Dimensional Fund Advisors LP Has $152.58 Million Stake in Brunswick Co. (NYSE:BC)

Dimensional Fund Advisors LP lifted its stake in shares of Brunswick Co. (NYSE:BC) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,096,808 shares of the company’s stock after purchasing an additional 144,416 shares during the period. Dimensional Fund Advisors LP owned approximately 3.10% of Brunswick worth $152,577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of Brunswick during the fourth quarter worth approximately $28,000. Johnson Financial Group Inc. bought a new stake in Brunswick in the fourth quarter valued at approximately $30,000. Rise Advisors LLC increased its stake in Brunswick by 249.5% in the first quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Brunswick by 43,700.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after purchasing an additional 437 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its stake in Brunswick by 77.1% in the first quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock valued at $58,000 after purchasing an additional 262 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Nancy E. Cooper sold 358 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $81.34, for a total value of $29,119.72. Following the transaction, the director now directly owns 23,877 shares of the company’s stock, valued at $1,942,155.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

BC has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Roth Mkm reaffirmed a “buy” rating and issued a $94.00 target price on shares of Brunswick in a research note on Thursday, July 25th. Truist Financial lowered their target price on shares of Brunswick from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Benchmark reissued a “buy” rating and set a $100.00 price objective on shares of Brunswick in a research report on Friday, July 26th. Finally, Northcoast Research raised shares of Brunswick from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, July 29th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.23.

Brunswick Stock Performance

Shares of BC stock opened at $82.94 on Friday. The stock has a market cap of $5.60 billion, a P/E ratio of 15.42 and a beta of 1.51. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 0.75. The company has a fifty day moving average price of $78.15 and a two-hundred day moving average price of $80.82. Brunswick Co. has a one year low of $66.47 and a one year high of $99.68.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.55 billion. Brunswick had a net margin of 5.92% and a return on equity of 23.46%. The business’s revenue was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.35 EPS. As a group, equities analysts predict that Brunswick Co. will post 5.26 EPS for the current year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Wednesday, August 21st were given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Wednesday, August 21st. Brunswick’s payout ratio is presently 31.23%.

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.