Charles Schwab Investment Management Inc. Acquires 14,089 Shares of Brunswick Co. (NYSE:BC)

Charles Schwab Investment Management Inc. increased its holdings in shares of Brunswick Co. (NYSE:BC) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 715,358 shares of the company’s stock after purchasing an additional 14,089 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.08% of Brunswick worth $46,269,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Levin Capital Strategies L.P. increased its stake in shares of Brunswick by 5.5% during the 4th quarter. Levin Capital Strategies L.P. now owns 91,504 shares of the company’s stock worth $5,918,000 after purchasing an additional 4,809 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Brunswick by 4.5% during the fourth quarter. QRG Capital Management Inc. now owns 20,288 shares of the company’s stock worth $1,312,000 after purchasing an additional 879 shares during the period. Proficio Capital Partners LLC acquired a new position in Brunswick during the fourth quarter worth approximately $2,827,000. Bank of New York Mellon Corp increased its position in Brunswick by 16.7% during the fourth quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock worth $49,578,000 after buying an additional 109,728 shares during the last quarter. Finally, Skylands Capital LLC lifted its position in shares of Brunswick by 38.5% in the fourth quarter. Skylands Capital LLC now owns 21,575 shares of the company’s stock valued at $1,395,000 after buying an additional 6,000 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird set a $90.00 price objective on shares of Brunswick in a research report on Friday, January 31st. Truist Financial lowered their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Roth Mkm reduced their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 24th. Benchmark decreased their target price on Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Stifel Nicolaus dropped their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Six equities research 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, Brunswick has a consensus rating of “Moderate Buy” and an average target price of $81.62.

Brunswick Price Performance

Shares of NYSE BC opened at $57.66 on Friday. The stock has a fifty day moving average of $64.33 and a 200-day moving average of $73.51. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. Brunswick Co. has a fifty-two week low of $54.97 and a fifty-two week high of $96.65. The stock has a market cap of $3.80 billion, a PE ratio of 30.35 and a beta of 1.54.

Brunswick (NYSE:BC) last released its earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $1.45 EPS. Equities research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.98%. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, February 24th. Brunswick’s dividend payout ratio is presently 90.53%.

Insider Activity

In related news, Director Nancy E. Cooper sold 433 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Randall S. Altman sold 3,417 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

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.