Ameritas Investment Partners Inc. Grows Holdings in Brunswick Co. (NYSE:BC)

Ameritas Investment Partners Inc. grew its stake in shares of Brunswick Co. (NYSE:BC) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,171 shares of the company’s stock after buying an additional 3,577 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Brunswick were worth $2,196,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BC. Principal Securities Inc. bought a new position in Brunswick in the fourth quarter valued at $28,000. Johnson Financial Group Inc. purchased a new position in shares of Brunswick in the 4th quarter worth about $30,000. Rise Advisors LLC increased its position in shares of Brunswick by 249.5% during the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 232 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Brunswick by 43,700.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after buying an additional 437 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its position in Brunswick by 77.1% in the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock worth $58,000 after buying an additional 262 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Brunswick news, Director Nancy E. Cooper sold 358 shares of Brunswick stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $81.34, for a total transaction of $29,119.72. Following the sale, the director now directly owns 23,877 shares of the company’s stock, valued at approximately $1,942,155.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Truist Financial reduced their price target on shares of Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Stifel Nicolaus reduced their target price on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Benchmark reissued a “buy” rating and issued a $100.00 price target on shares of Brunswick in a research note on Friday, July 26th. Roth Mkm reaffirmed a “buy” rating and set a $94.00 price objective on shares of Brunswick in a research note on Thursday, July 25th. Finally, Citigroup lowered their target price on Brunswick from $100.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.23.

Brunswick Trading Down 1.8 %

BC opened at $82.94 on Friday. 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 1.18, a current ratio of 1.70 and a quick ratio of 0.75. The business has a 50 day simple moving average of $78.15 and a two-hundred day simple moving average of $80.82. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 15.42 and a beta of 1.51.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The business’s revenue was down 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.35 EPS. Analysts predict that Brunswick Co. will post 5.26 EPS for the current year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 21st were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Wednesday, August 21st. Brunswick’s dividend payout ratio is currently 31.23%.

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.