2,782 Shares in Brunswick Co. (NYSE:BC) Purchased by HTLF Bank

HTLF Bank 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 2,782 shares of the company’s stock, valued at approximately $269,000.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Brunswick by 140.4% during the third quarter. FMR LLC now owns 3,435,357 shares of the company’s stock worth $271,393,000 after acquiring an additional 2,006,578 shares during the period. Norges Bank acquired a new position in Brunswick during the 4th quarter worth approximately $53,519,000. Victory Capital Management Inc. lifted its holdings in shares of Brunswick by 127.6% in the 3rd quarter. Victory Capital Management Inc. now owns 866,226 shares of the company’s stock valued at $68,432,000 after buying an additional 485,588 shares during the period. Morgan Stanley boosted its stake in shares of Brunswick by 100.6% in the fourth quarter. Morgan Stanley now owns 953,791 shares of the company’s stock valued at $68,749,000 after buying an additional 478,329 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Brunswick during the first quarter worth $17,428,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BC has been the subject of a number of recent analyst reports. BNP Paribas reissued a “neutral” rating and issued a $82.00 target price (down previously from $94.00) on shares of Brunswick in a report on Monday, April 15th. Truist Financial decreased their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Stifel Nicolaus increased their target price on shares of Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. DA Davidson reissued a “neutral” rating and set a $77.00 price target on shares of Brunswick in a research note on Friday, March 15th. Finally, B. Riley raised Brunswick from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $108.00 in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.08.

Read Our Latest Stock Analysis on Brunswick

Brunswick Stock Up 2.3 %

Shares of NYSE BC opened at $83.94 on Friday. The firm has a market cap of $5.78 billion, a P/E ratio of 14.11 and a beta of 1.56. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43. Brunswick Co. has a 1 year low of $66.47 and a 1 year high of $99.68. The firm’s 50 day moving average price is $89.34 and its 200 day moving average price is $84.57.

Brunswick (NYSE:BCGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). Brunswick had a net margin of 6.57% and a return on equity of 29.78%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the firm earned $1.99 EPS. Brunswick’s revenue for the quarter was down 14.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Brunswick Co. will post 7.5 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were issued a dividend of $0.42 per share. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, February 23rd. Brunswick’s dividend payout ratio is presently 28.24%.

Insider Buying and Selling

In related news, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $87.11, for a total transaction of $3,048,850.00. Following the completion of the transaction, the chief executive officer now owns 272,626 shares of the company’s stock, valued at $23,748,450.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO David M. Foulkes sold 35,000 shares of Brunswick stock in a transaction on Monday, February 26th. The stock was sold at an average price of $87.11, for a total value of $3,048,850.00. Following the transaction, the chief executive officer now owns 272,626 shares in the company, valued at $23,748,450.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher F. Dekker sold 6,234 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the sale, the vice president now owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,696 shares of company stock valued at $4,574,199. 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.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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