Sendero Wealth Management LLC Purchases 38,326 Shares of Brunswick Co. (NYSE:BC)

Sendero Wealth Management LLC boosted its holdings in Brunswick Co. (NYSE:BC - Free Report) by 286.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,686 shares of the company's stock after acquiring an additional 38,326 shares during the quarter. Sendero Wealth Management LLC owned 0.08% of Brunswick worth $2,783,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Financial Perspectives Inc purchased a new position in Brunswick in the fourth quarter valued at about $42,000. Quarry LP bought a new position in Brunswick during the fourth quarter valued at $45,000. KBC Group NV increased its position in Brunswick by 42.8% in the fourth quarter. KBC Group NV now owns 2,892 shares of the company's stock worth $187,000 after buying an additional 867 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Brunswick during the 4th quarter valued at $203,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Brunswick by 121.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,295 shares of the company's stock worth $213,000 after buying an additional 1,809 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Brunswick Trading Up 2.5%

BC traded up $1.36 during midday trading on Friday, reaching $56.36. 1,035,360 shares of the company's stock traded hands, compared to its average volume of 807,279. Brunswick Co. has a 52 week low of $41.00 and a 52 week high of $87.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The firm has a fifty day moving average of $48.34 and a two-hundred day moving average of $60.30. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 29.65 and a beta of 1.27.

Brunswick (NYSE:BC - Get Free Report) last announced its 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. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.14 billion. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 earnings per share. On average, equities analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Monday, May 19th. Brunswick's payout ratio is currently 142.15%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BC. DA Davidson reiterated 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. Robert W. Baird lifted their target price on shares of Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Jefferies Financial Group cut their price target 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 dropped their price target on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, B. Riley upgraded Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Brunswick currently has a consensus 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.