Commonwealth Equity Services LLC Has $724,000 Holdings in Brunswick Co. (NYSE:BC)

Commonwealth Equity Services LLC lessened its holdings in Brunswick Co. (NYSE:BC – Get Rating) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,056 shares of the company’s stock after selling 224 shares during the period. Commonwealth Equity Services LLC’s holdings in Brunswick were worth $724,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. MTM Investment Management LLC purchased a new stake in Brunswick in the 4th quarter valued at about $216,000. Envestnet Asset Management Inc. increased its stake in Brunswick by 1.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 96,096 shares of the company’s stock valued at $6,927,000 after buying an additional 1,817 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Brunswick in the 4th quarter valued at about $1,003,000. Hodges Capital Management Inc. increased its stake in Brunswick by 102.2% in the 4th quarter. Hodges Capital Management Inc. now owns 125,490 shares of the company’s stock valued at $9,045,000 after buying an additional 63,440 shares during the last quarter. Finally, Aurora Investment Counsel increased its stake in Brunswick by 2.9% in the 4th quarter. Aurora Investment Counsel now owns 24,297 shares of the company’s stock valued at $1,751,000 after buying an additional 690 shares during the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Insider Activity at Brunswick

In related news, CEO David M. Foulkes sold 13,000 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $81.40, for a total transaction of $1,058,200.00. Following the sale, the chief executive officer now directly owns 241,957 shares of the company’s stock, valued at $19,695,299.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Brunswick news, CEO David M. Foulkes sold 13,000 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $81.40, for a total value of $1,058,200.00. Following the transaction, the chief executive officer now owns 241,957 shares of the company’s stock, valued at $19,695,299.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Nancy E. Cooper sold 327 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $86.23, for a total value of $28,197.21. Following the completion of the transaction, the director now directly owns 20,499 shares in the company, valued at approximately $1,767,628.77. The disclosure for this sale can be found here. Insiders have sold 14,636 shares of company stock valued at $1,186,156 over the last ninety days. Insiders own 0.74% of the company’s stock.

Brunswick Price Performance

BC stock opened at $75.40 on Thursday. The firm’s 50-day moving average price is $80.37 and its two-hundred day moving average price is $79.34. Brunswick Co. has a 12-month low of $61.89 and a 12-month high of $93.15. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 9.08 and a beta of 1.53. The company has a current ratio of 1.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.17.

Brunswick (NYSE:BC – Get Rating) last released its earnings results on Thursday, April 27th. The company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.21. Brunswick had a return on equity of 36.65% and a net margin of 8.97%. The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts predict that Brunswick Co. will post 10.41 earnings per share for the current year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, May 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. Brunswick’s dividend payout ratio (DPR) is presently 19.28%.

Analysts Set New Price Targets

Several research firms have commented on BC. Citigroup increased their price objective on shares of Brunswick from $104.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Robert W. Baird raised their price objective on shares of Brunswick from $100.00 to $110.00 in a report on Friday, February 3rd. Truist Financial raised their price objective on shares of Brunswick from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. StockNews.com initiated coverage on shares of Brunswick in a report on Thursday, May 18th. They issued a “buy” rating for the company. Finally, Raymond James cut their price objective on shares of Brunswick from $100.00 to $94.00 in a report on Friday, April 28th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Brunswick currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.25.

Brunswick Profile

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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.