NBC Securities Inc. Boosts Stake in Brunswick Co. (NYSE:BC)

NBC Securities Inc. lifted its holdings in shares of Brunswick Co. (NYSE:BC - Free Report) by 182,900.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,490 shares of the company's stock after acquiring an additional 5,487 shares during the quarter. NBC Securities Inc.'s holdings in Brunswick were worth $295,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Empowered Funds LLC raised its position in Brunswick by 177.9% in the fourth quarter. Empowered Funds LLC now owns 27,259 shares of the company's stock worth $1,763,000 after acquiring an additional 17,450 shares during the period. Birch Hill Investment Advisors LLC raised its holdings in shares of Brunswick by 372.9% in the 4th quarter. Birch Hill Investment Advisors LLC now owns 22,592 shares of the company's stock worth $1,461,000 after purchasing an additional 17,815 shares during the period. Lightrock Netherlands B.V. bought a new stake in shares of Brunswick in the 4th quarter worth approximately $16,400,000. Peterson Wealth Services lifted its stake in Brunswick by 6.8% in the fourth quarter. Peterson Wealth Services now owns 13,268 shares of the company's stock valued at $858,000 after purchasing an additional 847 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Brunswick by 21.7% during the fourth quarter. Van ECK Associates Corp now owns 125,017 shares of the company's stock valued at $8,086,000 after purchasing an additional 22,324 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Price Performance

Shares of BC traded up $1.14 during mid-day trading on Tuesday, reaching $58.36. 1,286,075 shares of the stock traded hands, compared to its average volume of 818,137. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 30.72 and a beta of 1.27. Brunswick Co. has a 1 year low of $41.00 and a 1 year high of $87.65. The firm has a fifty day moving average price of $48.63 and a 200 day moving average price of $59.68. 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 posted its earnings results on Thursday, April 24th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.25 by $0.31. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.14 billion. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The firm's revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.35 earnings per share. As a group, equities research analysts predict that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Monday, May 19th. Brunswick's dividend payout ratio (DPR) is presently 142.15%.

Wall Street Analysts Forecast Growth

BC has been the topic of a number of recent research reports. DA Davidson reaffirmed a "neutral" rating and set a $43.00 price target (down previously from $64.00) on shares of Brunswick in a research report on Monday, April 28th. Baird R W downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Jefferies Financial Group reduced their target price on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Truist Financial lowered their price target 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. Finally, B. Riley raised shares of Brunswick to a "hold" rating in a report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $71.31.

About Brunswick

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.