Brunswick Co. (NYSE:BC) Shares Bought by XTX Topco Ltd

XTX Topco Ltd increased its position in Brunswick Co. (NYSE:BC) by 403.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,941 shares of the company’s stock after buying an additional 9,569 shares during the period. XTX Topco Ltd’s holdings in Brunswick were worth $869,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Inspire Advisors LLC lifted its position in Brunswick by 7.9% during the first quarter. Inspire Advisors LLC now owns 2,268 shares of the company’s stock worth $219,000 after buying an additional 166 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Brunswick by 7.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,905 shares of the company’s stock worth $280,000 after acquiring an additional 197 shares during the period. Comerica Bank boosted its position in shares of Brunswick by 0.6% in the first quarter. Comerica Bank now owns 35,548 shares of the company’s stock worth $3,431,000 after acquiring an additional 205 shares during the last quarter. Rise Advisors LLC grew its holdings in Brunswick by 249.5% in the first 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 period. Finally, J.Safra Asset Management Corp increased its position in Brunswick by 77.1% during the first quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock worth $58,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BC. Robert W. Baird lowered their price objective on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. B. Riley dropped 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, July 10th. Roth Mkm restated a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a report on Thursday, July 25th. Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Monday, July 29th. Finally, Citigroup cut their price target on shares of Brunswick from $100.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $88.23.

Insider Activity at Brunswick

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

Brunswick Trading Down 1.8 %

NYSE BC opened at $82.94 on Friday. The stock has a market cap of $5.60 billion, a P/E ratio of 15.42 and a beta of 1.51. The company’s fifty day simple moving average is $78.15 and its 200-day simple moving average is $80.82. The company has a current ratio of 1.70, a quick ratio of 0.75 and a debt-to-equity ratio of 1.18. Brunswick Co. has a 52 week low of $66.47 and a 52 week high of $99.68.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.55 billion. Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The business’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.35 EPS. Equities research analysts predict that Brunswick Co. will post 5.26 EPS for the current fiscal 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 paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.03%. Brunswick’s dividend payout ratio (DPR) is presently 31.23%.

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.