Brunswick Co. (NYSE:BC) Position Lessened by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lowered its position in Brunswick Co. (NYSE:BC) by 53.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,096 shares of the company’s stock after selling 4,685 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Brunswick were worth $265,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. bought a new stake in shares of Brunswick in the 4th quarter valued at approximately $39,000. Financial Perspectives Inc acquired a new stake in Brunswick in the fourth quarter valued at approximately $42,000. KBC Group NV grew its position in Brunswick by 42.8% in the fourth quarter. KBC Group NV now owns 2,892 shares of the company’s stock worth $187,000 after acquiring an additional 867 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Brunswick during the 4th quarter worth $203,000. Finally, Verdence Capital Advisors LLC acquired a new position in shares of Brunswick during the 4th quarter worth $273,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now directly owns 25,361 shares in the company, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares of the company’s stock, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BC has been the subject of a number of recent research reports. Citigroup decreased their price objective on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. B. Riley raised Brunswick to a “hold” rating in a report on Wednesday, February 12th. Robert W. Baird set a $90.00 price objective on Brunswick in a research note on Friday, January 31st. Stifel Nicolaus decreased their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, Truist Financial dropped 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $81.62.

Brunswick Price Performance

NYSE:BC opened at $53.40 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. Brunswick Co. has a one year low of $52.99 and a one year high of $96.51. The company has a fifty day moving average price of $62.35 and a 200 day moving average price of $71.83. The stock has a market cap of $3.52 billion, a P/E ratio of 28.11 and a beta of 1.54.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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 earned $1.45 earnings per share. Analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.43 per share. The ex-dividend date was Monday, February 24th. This is a boost from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.22%. Brunswick’s payout ratio is currently 90.53%.

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.