Brunswick Co. (NYSE:BC) Shares Sold by LSV Asset Management

LSV Asset Management reduced its position in Brunswick Co. (NYSE:BC) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 506,192 shares of the company’s stock after selling 37,600 shares during the quarter. LSV Asset Management owned about 0.74% of Brunswick worth $48,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Brunswick by 0.5% in the third quarter. American Century Companies Inc. now owns 1,972,076 shares of the company’s stock worth $155,794,000 after acquiring an additional 9,465 shares in the last quarter. Citigroup Inc. raised its position in Brunswick by 8.3% in the third quarter. Citigroup Inc. now owns 9,723 shares of the company’s stock valued at $768,000 after purchasing an additional 742 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Brunswick by 10.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 156,596 shares of the company’s stock worth $12,371,000 after purchasing an additional 15,042 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Brunswick by 4.4% in the fourth quarter. Raymond James Trust N.A. now owns 2,863 shares of the company’s stock worth $277,000 after buying an additional 120 shares during the period. Finally, Whittier Trust Co. grew its stake in shares of Brunswick by 61,277.5% in the fourth quarter. Whittier Trust Co. now owns 49,102 shares of the company’s stock valued at $4,751,000 after buying an additional 49,022 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Performance

Shares of Brunswick stock traded up $1.27 during trading on Friday, reaching $77.35. The company’s stock had a trading volume of 1,057,078 shares, compared to its average volume of 735,544. Brunswick Co. has a one year low of $66.47 and a one year high of $99.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.75 and a current ratio of 1.68. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 14.60 and a beta of 1.52. The business’s fifty day moving average price is $76.95 and its 200-day moving average price is $84.36.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.35 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 business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the firm earned $2.57 earnings per share. The business’s quarterly revenue was down 21.7% on a year-over-year basis. As a group, equities research analysts predict that Brunswick Co. will post 7.26 earnings per share for the current year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Friday, May 10th. Brunswick’s dividend payout ratio (DPR) is presently 31.23%.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 357 shares of Brunswick 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 sale, the director now owns 23,211 shares in the company, valued at $1,864,771.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Brunswick news, VP Brenna Preisser sold 1,225 shares of Brunswick stock in a transaction 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 directly owns 58,076 shares of the company’s stock, valued at $4,767,458.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nancy E. Cooper sold 357 shares of the business’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 owns 23,211 shares in the company, valued at approximately $1,864,771.74. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson reiterated a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a report on Friday, March 15th. Morgan Stanley dropped their target price on shares of 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 restated a “buy” rating and issued a $94.00 target price on shares of Brunswick in a research note on Thursday, April 25th. B. Riley decreased their price target on Brunswick from $108.00 to $97.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Benchmark started coverage on Brunswick in a research note on Wednesday, May 22nd. They set a “buy” rating and a $100.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Brunswick currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.31.

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.