Universal Beteiligungs und Servicegesellschaft mbH Purchases New Shares in Brunswick Corporation (NYSE:BC)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Brunswick Corporation (NYSE:BC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,572 shares of the company's stock, valued at approximately $1,754,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Brunswick during the first quarter valued at approximately $2,285,000. Gries Financial LLC lifted its stake in shares of Brunswick by 4.8% during the 1st quarter. Gries Financial LLC now owns 13,169 shares of the company's stock worth $709,000 after acquiring an additional 599 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Brunswick by 125.2% during the 1st quarter. Allianz Asset Management GmbH now owns 10,047 shares of the company's stock valued at $541,000 after acquiring an additional 5,585 shares during the period. Peterson Wealth Services grew its position in Brunswick by 2.5% in the 1st quarter. Peterson Wealth Services now owns 13,599 shares of the company's stock valued at $732,000 after acquiring an additional 331 shares during the last quarter. Finally, Markel Group Inc. increased its stake in Brunswick by 96.7% in the first quarter. Markel Group Inc. now owns 29,500 shares of the company's stock worth $1,589,000 after purchasing an additional 14,500 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Trading Down 1.5%

BC opened at $58.29 on Friday. The company has a current ratio of 1.68, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 94.02 and a beta of 1.27. Brunswick Corporation has a 12 month low of $41.00 and a 12 month high of $87.65. The stock has a fifty day moving average price of $57.00 and a 200-day moving average price of $56.49.

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

Brunswick Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.72 dividend on an annualized basis and a yield of 3.0%. Brunswick's dividend payout ratio is presently 277.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BC. Truist Financial lowered their target price on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird upped their target price 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. Roth Capital raised their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Baird R W lowered Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, DA Davidson raised their price objective on Brunswick from $43.00 to $59.00 and gave the stock a "neutral" rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $68.25.

Insider Buying and Selling

In other Brunswick news, VP Christopher F. Dekker sold 2,092 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.