43,712 Shares in Brunswick Co. (NYSE:BC) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Brunswick Co. (NYSE:BC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 43,712 shares of the company’s stock, valued at approximately $2,827,000. Proficio Capital Partners LLC owned about 0.07% of Brunswick as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new position in shares of Brunswick during the fourth quarter worth about $39,000. Financial Perspectives Inc purchased a new stake in Brunswick in the 4th quarter valued at approximately $42,000. Avior Wealth Management LLC boosted 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 valued at $56,000 after purchasing an additional 612 shares in the last quarter. KBC Group NV increased its position in Brunswick by 21.7% during the 3rd 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, Paloma Partners Management Co purchased a new position in shares of Brunswick during the 3rd quarter worth approximately $313,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BC has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Citigroup decreased their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Benchmark cut their price target on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Finally, Roth Mkm dropped their target price 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 research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Brunswick currently has an average rating of “Moderate Buy” and an average price target of $81.62.

Brunswick Trading Down 3.6 %

Shares of Brunswick stock opened at $57.11 on Wednesday. Brunswick Co. has a 1 year low of $54.97 and a 1 year high of $96.65. 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 business has a 50 day moving average price of $63.88 and a 200 day moving average price of $72.96. The company has a market capitalization of $3.76 billion, a P/E ratio of 30.06 and a beta of 1.54.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping 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 business earned $1.45 earnings per share. Sell-side analysts anticipate that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.01%. Brunswick’s payout ratio is 90.53%.

Insider Activity

In related news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Company 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.