Yousif Capital Management LLC Has $1.60 Million Stock Holdings in Brunswick Co. (NYSE:BC)

Yousif Capital Management LLC reduced its stake in shares of Brunswick Co. (NYSE:BC) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,733 shares of the company’s stock after selling 897 shares during the period. Yousif Capital Management LLC’s holdings in Brunswick were worth $1,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BC. Nisa Investment Advisors LLC grew its position in Brunswick by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock worth $2,241,000 after acquiring an additional 145 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Brunswick by 3.9% during the third 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. Pacer Advisors Inc. lifted its position in shares of Brunswick by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock worth $638,000 after buying an additional 190 shares during the last quarter. CWM LLC increased its holdings in shares of Brunswick by 21.6% during the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after acquiring an additional 235 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Brunswick by 3.0% in the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company’s stock worth $689,000 after purchasing an additional 241 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Trading Down 2.6 %

Shares of Brunswick stock opened at $64.15 on Thursday. The stock has a market capitalization of $4.23 billion, a P/E ratio of 33.76 and a beta of 1.54. Brunswick Co. has a 12-month low of $62.64 and a 12-month high of $96.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The company has a 50-day simple moving average of $67.98 and a 200 day simple moving average of $75.84.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the previous year, the firm earned $1.45 EPS. Research analysts expect that Brunswick Co. will post 4.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the firm’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 transaction, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BC. Benchmark lowered their target price on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Citigroup decreased their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and cut their price target for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th. Truist Financial lowered their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Finally, Roth Mkm reduced their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and an average price target of $81.85.

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.