Brunswick Co. (NYSE:BC) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in shares of Brunswick Co. (NYSE:BCFree Report) by 76.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,334 shares of the company’s stock after acquiring an additional 4,486 shares during the period. Pacer Advisors Inc.’s holdings in Brunswick were worth $1,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BC. Valley National Advisers Inc. acquired a new stake in Brunswick in the third quarter valued at $25,000. Rockefeller Capital Management L.P. increased its position in shares of Brunswick by 104.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares during the last quarter. Fred Alger Management LLC acquired a new stake in shares of Brunswick in the 1st quarter valued at about $40,000. Neo Ivy Capital Management bought a new position in shares of Brunswick during the second quarter worth about $46,000. Finally, International Assets Investment Management LLC acquired a new position in Brunswick in the first quarter worth about $52,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BC has been the topic of several research reports. Stifel Nicolaus upped their price objective on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Raymond James cut Brunswick from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. DA Davidson reiterated a “neutral” rating and set a $77.00 target price on shares of Brunswick in a research note on Friday, March 15th. Truist Financial reduced their price target on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Finally, B. Riley raised shares of Brunswick from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $108.00 in a research report on Tuesday, February 20th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.58.

View Our Latest Analysis on BC

Brunswick Price Performance

Shares of NYSE:BC opened at $93.90 on Wednesday. The firm’s 50 day moving average is $88.09 and its two-hundred day moving average is $83.64. The firm has a market capitalization of $6.46 billion, a P/E ratio of 15.78 and a beta of 1.56. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.95. Brunswick Co. has a 52 week low of $66.47 and a 52 week high of $99.68.

Brunswick (NYSE:BCGet Free Report) last announced its earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.21). Brunswick had a net margin of 6.57% and a return on equity of 29.78%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm earned $1.99 EPS. The firm’s revenue was down 14.0% on a year-over-year basis. Analysts anticipate that Brunswick Co. will post 7.49 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were paid a dividend of $0.42 per share. This is a boost from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, February 23rd. This represents a $1.68 annualized dividend and a yield of 1.79%. Brunswick’s dividend payout ratio (DPR) is presently 28.24%.

Insiders Place Their Bets

In other Brunswick news, CFO Ryan M. Gwillim sold 9,036 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.10, for a total value of $787,035.60. Following the completion of the sale, the chief financial officer now directly owns 28,966 shares in the company, valued at $2,522,938.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Brunswick news, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $87.11, for a total value of $3,048,850.00. Following the transaction, the chief executive officer now owns 272,626 shares of the company’s stock, valued at $23,748,450.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ryan M. Gwillim sold 9,036 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.10, for a total value of $787,035.60. Following the sale, the chief financial officer now owns 28,966 shares of the company’s stock, valued at approximately $2,522,938.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,696 shares of company stock worth $4,574,199. 0.81% of the stock is owned by corporate insiders.

Brunswick Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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