Federated Hermes Inc. Has $47.30 Million Holdings in Brunswick Corporation (NYSE:BC)

Federated Hermes Inc. reduced its holdings in shares of Brunswick Corporation (NYSE:BC - Free Report) by 1.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 878,385 shares of the company's stock after selling 8,749 shares during the period. Federated Hermes Inc. owned about 1.34% of Brunswick worth $47,301,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BC. Deutsche Bank AG grew its stake in shares of Brunswick by 0.6% in the fourth quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock worth $1,813,000 after acquiring an additional 160 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Brunswick by 33.3% in the 1st quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after purchasing an additional 269 shares in the last quarter. Peterson Wealth Services raised its stake in shares of Brunswick by 2.5% in the first quarter. Peterson Wealth Services now owns 13,599 shares of the company's stock worth $732,000 after buying an additional 331 shares during the period. Snowden Capital Advisors LLC raised its stake in shares of Brunswick by 6.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock worth $407,000 after buying an additional 378 shares during the period. Finally, GAMMA Investing LLC raised its stake in Brunswick by 59.3% during the 1st quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock valued at $69,000 after purchasing an additional 475 shares during the period. Institutional investors own 99.34% of the company's stock.

Brunswick Stock Down 2.9%

Brunswick stock traded down $1.67 during midday trading on Friday, hitting $56.62. 1,158,162 shares of the company were exchanged, compared to its average volume of 952,668. The company's fifty day moving average price is $57.14 and its 200-day moving average price is $56.42. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The company has a market cap of $3.72 billion, a PE ratio of 91.32 and a beta of 1.27. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned $1.80 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts predict that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 3.0%. Brunswick's dividend payout ratio (DPR) is 277.42%.

Insider Transactions at Brunswick

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. DA Davidson lifted their price objective on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Truist Financial dropped their target price on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Citigroup reaffirmed a "buy" rating and issued a $68.00 price objective (up from $61.00) on shares of Brunswick in a report on Monday, June 16th. BMO Capital Markets decreased their price objective on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Robert W. Baird boosted their target price on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $68.25.

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.