Rhumbline Advisers Increases Position in Brunswick Co. (NYSE:BC)

Rhumbline Advisers raised its position in Brunswick Co. (NYSE:BC) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 204,792 shares of the company’s stock after purchasing an additional 456 shares during the period. Rhumbline Advisers owned 0.31% of Brunswick worth $13,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. CWM LLC grew its position in shares of Brunswick by 21.6% in the 3rd 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. Creative Planning acquired a new stake in Brunswick during the 3rd quarter worth $295,000. Tectonic Advisors LLC boosted its stake in Brunswick by 3.4% during the 3rd quarter. Tectonic Advisors LLC now owns 14,933 shares of the company’s stock worth $1,252,000 after purchasing an additional 488 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Brunswick by 3.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock worth $390,000 after purchasing an additional 174 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Brunswick by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,691 shares of the company’s stock worth $644,000 after purchasing an additional 260 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Stock Performance

Shares of BC opened at $62.81 on Friday. The company has a 50-day simple moving average of $66.37 and a 200-day simple moving average of $75.14. 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 market capitalization of $4.14 billion, a PE ratio of 33.06 and a beta of 1.54. Brunswick Co. has a 52-week low of $62.33 and a 52-week high of $96.65.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (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 period in the prior year, the firm posted $1.45 earnings per share. Equities research analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 2.74%. This is a boost from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s payout ratio is presently 88.42%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BC. Truist Financial decreased their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Robert W. Baird set a $90.00 price target on shares of Brunswick in a research note on Friday, January 31st. Benchmark decreased their price target on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 31st. B. Riley upgraded shares of Brunswick to a “hold” rating in a research note on Wednesday, February 12th. Finally, Roth Mkm reduced their target price on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.62.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the transaction, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.81% of the stock is currently owned by company insiders.

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.