Thompson Siegel & Walmsley LLC Takes Position in Brunswick Co. (NYSE:BC)

Thompson Siegel & Walmsley LLC bought a new position in Brunswick Co. (NYSE:BC) during the 4th quarter, Holdings Channel reports. The fund bought 9,000 shares of the company’s stock, valued at approximately $582,000.

Several other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in Brunswick by 17.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock worth $259,010,000 after acquiring an additional 452,116 shares during the period. JPMorgan Chase & Co. raised its holdings in Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after acquiring an additional 102,780 shares during the period. Principal Financial Group Inc. raised its holdings in Brunswick by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock worth $90,171,000 after acquiring an additional 28,781 shares during the period. Channing Capital Management LLC raised its holdings in Brunswick by 10.9% in the 4th quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company’s stock worth $66,305,000 after acquiring an additional 100,412 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Brunswick by 16.7% in the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock worth $49,578,000 after acquiring an additional 109,728 shares during the period. Institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of Brunswick stock opened at $57.66 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The firm’s 50-day simple moving average is $64.33 and its 200-day simple moving average is $73.51. Brunswick Co. has a twelve month low of $54.97 and a twelve month high of $96.65. The firm has a market cap of $3.80 billion, a P/E ratio of 30.35 and a beta of 1.54.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter last year, the company posted $1.45 EPS. As a group, research analysts expect that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.43 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 2.98%. Brunswick’s payout ratio is 90.53%.

Analyst Upgrades and Downgrades

BC has been the topic of several recent analyst reports. DA Davidson dropped their target price on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Morgan Stanley raised their price target on shares of Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Citigroup decreased their price target on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Roth Mkm decreased their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Truist Financial decreased their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.62.

Insider Buying and Selling at Brunswick

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the transaction, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

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.