equity of 12.88%. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the firm posted $1.35 EPS. Equities analysts predict that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.72 annualized dividend and a yield of 2.89%. Brunswick's dividend payout ratio is presently 142.15%.

Insider Buying and Selling

In other news, VP Christopher F. Dekker sold 2,092 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following the sale, the vice president directly owned 44,466 shares in the company, valued at approximately $2,599,927.02. This represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Company 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.

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