10,111 Shares in Brunswick Co. (NYSE:BC) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in Brunswick Co. (NYSE:BC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,111 shares of the company's stock, valued at approximately $978,000.

Several other large investors have also modified their holdings of the business. FMR LLC raised its holdings in shares of Brunswick by 140.4% in the 3rd quarter. FMR LLC now owns 3,435,357 shares of the company's stock valued at $271,393,000 after purchasing an additional 2,006,578 shares in the last quarter. American Century Companies Inc. grew its position in shares of Brunswick by 0.5% in the 3rd quarter. American Century Companies Inc. now owns 1,972,076 shares of the company's stock worth $155,794,000 after buying an additional 9,465 shares during the last quarter. Van Berkom & Associates Inc. grew its position in shares of Brunswick by 25.7% in the 3rd quarter. Van Berkom & Associates Inc. now owns 899,980 shares of the company's stock worth $71,098,000 after buying an additional 184,088 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Brunswick by 127.6% in the 3rd quarter. Victory Capital Management Inc. now owns 866,226 shares of the company's stock worth $68,432,000 after buying an additional 485,588 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Brunswick by 1.7% in the 3rd quarter. Federated Hermes Inc. now owns 821,471 shares of the company's stock worth $64,896,000 after buying an additional 13,344 shares during the last quarter. Institutional investors own 99.34% of the company's stock.

Analysts Set New Price Targets

BC has been the topic of a number of analyst reports. Roth Mkm reaffirmed a "buy" rating and issued a $94.00 price objective on shares of Brunswick in a research report on Thursday, April 25th. B. Riley raised shares of Brunswick from a "neutral" rating to a "buy" rating and increased their price target for the stock from $100.00 to $108.00 in a report on Tuesday, February 20th. BNP Paribas reissued a "neutral" rating and set a $82.00 price target (down from $94.00) on shares of Brunswick in a report on Monday, April 15th. Morgan Stanley decreased their price objective on shares of Brunswick from $91.00 to $86.00 and set an "equal weight" rating on the stock in a report on Friday, April 26th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $77.00 price objective on shares of Brunswick in a report on Friday, March 15th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $92.83.

Brunswick Trading Up 0.1 %

Brunswick stock traded up $0.08 during midday trading on Friday, hitting $81.44. 433,498 shares of the stock were exchanged, compared to its average volume of 722,799. Brunswick Co. has a fifty-two week low of $66.47 and a fifty-two week high of $99.68. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 15.14 and a beta of 1.60. The stock's 50-day simple moving average is $87.46 and its 200 day simple moving average is $85.75. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16.

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

Brunswick Dividend Announcement

The company 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 dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, May 10th. Brunswick's payout ratio is currently 31.23%.

Insider Buying and Selling at Brunswick

In other Brunswick news, VP Brenna Preisser sold 1,225 shares of Brunswick stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $82.09, for a total transaction of $100,560.25. Following the completion of the sale, the vice president now directly owns 58,076 shares in the company, valued at $4,767,458.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO David M. Foulkes sold 35,000 shares of Brunswick stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $87.11, for a total value of $3,048,850.00. Following the completion of the transaction, the chief executive officer now owns 272,626 shares in the company, valued at $23,748,450.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Brenna Preisser sold 1,225 shares of Brunswick stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total transaction of $100,560.25. Following the completion of the transaction, the vice president now owns 58,076 shares of the company's stock, valued at approximately $4,767,458.84. The disclosure for this sale can be found here. Insiders sold a total of 36,582 shares of company stock worth $3,178,092 over the last three months. Insiders own 0.81% of the company's stock.

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.