Brunswick Co. (NYSE:BC) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of Brunswick Co. (NYSE:BC) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 534,849 shares of the company’s stock after selling 1,918 shares during the period. Thrivent Financial for Lutherans owned about 0.79% of Brunswick worth $38,921,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in Brunswick during the 4th quarter worth about $28,000. Johnson Financial Group Inc. acquired a new position in Brunswick during the 4th quarter worth about $30,000. Rise Advisors LLC lifted its stake in Brunswick by 249.5% during the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after acquiring an additional 232 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Brunswick by 43,700.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after acquiring an additional 437 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its stake in Brunswick by 77.1% during the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock worth $58,000 after acquiring an additional 262 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Buying and Selling

In other Brunswick news, Director Nancy E. Cooper sold 358 shares of Brunswick stock in a transaction that occurred on Thursday, August 1st. The stock was 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 in the company, valued at approximately $1,942,155.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Roth Mkm reaffirmed a “buy” rating and issued a $94.00 price target on shares of Brunswick in a research report on Thursday, July 25th. Robert W. Baird reduced their price target on Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. reduced their price target on Brunswick from $78.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Citigroup reduced their price target on Brunswick from $100.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Finally, Truist Financial reduced their price target on Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.23.

Brunswick Trading Down 1.8 %

NYSE:BC opened at $82.94 on Monday. The stock’s 50 day moving average price is $78.15 and its 200 day moving average price is $80.77. The company has a market capitalization of $5.60 billion, a PE ratio of 15.42 and a beta of 1.51. The company has a quick ratio of 0.75, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. Brunswick Co. has a 52-week low of $66.47 and a 52-week high of $99.68.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The company’s quarterly 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. On average, research analysts anticipate that Brunswick Co. will post 5.26 EPS for the current year.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 21st were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.68 dividend on an annualized basis and a yield of 2.03%. Brunswick’s dividend payout ratio is presently 31.23%.

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.