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:BCFree Report) 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.

Get Our Latest Stock Report on BC

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:BCGet Free Report) 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

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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