Hudson Edge Investment Partners Inc. Boosts Stock Holdings in Brunswick Corporation (NYSE:BC)

Hudson Edge Investment Partners Inc. raised its position in shares of Brunswick Corporation (NYSE:BC - Free Report) by 63.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,361 shares of the company's stock after purchasing an additional 4,787 shares during the quarter. Hudson Edge Investment Partners Inc.'s holdings in Brunswick were worth $666,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Birch Hill Investment Advisors LLC grew its holdings in Brunswick by 32.9% in the 1st 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 last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Brunswick by 7.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,349 shares of the company's stock valued at $396,000 after acquiring an additional 484 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Brunswick by 33.3% during the 1st quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after acquiring an additional 269 shares during the period. GAMMA Investing LLC boosted its holdings in Brunswick by 59.3% in 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. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Brunswick by 5.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 20,818 shares of the company's stock valued at $1,121,000 after acquiring an additional 1,049 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the company's stock in a transaction dated 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 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company's stock.

Brunswick Stock Performance

Shares of BC stock traded down $0.42 on Thursday, hitting $59.44. The company's stock had a trading volume of 626,192 shares, compared to its average volume of 816,593. The stock's 50 day moving average is $52.41 and its 200-day moving average is $57.35. The company has a market capitalization of $3.90 billion, a PE ratio of 15.88 and a beta of 1.27. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 1.57. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.22 billion for 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 business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 EPS. Equities research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently announced 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 2.89%. Brunswick's dividend payout ratio is presently 142.15%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial decreased their price target on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Baird R W lowered shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Jefferies Financial Group lowered their target price on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird boosted their target price on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Benchmark began coverage on Brunswick in a report on Monday, April 28th. They issued a "buy" rating and a $70.00 target price for the company. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.00.

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.