Brunswick Co. (NYSE:BC) Stock Position Decreased by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its position in Brunswick Co. (NYSE:BC) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,264 shares of the company’s stock after selling 1,544 shares during the quarter. Sanctuary Advisors LLC’s holdings in Brunswick were worth $778,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new stake in Brunswick in the fourth quarter valued at approximately $39,000. Avior Wealth Management LLC lifted its holdings in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after purchasing an additional 612 shares during the last quarter. Covestor Ltd lifted its holdings in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after purchasing an additional 843 shares during the last quarter. KBC Group NV boosted its position in Brunswick by 21.7% during the third quarter. KBC Group NV now owns 2,025 shares of the company’s stock worth $170,000 after purchasing an additional 361 shares during the period. Finally, Fernwood Investment Management LLC acquired a new position in Brunswick during the third quarter valued at approximately $218,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BC. Citigroup decreased their price objective on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. B. Riley upgraded shares of Brunswick to a “hold” rating in a report on Wednesday, February 12th. Benchmark dropped their price objective on Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Robert W. Baird set a $90.00 target price on Brunswick in a research note on Friday, January 31st. Finally, Morgan Stanley raised their target price on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.62.

Insider Transactions at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the director now directly owns 25,361 shares of the company’s stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Brunswick Stock Down 3.6 %

Shares of BC stock opened at $60.20 on Friday. The stock has a market cap of $3.96 billion, a P/E ratio of 31.68 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The stock has a fifty day moving average price of $65.78 and a 200 day moving average price of $74.79. Brunswick Co. has a one year low of $60.06 and a one year high of $96.65.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping 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 quarter in the prior year, the business posted $1.45 earnings per share. Analysts predict that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a $0.43 dividend. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Monday, February 24th. Brunswick’s dividend payout ratio is currently 90.53%.

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.