Nebula Research & Development LLC Grows Stake in Brunswick Co. (NYSE:BC)

Nebula Research & Development LLC boosted its position in Brunswick Co. (NYSE:BC - Free Report) by 300.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,439 shares of the company's stock after acquiring an additional 25,847 shares during the period. Nebula Research & Development LLC owned 0.05% of Brunswick worth $2,228,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Brunswick by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,084,038 shares of the company's stock valued at $134,796,000 after purchasing an additional 10,951 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Brunswick by 18.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock valued at $113,655,000 after purchasing an additional 269,413 shares in the last quarter. American Century Companies Inc. increased its position in shares of Brunswick by 2.9% during the fourth quarter. American Century Companies Inc. now owns 1,462,558 shares of the company's stock valued at $94,599,000 after acquiring an additional 41,583 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Brunswick by 4.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,338,619 shares of the company's stock valued at $86,582,000 after acquiring an additional 59,228 shares during the last quarter. Finally, FIL Ltd increased its position in shares of Brunswick by 323.9% during the fourth quarter. FIL Ltd now owns 1,114,324 shares of the company's stock valued at $72,074,000 after acquiring an additional 851,449 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Brunswick Trading Down 2.9 %

NYSE:BC traded down $1.35 during trading hours on Wednesday, hitting $45.01. The company had a trading volume of 256,831 shares, compared to its average volume of 977,685. The stock has a 50-day moving average price of $52.54 and a 200 day moving average price of $66.04. The company has a market capitalization of $2.97 billion, a PE ratio of 23.69 and a beta of 1.42. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. Brunswick Co. has a 52 week low of $41.00 and a 52 week high of $87.65.

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 analysts' consensus estimates of $0.25 by $0.31. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the prior year, the company earned $1.35 earnings per share. The business's revenue was down 10.5% compared to the same quarter last year. On average, equities research analysts predict that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.82%. This is an increase from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, February 24th. Brunswick's dividend payout ratio (DPR) is presently 142.15%.

Insider Activity

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the sale, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Randall S. Altman sold 3,417 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Benchmark assumed coverage on Brunswick in a research report on Monday. They set a "buy" rating and a $70.00 price target for the company. Truist Financial lowered 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. Jefferies Financial Group dropped their price objective 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. BMO Capital Markets dropped their price objective on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, B. Riley raised shares of Brunswick to a "hold" rating in a report on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $71.00.

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.