Silvercrest Asset Management Group LLC Decreases Holdings in Brunswick Co. (NYSE:BC)

Silvercrest Asset Management Group LLC trimmed its position in Brunswick Co. (NYSE:BC - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 609,072 shares of the company's stock after selling 12,791 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 0.92% of Brunswick worth $39,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BC. Barclays PLC boosted its holdings in shares of Brunswick by 78.6% during the third quarter. Barclays PLC now owns 118,189 shares of the company's stock worth $9,907,000 after purchasing an additional 52,024 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Brunswick by 5.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the company's stock worth $316,000 after buying an additional 236 shares during the period. Oak Thistle LLC acquired a new stake in shares of Brunswick during the fourth quarter worth approximately $368,000. Armstrong Advisory Group Inc. bought a new position in shares of Brunswick in the fourth quarter valued at about $39,000. Finally, Perpetual Ltd bought a new position in shares of Brunswick in the fourth quarter worth about $323,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of the company's stock in a transaction 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 completion of the sale, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. This represents a 11.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BC has been the subject of several recent research reports. Truist Financial dropped their price objective on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Roth Mkm dropped their price objective on Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Morgan Stanley increased their target price on Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Benchmark assumed coverage on Brunswick in a research report on Monday, April 28th. They set a "buy" rating and a $70.00 price objective on the stock. Finally, B. Riley raised Brunswick to a "hold" rating in a research note on Wednesday, February 12th. Seven equities research 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 currently has a consensus rating of "Moderate Buy" and an average target price of $71.31.

Brunswick Stock Down 0.3%

Shares of NYSE BC traded down $0.14 during trading on Tuesday, hitting $52.80. 933,066 shares of the company traded hands, compared to its average volume of 788,321. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 27.79 and a beta of 1.28. The business's fifty day moving average is $49.61 and its 200 day moving average is $62.76. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. Brunswick Co. has a fifty-two week low of $41.00 and a fifty-two week high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.31. The company had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.14 billion. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The business's revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 EPS. Equities research analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Monday, May 19th. Brunswick's payout ratio is 142.15%.

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.