Brunswick Co. (NYSE:BC) Shares Bought by Channing Capital Management LLC

Channing Capital Management LLC lifted its holdings in shares of Brunswick Co. (NYSE:BC) by 10.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,025,123 shares of the company’s stock after buying an additional 100,412 shares during the period. Brunswick makes up about 1.8% of Channing Capital Management LLC’s holdings, making the stock its 29th biggest position. Channing Capital Management LLC’s holdings in Brunswick were worth $66,305,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new stake in Brunswick during the 4th quarter worth about $39,000. Financial Perspectives Inc acquired a new position in shares of Brunswick during the fourth quarter worth about $42,000. Avior Wealth Management LLC increased its stake in shares of Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after buying an additional 612 shares during the period. Covestor Ltd raised its holdings in Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after acquiring an additional 843 shares in the last quarter. Finally, KBC Group NV lifted its stake in Brunswick by 21.7% in the third quarter. KBC Group NV now owns 2,025 shares of the company’s stock worth $170,000 after acquiring an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

BC has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. B. Riley raised Brunswick to a “hold” rating in a report on Wednesday, February 12th. Benchmark dropped 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. DA Davidson decreased their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Finally, Citigroup lowered their price target on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.

Insider Transactions 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 transaction of $28,426.45. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the transaction, the senior vice president now owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Brunswick Trading Down 0.5 %

NYSE BC opened at $58.82 on Tuesday. The stock has a market capitalization of $3.87 billion, a P/E ratio of 30.96 and a beta of 1.54. Brunswick Co. has a 52-week low of $55.40 and a 52-week high of $96.65. The firm has a 50-day moving average price of $64.90 and a 200 day moving average price of $74.04. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC) last released its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the previous year, the business posted $1.45 EPS. Equities research analysts expect that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be given a dividend of $0.43 per share. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, February 24th. Brunswick’s payout ratio is presently 90.53%.

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.