Janney Montgomery Scott LLC Trims Holdings in Brunswick Co. (NYSE:BC)

Janney Montgomery Scott LLC reduced its holdings in shares of Brunswick Co. (NYSE:BC) by 67.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,291 shares of the company’s stock after selling 6,819 shares during the period. Janney Montgomery Scott LLC’s holdings in Brunswick were worth $213,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Brunswick by 0.5% during the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after purchasing an additional 145 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after buying an additional 174 shares in the last quarter. CWM LLC raised its stake in Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after buying an additional 235 shares during the last quarter. US Bancorp DE boosted its holdings in Brunswick by 3.0% in the third quarter. US Bancorp DE now owns 8,214 shares of the company’s stock worth $689,000 after acquiring an additional 241 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Brunswick by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 7,691 shares of the company’s stock worth $644,000 after acquiring an additional 260 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Truist Financial lowered their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus decreased their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Benchmark cut their price target on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, January 31st. DA Davidson decreased their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Finally, Morgan Stanley increased their target price on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.85.

Brunswick Stock Down 2.6 %

Brunswick stock opened at $64.15 on Thursday. The stock has a market cap of $4.23 billion, a PE ratio of 33.76 and a beta of 1.54. 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 stock has a fifty day moving average of $67.98 and a 200 day moving average of $75.84. Brunswick Co. has a one year low of $62.64 and a one year high of $96.65.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS 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 earnings per share. As a group, sell-side analysts predict that Brunswick Co. will post 4.2 EPS for the current year.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the sale, the director now owns 25,361 shares in the company, valued at $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.81% of the company’s stock.

About Brunswick

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.