Skylands Capital LLC Increases Stock Position in Brunswick Co. (NYSE:BC)

Skylands Capital LLC increased its stake in shares of Brunswick Co. (NYSE:BC) by 38.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,575 shares of the company’s stock after purchasing an additional 6,000 shares during the period. Skylands Capital LLC’s holdings in Brunswick were worth $1,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. bought a new position in shares of Brunswick during the 4th quarter valued at approximately $39,000. Financial Perspectives Inc bought a new stake in Brunswick during the 4th quarter valued at approximately $42,000. Avior Wealth Management LLC lifted 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 worth $56,000 after purchasing an additional 612 shares in the last quarter. Covestor Ltd lifted its holdings in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after purchasing an additional 843 shares in the last quarter. Finally, KBC Group NV grew its holdings in Brunswick by 21.7% during the 3rd quarter. KBC Group NV now owns 2,025 shares of the company’s stock valued at $170,000 after buying an additional 361 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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 research report on Friday, January 24th. Benchmark decreased their price objective on Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Morgan Stanley raised their target price on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Citigroup dropped their price objective on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Truist Financial dropped their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.62.

Brunswick Price Performance

Brunswick stock opened at $62.81 on Monday. The business has a fifty day moving average of $66.37 and a two-hundred day moving average of $75.15. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The company has a market cap of $4.14 billion, a P/E ratio of 33.06 and a beta of 1.54. Brunswick Co. has a one year low of $62.33 and a one year high of $96.65.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter in the prior year, the business posted $1.45 earnings per share. As a group, analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio is 88.42%.

Brunswick 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.