Brunswick Co. (NYSE:BC) Shares Sold by Skylands Capital LLC

Skylands Capital LLC lessened its position in Brunswick Co. (NYSE:BC) by 33.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,325 shares of the company’s stock after selling 4,700 shares during the period. Skylands Capital LLC’s holdings in Brunswick were worth $902,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Retirement Systems of Alabama increased its stake in shares of Brunswick by 30.7% in the fourth quarter. Retirement Systems of Alabama now owns 178,984 shares of the company’s stock valued at $17,317,000 after purchasing an additional 42,089 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in Brunswick by 14,566.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 440 shares of the company’s stock worth $43,000 after buying an additional 437 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Brunswick in the 4th quarter valued at approximately $52,000. Foster & Motley Inc. bought a new stake in Brunswick during the 4th quarter valued at $727,000. Finally, Jennison Associates LLC boosted its position in Brunswick by 71.0% during the 4th quarter. Jennison Associates LLC now owns 806,396 shares of the company’s stock worth $78,019,000 after acquiring an additional 334,851 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BC. BNP Paribas reiterated a “neutral” rating and issued a $82.00 target price (down previously from $94.00) on shares of Brunswick in a research report on Monday, April 15th. B. Riley upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $108.00 in a research note on Tuesday, February 20th. Morgan Stanley cut their target price on Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a research report on Friday. Stifel Nicolaus lifted their price target on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Finally, Truist Financial dropped their price objective on Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Brunswick currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.83.

Brunswick Trading Down 0.8 %

Shares of NYSE BC opened at $81.49 on Tuesday. 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 Co. has a 12 month low of $66.47 and a 12 month high of $99.68. The company has a market cap of $5.61 billion, a price-to-earnings ratio of 15.26 and a beta of 1.56. The business has a fifty day simple moving average of $88.94 and a 200-day simple moving average of $84.99.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). The firm had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. Brunswick’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.57 earnings per share. Sell-side analysts predict that Brunswick Co. will post 7.43 EPS for the current year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.06%. This is a boost from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, February 23rd. Brunswick’s payout ratio is presently 31.23%.

Insider Buying and Selling at Brunswick

In other news, VP Christopher F. Dekker sold 6,234 shares of the firm’s 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 completion of 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 legal filing with the SEC, which is accessible through this link. In other news, VP Christopher F. Dekker sold 6,234 shares of the 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 completion of the sale, 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 through the SEC website. Also, EVP John G. Buelow sold 2,426 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the sale, the executive vice president now owns 14,199 shares of the company’s stock, valued at $1,237,016.88. The disclosure for this sale can be found here. Insiders have sold a total of 52,696 shares of company stock valued at $4,574,199 in the last three months. 0.81% of the stock is currently owned by company insiders.

About Brunswick

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.