Victory Capital Management Inc. Grows Position in Brunswick Co. (NYSE:BC)

Victory Capital Management Inc. raised its holdings in Brunswick Co. (NYSE:BC - Free Report) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,144,308 shares of the company's stock after buying an additional 278,082 shares during the period. Victory Capital Management Inc. owned 1.64% of Brunswick worth $110,712,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Trust N.A. increased its holdings in Brunswick by 4.4% during the fourth quarter. Raymond James Trust N.A. now owns 2,863 shares of the company's stock worth $277,000 after buying an additional 120 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Brunswick by 4.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 3,645 shares of the company's stock valued at $288,000 after acquiring an additional 149 shares during the period. Wrapmanager Inc. lifted its holdings in Brunswick by 5.6% during the 3rd quarter. Wrapmanager Inc. now owns 2,806 shares of the company's stock valued at $222,000 after purchasing an additional 149 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Brunswick by 2.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,488 shares of the company's stock valued at $434,000 after purchasing an additional 155 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of 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 during the last quarter. 99.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Brunswick

In related news, VP Christopher F. Dekker sold 6,234 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the transaction, the vice president now owns 35,176 shares of the company's stock, valued at $2,973,427.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the transaction, the vice president now directly owns 35,176 shares of the company's stock, valued at $2,973,427.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John G. Buelow sold 2,426 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.12, for a total transaction of $211,353.12. Following the transaction, the executive vice president now directly owns 14,199 shares in the company, valued at approximately $1,237,016.88. The disclosure for this sale can be found here. Insiders sold a total of 53,053 shares of company stock worth $4,602,880 over the last three months. 0.81% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BC. DA Davidson reissued a "neutral" rating and issued a $77.00 target price on shares of Brunswick in a research report on Friday, March 15th. Morgan Stanley cut their price target on Brunswick from $91.00 to $86.00 and set an "equal weight" rating for the company in a research note on Friday, April 26th. Roth Mkm restated a "buy" rating and set a $94.00 price objective on shares of Brunswick in a research note on Thursday, April 25th. Raymond James downgraded Brunswick from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 4th. Finally, Stifel Nicolaus raised their price target on Brunswick from $88.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, January 17th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.83.

Brunswick Stock Performance

BC stock traded up $0.22 during midday trading on Friday, reaching $81.37. 523,769 shares of the company's stock traded hands, compared to its average volume of 741,072. Brunswick Co. has a 52 week low of $66.47 and a 52 week high of $99.68. The company has a 50-day moving average price of $88.50 and a two-hundred day moving average price of $84.98. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.75 and a current ratio of 1.68. The firm has a market capitalization of $5.60 billion, a PE ratio of 15.08 and a beta of 1.60.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.01). The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The company's quarterly revenue was down 21.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.57 earnings per share. As a group, equities analysts anticipate that Brunswick Co. will post 7.39 EPS for the current year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Monday, May 13th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Friday, May 10th. Brunswick's dividend payout ratio (DPR) is 31.23%.

Brunswick Company 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.