UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $68.85 Million Holdings in Brunswick Co. (NYSE:BC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in Brunswick Co. (NYSE:BC - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,064,525 shares of the company's stock after selling 190,181 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.61% of Brunswick worth $68,853,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BC. Financial Perspectives Inc bought a new position in Brunswick during the fourth quarter worth $42,000. Quarry LP bought a new position in shares of Brunswick during the 4th quarter worth about $45,000. KBC Group NV raised its position in shares of Brunswick by 42.8% during the fourth quarter. KBC Group NV now owns 2,892 shares of the company's stock valued at $187,000 after buying an additional 867 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Brunswick in the fourth quarter valued at about $203,000. Finally, Tower Research Capital LLC TRC lifted its stake 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 valued at $213,000 after buying an additional 1,809 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BMO Capital Markets cut their price target on Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Truist Financial reduced their target price on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group lowered their price target on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Morgan Stanley raised their price objective on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, Baird R W cut 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 assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.31.

Brunswick Price Performance

Brunswick stock traded down $0.89 on Friday, reaching $50.56. The company's stock had a trading volume of 162,826 shares, compared to its average volume of 793,473. The business's fifty day moving average price is $48.59 and its 200 day moving average price is $61.26. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 26.71 and a beta of 1.28. Brunswick Co. has a twelve month low of $41.00 and a twelve month high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.31. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.14 billion. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 EPS. Equities analysts expect that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.40%. The ex-dividend date is Monday, May 19th. Brunswick's dividend payout ratio (DPR) is presently 142.15%.

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.