First Horizon Advisors Inc. Lowers Stock Position in Brunswick Co. (NYSE:BC)

First Horizon Advisors Inc. lessened its stake in Brunswick Co. (NYSE:BC) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 726 shares of the company’s stock after selling 149 shares during the period. First Horizon Advisors Inc.’s holdings in Brunswick were worth $70,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Alps Advisors Inc. lifted its position in Brunswick by 224.7% in the 3rd quarter. Alps Advisors Inc. now owns 49,446 shares of the company’s stock worth $3,906,000 after buying an additional 34,220 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Brunswick by 30.7% in the 4th quarter. Retirement Systems of Alabama now owns 178,984 shares of the company’s stock worth $17,317,000 after acquiring an additional 42,089 shares during the last quarter. Victory Capital Management Inc. boosted its stake 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 purchasing an additional 485,588 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Brunswick during the 4th quarter valued at $20,460,000. Finally, Van ECK Associates Corp raised its position in Brunswick by 78.7% in the 4th quarter. Van ECK Associates Corp now owns 55,646 shares of the company’s stock worth $5,384,000 after purchasing an additional 24,501 shares during the period. Institutional investors own 99.34% of the company’s stock.

Insider Buying and Selling at Brunswick

In related news, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total value of $28,681.38. Following the sale, the director now owns 23,211 shares in the company, valued at approximately $1,864,771.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Brunswick news, Director Nancy E. Cooper sold 357 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the sale, the director now directly owns 23,211 shares in the company, valued at approximately $1,864,771.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was 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 in the company, valued at approximately $23,748,450.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,053 shares of company stock valued at $4,602,880. Corporate insiders own 0.81% of the company’s stock.

Brunswick Trading Down 0.2 %

Shares of BC opened at $81.69 on Wednesday. Brunswick Co. has a 1-year low of $66.47 and a 1-year high of $99.68. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16. The firm’s 50-day moving average price is $88.18 and its 200-day moving average price is $85.30. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 15.18 and a beta of 1.60.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm posted $2.57 earnings per share. The business’s revenue was down 21.7% compared to the same quarter last year. Sell-side analysts anticipate that Brunswick Co. will post 7.39 EPS for the current year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, May 10th. Brunswick’s dividend payout ratio (DPR) is presently 31.23%.

Analyst Ratings Changes

BC has been the topic of a number of recent research reports. 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. Roth Mkm reaffirmed a “buy” rating and issued a $94.00 price target on shares of Brunswick in a research note on Thursday, April 25th. BNP Paribas reissued a “neutral” rating and set a $82.00 price objective (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Stifel Nicolaus lifted their target price on shares of Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, DA Davidson reissued a “neutral” rating and set a $77.00 price target on shares of Brunswick in a research report on Friday, March 15th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

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.