Royce & Associates LP Sells 28,875 Shares of Brunswick Corporation (NYSE:BC)

Royce & Associates LP trimmed its holdings in shares of Brunswick Corporation (NYSE:BC - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 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 approximately 0.74% of Brunswick worth $26,279,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP boosted its position in shares of Brunswick by 4,972.7% during the first quarter. Allworth Financial LP now owns 558 shares of the company's stock valued at $30,000 after buying an additional 547 shares during the last quarter. UMB Bank n.a. lifted its stake in Brunswick by 695.7% during the 1st 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 period. First Horizon Advisors Inc. boosted its holdings in shares of Brunswick by 171.6% during the 1st 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 grew its stake in shares of Brunswick by 451.0% in the first quarter. Signaturefd LLC now owns 810 shares of the company's stock worth $44,000 after acquiring an additional 663 shares during the period. Finally, Quarry LP bought a new position in Brunswick in the fourth quarter valued at about $45,000. Institutional investors own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Baird R W cut Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. BMO Capital Markets dropped their target price on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Jefferies Financial Group cut their price target on Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. DA Davidson restated a "neutral" rating and issued a $43.00 price objective (down from $64.00) on shares of Brunswick in a research report on Monday, April 28th. Finally, Roth Capital increased their target price on Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $69.46.

Insider Buying and Selling

In related 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 transaction of $122,319.24. Following the completion of the sale, the vice president directly owned 44,466 shares of the company's stock, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.81% of the company's stock.

Brunswick Price Performance

Shares of NYSE BC traded up $1.16 during midday trading on Friday, reaching $60.55. 1,131,486 shares of the stock traded hands, compared to its average volume of 904,333. The company's 50 day moving average is $56.37 and its 200 day moving average is $56.62. Brunswick Corporation has a one year low of $41.00 and a one year high of $87.65. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.65. The stock has a market capitalization of $3.98 billion, a PE ratio of 97.65 and a beta of 1.27.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The company reported $1.16 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned $1.80 earnings per share. Brunswick's quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.84%. The ex-dividend date is Wednesday, August 20th. Brunswick's payout ratio is 277.42%.

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.