3,141 Shares in Brunswick Co. (NYSE:BC) Bought by Stevens Capital Management LP

Stevens Capital Management LP purchased a new stake in Brunswick Co. (NYSE:BC) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,141 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors have also added to or reduced their stakes in the business. Oak Thistle LLC acquired a new position in shares of Brunswick in the 4th quarter valued at $368,000. Bank of New York Mellon Corp grew its stake in Brunswick by 16.7% during the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock valued at $49,578,000 after purchasing an additional 109,728 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Brunswick by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company’s stock valued at $46,269,000 after purchasing an additional 14,089 shares during the period. Channing Capital Management LLC raised its stake in shares of Brunswick by 10.9% in the fourth quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company’s stock worth $66,305,000 after purchasing an additional 100,412 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Brunswick during the fourth quarter worth about $2,827,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Up 2.2 %

Shares of BC opened at $57.87 on Tuesday. The firm has a market cap of $3.81 billion, a P/E ratio of 30.46 and a beta of 1.54. Brunswick Co. has a 12 month low of $54.97 and a 12 month high of $96.65. The stock’s 50 day moving average is $63.27 and its two-hundred day moving average is $72.37. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC) last released 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 period in the previous year, the company posted $1.45 EPS. Analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio is 90.53%.

Analysts Set New Price Targets

BC has been the subject of a number of recent research reports. Robert W. Baird set a $90.00 price target on shares of Brunswick in a research report on Friday, January 31st. Benchmark reduced their target price on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 31st. Truist Financial lowered their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus reduced their price objective on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Citigroup lowered their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Brunswick presently has a consensus rating of “Moderate Buy” and an average price target of $81.62.

Insider Activity at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were 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 of the company’s stock, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

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.