iSAM Funds UK Ltd Invests $356,000 in Brunswick Co. (NYSE:BC)

iSAM Funds UK Ltd bought a new stake in Brunswick Co. (NYSE:BC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,498 shares of the company's stock, valued at approximately $356,000.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BC. DA Davidson reissued a "neutral" rating and issued a $43.00 target price (down previously from $64.00) on shares of Brunswick in a report on Monday, April 28th. Truist Financial lowered their price target on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. BMO Capital Markets reduced their price objective on Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Benchmark assumed coverage on shares of Brunswick in a report on Monday, April 28th. They set a "buy" rating and a $70.00 price target on the stock. Finally, Citigroup reduced their target price on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $71.31.

Brunswick Stock Performance

Shares of NYSE:BC traded down $1.54 during mid-day trading on Monday, reaching $49.72. The company had a trading volume of 672,040 shares, compared to its average volume of 793,719. The company's 50-day moving average price is $49.09 and its 200-day moving average price is $61.87. Brunswick Co. has a one year low of $41.00 and a one year high of $87.65. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 26.17 and a beta of 1.28. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.31. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.72 annualized dividend and a dividend yield of 3.46%. Brunswick's payout ratio is 142.15%.

Insider Activity

In other news, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. This represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.81% of the company's stock.

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.