Brinker Capital Investments LLC Buys 282 Shares of Brunswick Co. (NYSE:BC)

Brinker Capital Investments LLC lifted its stake in shares of Brunswick Co. (NYSE:BCGet Rating) by 3.6% in the third quarter, HoldingsChannel reports. The fund owned 8,148 shares of the company’s stock after acquiring an additional 282 shares during the period. Brinker Capital Investments LLC’s holdings in Brunswick were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC boosted its stake in Brunswick by 492.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 444 shares of the company’s stock worth $29,000 after purchasing an additional 369 shares during the period. International Assets Investment Management LLC boosted its stake in Brunswick by 10,038.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,949 shares of the company’s stock worth $38,000 after purchasing an additional 10,841 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Brunswick by 36.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 639 shares of the company’s stock worth $42,000 after purchasing an additional 170 shares during the period. Neo Ivy Capital Management bought a new position in Brunswick in the 2nd quarter worth approximately $46,000. Finally, Total Clarity Wealth Management Inc. bought a new position in Brunswick in the 2nd quarter worth approximately $48,000. 93.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BC shares. B. Riley upped their price target on Brunswick from $83.00 to $88.00 in a research note on Friday, October 28th. Citigroup lowered their target price on Brunswick from $106.00 to $104.00 in a research report on Friday, October 28th. DA Davidson downgraded Brunswick from a “buy” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $82.00 in a research report on Tuesday, November 15th. Royal Bank of Canada lowered their target price on Brunswick from $95.00 to $91.00 and set an “outperform” rating for the company in a research report on Friday, October 28th. Finally, Truist Financial increased their target price on Brunswick from $90.00 to $95.00 in a research report on Friday, January 6th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $97.00.

Brunswick Stock Performance

BC stock opened at $80.17 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.88 and a debt-to-equity ratio of 1.21. The business’s fifty day simple moving average is $74.03 and its two-hundred day simple moving average is $73.75. Brunswick Co. has a twelve month low of $61.89 and a twelve month high of $98.49. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 9.61 and a beta of 1.54.

Brunswick (NYSE:BCGet Rating) last released its earnings results on Thursday, October 27th. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.05. Brunswick had a return on equity of 36.52% and a net margin of 9.56%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.77 billion. Analysts predict that Brunswick Co. will post 10.01 earnings per share for the current year.

Brunswick Profile

(Get Rating)

Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products, including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts and Accessories, Boat, and Corporate/Other. The Propulsion segment manufactures a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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