Valley National Advisers Inc. Purchases 358 Shares of Brunswick Co. (NYSE:BC)

Valley National Advisers Inc. boosted its position in Brunswick Co. (NYSE:BC) by 47.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,120 shares of the company’s stock after acquiring an additional 358 shares during the period. Valley National Advisers Inc.’s holdings in Brunswick were worth $108,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. American Century Companies Inc. raised its stake in shares of Brunswick by 0.5% during the 3rd quarter. American Century Companies Inc. now owns 1,972,076 shares of the company’s stock valued at $155,794,000 after purchasing an additional 9,465 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Brunswick by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock worth $185,483,000 after buying an additional 47,053 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Brunswick by 32.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,144,308 shares of the company’s stock valued at $110,712,000 after acquiring an additional 278,082 shares during the period. Jennison Associates LLC grew its stake in Brunswick by 71.0% during the fourth quarter. Jennison Associates LLC now owns 806,396 shares of the company’s stock valued at $78,019,000 after acquiring an additional 334,851 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Brunswick by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 683,813 shares of the company’s stock worth $66,159,000 after acquiring an additional 6,239 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Price Performance

Shares of BC stock traded down $0.13 during trading hours on Wednesday, hitting $69.65. 519,199 shares of the company’s stock were exchanged, compared to its average volume of 725,386. Brunswick Co. has a 12-month low of $66.47 and a 12-month high of $99.68. The company has a market capitalization of $4.71 billion, a PE ratio of 12.95 and a beta of 1.52. The business’s 50 day simple moving average is $78.12 and its 200-day simple moving average is $85.32. 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) last issued its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the business earned $2.57 EPS. Brunswick’s revenue for the quarter was down 21.7% compared to the same quarter last year. On average, equities research analysts anticipate that Brunswick Co. will post 7.39 earnings per share for the current year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.68 annualized dividend and a yield of 2.41%. Brunswick’s payout ratio is 31.23%.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the sale, the director now directly owns 23,211 shares in the company, valued at approximately $1,864,771.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total transaction of $28,681.38. Following the transaction, the director now owns 23,211 shares in the company, valued at approximately $1,864,771.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $82.09, for a total value of $100,560.25. Following the transaction, the vice president now directly 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 own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BC shares. DA Davidson restated a “neutral” rating and set a $77.00 price target on shares of Brunswick in a research report on Friday, March 15th. Morgan Stanley reduced 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, April 26th. Roth Mkm reaffirmed a “buy” rating and issued a $94.00 price target on shares of Brunswick in a report on Thursday, April 25th. Benchmark began coverage on Brunswick in a report on Wednesday, May 22nd. They set a “buy” rating and a $100.00 price objective for the company. Finally, BNP Paribas reaffirmed a “neutral” rating and issued a $82.00 target price (down from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

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.