Stadium Capital Management LLC Raises Holdings in Brunswick Co. (NYSE:BC)

Stadium Capital Management LLC raised its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 31.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 258,323 shares of the company's stock after acquiring an additional 62,072 shares during the period. Brunswick makes up approximately 14.2% of Stadium Capital Management LLC's investment portfolio, making the stock its 3rd largest position. Stadium Capital Management LLC owned about 0.39% of Brunswick worth $16,708,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BC. Armstrong Advisory Group Inc. bought a new stake in shares of Brunswick during the fourth quarter worth approximately $39,000. Financial Perspectives Inc acquired a new stake in shares of Brunswick in the fourth quarter valued at approximately $42,000. Quarry LP acquired a new stake in shares of Brunswick in the fourth quarter valued at approximately $45,000. KBC Group NV raised its position in shares of Brunswick by 42.8% in the fourth quarter. KBC Group NV now owns 2,892 shares of the company's stock valued at $187,000 after buying an additional 867 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of Brunswick in the fourth quarter valued at approximately $203,000. Institutional investors own 99.34% of the company's stock.

Brunswick Price Performance

Shares of NYSE BC traded down $0.22 during midday trading on Monday, reaching $52.99. 845,198 shares of the company were exchanged, compared to its average volume of 786,525. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. Brunswick Co. has a one year low of $41.00 and a one year high of $87.65. The stock has a market cap of $3.48 billion, a P/E ratio of 27.89 and a beta of 1.28. The stock's 50-day moving average price is $49.61 and its 200-day moving average price is $62.76.

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

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.72 annualized dividend and a dividend yield of 3.25%. Brunswick's dividend payout ratio is 142.15%.

Wall Street Analysts Forecast Growth

BC has been the subject of a number of analyst reports. Roth Mkm dropped their price target on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Jefferies Financial Group lowered their price objective on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Citigroup lowered their price objective on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Robert W. Baird boosted their price objective on shares of Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Truist Financial lowered their price objective on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $71.31.

Insider Buying and Selling

In other Brunswick 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 transaction of $215,988.57. Following the sale, the senior vice president now owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. This represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is currently owned by insiders.

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.