Brunswick Co. (NYSE:BC) Shares Acquired by Sendero Wealth Management LLC

Sendero Wealth Management LLC grew its holdings in Brunswick Co. (NYSE:BC - Free Report) by 286.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,686 shares of the company's stock after purchasing an additional 38,326 shares during the quarter. Sendero Wealth Management LLC owned approximately 0.08% of Brunswick worth $2,783,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Turtle Creek Asset Management Inc. boosted its position in Brunswick by 19.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after acquiring an additional 488,412 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Brunswick by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,084,038 shares of the company's stock worth $134,796,000 after purchasing an additional 10,951 shares during the period. JPMorgan Chase & Co. raised its stake in Brunswick by 18.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock worth $113,655,000 after purchasing an additional 269,413 shares during the period. American Century Companies Inc. raised its stake in Brunswick by 2.9% during the fourth quarter. American Century Companies Inc. now owns 1,462,558 shares of the company's stock worth $94,599,000 after purchasing an additional 41,583 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Brunswick by 4.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,338,619 shares of the company's stock worth $86,582,000 after purchasing an additional 59,228 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BC. B. Riley raised shares of Brunswick to a "hold" rating in a research note on Wednesday, February 12th. Truist Financial cut their price target on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. 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 note on Monday, April 28th. Robert W. Baird increased their price target on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Baird R W downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.31.

Brunswick Stock Up 2.7%

BC stock traded up $1.50 during trading on Friday, reaching $56.50. The stock had a trading volume of 1,749,586 shares, compared to its average volume of 811,500. Brunswick Co. has a 1-year low of $41.00 and a 1-year high of $87.65. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $3.71 billion, a P/E ratio of 29.74 and a beta of 1.27. The firm has a fifty day moving average price of $48.39 and a 200 day moving average price of $60.01.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.31. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.14 billion. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period last year, the business earned $1.35 EPS. On average, equities analysts anticipate 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. Shareholders of record on Monday, May 19th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Monday, May 19th. Brunswick's dividend payout ratio is currently 142.15%.

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.