LSV Asset Management Cuts Stock Position in Brunswick Co. (NYSE:BC)

LSV Asset Management lowered its holdings in shares of Brunswick Co. (NYSE:BC - Free Report) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 543,792 shares of the company's stock after selling 35,943 shares during the quarter. LSV Asset Management owned approximately 0.78% of Brunswick worth $52,612,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BC. Commonwealth Equity Services LLC raised its position in shares of Brunswick by 3.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 16,503 shares of the company's stock worth $1,304,000 after purchasing an additional 535 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Brunswick by 5.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,658 shares of the company's stock valued at $289,000 after acquiring an additional 205 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake 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 worth $434,000 after acquiring an additional 155 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Brunswick by 4.3% during the third quarter. Verdence Capital Advisors LLC now owns 3,645 shares of the company's stock worth $288,000 after purchasing an additional 149 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Brunswick by 19.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,071 shares of the company's stock valued at $1,112,000 after purchasing an additional 2,328 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Christopher F. Dekker sold 6,234 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $84.53, for a total value of $526,960.02. Following the sale, the vice president now owns 35,176 shares of the company's stock, valued at $2,973,427.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO David M. Foulkes sold 35,000 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the completion of the transaction, the chief executive officer now directly owns 272,626 shares of the company's stock, valued at approximately $23,748,450.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher F. Dekker sold 6,234 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the sale, the vice president now directly owns 35,176 shares in the company, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. Insiders have sold a total of 53,053 shares of company stock worth $4,602,880 in the last quarter. 0.81% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BC has been the subject of a number of research reports. BNP Paribas reaffirmed a "neutral" rating and set a $82.00 target price (down previously from $94.00) on shares of Brunswick in a report on Monday, April 15th. B. Riley upgraded Brunswick from a "neutral" rating to a "buy" rating and upped their price target for the company from $100.00 to $108.00 in a research report on Tuesday, February 20th. Roth Mkm reiterated a "buy" rating and set a $94.00 price objective on shares of Brunswick in a research report on Thursday, April 25th. Truist Financial dropped their target price on Brunswick from $115.00 to $105.00 and set a "buy" rating for the company in a report on Friday, February 2nd. Finally, Stifel Nicolaus lifted their price target on Brunswick from $88.00 to $97.00 and gave the stock a "buy" rating in a report on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Brunswick currently has an average rating of "Moderate Buy" and a consensus price target of $92.83.

Brunswick Trading Up 0.2 %

BC stock traded up $0.18 during mid-day trading on Friday, hitting $81.33. 523,769 shares of the company were exchanged, compared to its average volume of 733,194. Brunswick Co. has a 12-month low of $66.47 and a 12-month high of $99.68. The firm has a market capitalization of $5.60 billion, a P/E ratio of 15.12 and a beta of 1.60. The business has a fifty day simple moving average of $88.38 and a 200-day simple moving average of $85.17. The company has a quick ratio of 0.75, a current ratio of 1.68 and a debt-to-equity ratio of 1.16.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.36 by ($0.01). Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the firm posted $2.57 earnings per share. The company's quarterly revenue was down 21.7% compared to the same quarter last year. On average, equities research analysts predict that Brunswick Co. will post 7.39 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.68 annualized dividend and a yield of 2.07%. 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.