Handelsbanken Fonder AB Cuts Stock Holdings in Brunswick Co. (NYSE:BC)

Handelsbanken Fonder AB decreased its position in Brunswick Co. (NYSE:BC - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 311,200 shares of the company's stock after selling 29,500 shares during the quarter. Handelsbanken Fonder AB owned 0.45% of Brunswick worth $30,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new stake in Brunswick during the 3rd quarter worth approximately $25,000. Fifth Third Bancorp lifted its position in Brunswick by 17.9% during the 3rd quarter. Fifth Third Bancorp now owns 1,042 shares of the company's stock worth $82,000 after buying an additional 158 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in Brunswick by 40.6% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,101 shares of the company's stock worth $87,000 after acquiring an additional 318 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in Brunswick in the 3rd quarter valued at about $163,000. Finally, Trust Point Inc. bought a new position in shares of Brunswick in the fourth quarter worth about $212,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Brunswick

In other news, VP Christopher F. Dekker sold 6,234 shares of the firm's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the sale, the vice president now owns 35,176 shares in the company, valued at approximately $2,973,427.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Brunswick news, EVP John G. Buelow sold 2,426 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the transaction, the executive vice president now owns 14,199 shares in the company, valued at approximately $1,237,016.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher F. Dekker sold 6,234 shares of the business's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the sale, the vice president now directly owns 35,176 shares of the company's stock, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. Insiders sold 52,696 shares of company stock valued at $4,574,199 in the last quarter. 0.81% of the stock is currently owned by insiders.

Brunswick Stock Up 1.2 %

BC stock traded up $0.97 during mid-day trading on Monday, reaching $84.91. The company had a trading volume of 713,043 shares, compared to its average volume of 740,328. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 14.27 and a beta of 1.56. Brunswick Co. has a 52 week low of $66.47 and a 52 week high of $99.68. The stock has a 50 day simple moving average of $89.28 and a two-hundred day simple moving average of $84.70. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 0.59.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing analysts' consensus estimates of $1.66 by ($0.21). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.99 earnings per share. Brunswick's quarterly revenue was down 14.0% on a year-over-year basis. As a group, equities analysts predict that Brunswick Co. will post 7.5 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, February 23rd. This is a positive change from Brunswick's previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.98%. Brunswick's payout ratio is presently 28.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Stifel Nicolaus lifted their target price on Brunswick from $88.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, January 17th. Roth Mkm lifted their target price on shares of Brunswick from $85.00 to $94.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. DA Davidson reissued a "neutral" rating and issued a $77.00 target price on shares of Brunswick in a research note on Friday, March 15th. Raymond James downgraded shares of Brunswick from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 4th. Finally, Truist Financial decreased their price objective on shares of Brunswick from $115.00 to $105.00 and set a "buy" rating for the company in a report on Friday, February 2nd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.08.

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.