Y Intercept Hong Kong Ltd Makes New $2.29 Million Investment in Brunswick Corporation (NYSE:BC)

Y Intercept Hong Kong Ltd acquired a new stake in Brunswick Corporation (NYSE:BC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,430 shares of the company's stock, valued at approximately $2,285,000. Y Intercept Hong Kong Ltd owned approximately 0.06% of Brunswick as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BC. Massachusetts Financial Services Co. MA lifted its position in Brunswick by 17.7% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,439,526 shares of the company's stock worth $185,218,000 after buying an additional 516,970 shares during the period. Turtle Creek Asset Management Inc. lifted 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 buying an additional 488,412 shares during the period. Dimensional Fund Advisors LP lifted its position 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 buying an additional 10,951 shares during the period. JPMorgan Chase & Co. lifted its position 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 buying an additional 269,413 shares during the period. Finally, American Century Companies Inc. lifted its position 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 buying an additional 41,583 shares during the period. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Stock Up 1.9%

Shares of NYSE:BC traded up $1.16 during mid-day trading on Friday, hitting $60.55. 1,131,486 shares of the company traded hands, compared to its average volume of 904,333. The firm has a market cap of $3.98 billion, a P/E ratio of 97.65 and a beta of 1.27. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.65 and a current ratio of 1.68. Brunswick Corporation has a 52-week low of $41.00 and a 52-week high of $87.65. The firm's 50 day simple moving average is $56.37 and its 200 day simple moving average is $56.62.

Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.89 by $0.27. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.25 billion. Brunswick had a return on equity of 10.73% and a net margin of 0.82%. The company's revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $1.80 EPS. On average, equities analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Announces Dividend

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

Insider Activity at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total transaction of $122,319.24. Following the sale, the vice president directly owned 44,466 shares in the company, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Baird R W downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. BMO Capital Markets reduced their target price on Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group reduced their target price on Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Roth Capital lifted their price objective on Brunswick from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Truist Financial reduced their price objective on Brunswick from $85.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $69.46.

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.