Royce & Associates LP Has $26.28 Million Position in Brunswick Corporation (NYSE:BC)

Royce & Associates LP reduced its position in shares of Brunswick Corporation (NYSE:BC - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 488,004 shares of the company's stock after selling 28,875 shares during the period. Royce & Associates LP owned about 0.74% of Brunswick worth $26,279,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Allworth Financial LP lifted its position in Brunswick by 4,972.7% in the first quarter. Allworth Financial LP now owns 558 shares of the company's stock valued at $30,000 after acquiring an additional 547 shares during the last quarter. UMB Bank n.a. lifted its position in Brunswick by 695.7% in the first quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after acquiring an additional 640 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Brunswick by 171.6% in the first 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 last quarter. Signaturefd LLC lifted its position in Brunswick by 451.0% in the first quarter. Signaturefd LLC now owns 810 shares of the company's stock valued at $44,000 after acquiring an additional 663 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Brunswick in the fourth quarter valued at about $45,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BC has been the subject of a number of research reports. Truist Financial reduced their target price 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. Roth Capital upped their target price on shares of Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. 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 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, Benchmark initiated coverage on shares of Brunswick in a report on Monday, April 28th. They issued a "buy" rating and a $70.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $70.69.

Brunswick Stock Performance

Shares of Brunswick stock traded down $0.54 during trading hours on Monday, reaching $60.25. The company's stock had a trading volume of 704,134 shares, compared to its average volume of 969,629. The company's 50 day simple moving average is $56.37 and its 200 day simple moving average is $56.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.68. Brunswick Corporation has a one year low of $41.00 and a one year high of $87.65. The stock has a market cap of $3.96 billion, a P/E ratio of 97.18 and a beta of 1.27.

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

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be given a $0.43 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $1.72 annualized dividend and a yield of 2.85%. Brunswick's dividend payout ratio is presently 277.42%.

Insiders Place Their Bets

In related news, VP Christopher F. Dekker sold 2,092 shares of Brunswick stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the sale, the vice president directly owned 44,466 shares in the company, valued at $2,599,927.02. This trade represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.85% of the stock is currently owned by corporate insiders.

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.