Brunswick Co. (NYSE:BC) Holdings Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Brunswick Co. (NYSE:BC) by 7.2% during the 4th quarter, HoldingsChannel reports. The firm owned 15,087 shares of the company’s stock after buying an additional 1,016 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brunswick were worth $1,460,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BC. Valley National Advisers Inc. purchased a new position in Brunswick during the 3rd quarter worth approximately $25,000. Fifth Third Bancorp grew its holdings in shares of Brunswick by 17.9% during the 3rd quarter. Fifth Third Bancorp now owns 1,042 shares of the company’s stock valued at $82,000 after acquiring an additional 158 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in shares of Brunswick by 40.6% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,101 shares of the company’s stock valued at $87,000 after acquiring an additional 318 shares in the last quarter. Ramirez Asset Management Inc. purchased a new position in shares of Brunswick during the 3rd quarter valued at $163,000. Finally, Trust Point Inc. purchased a new position in shares of Brunswick during the 4th quarter valued at $212,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BC has been the topic of several research analyst reports. Raymond James cut shares of Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Truist Financial lowered their price target on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. BNP Paribas restated a “neutral” rating and set a $82.00 price target (down from $94.00) on shares of Brunswick in a report on Monday, April 15th. Stifel Nicolaus upped their price objective on shares of Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, DA Davidson reiterated a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a report on Friday, March 15th. Five 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.08.

Brunswick Stock Down 7.1 %

Brunswick stock opened at $79.98 on Friday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 13.44 and a beta of 1.56. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.43 and a quick ratio of 0.59. Brunswick Co. has a fifty-two week low of $66.47 and a fifty-two week high of $99.68. The firm has a fifty day moving average price of $89.29 and a two-hundred day moving average price of $84.80.

Brunswick (NYSE:BC) last released its earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The firm’s revenue was down 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.99 EPS. As a group, analysts forecast that Brunswick Co. will post 7.5 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were given a dividend of $0.42 per share. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, February 23rd. This represents a $1.68 dividend on an annualized basis and a yield of 2.10%. Brunswick’s payout ratio is currently 28.24%.

Insiders Place Their Bets

In other news, EVP John G. Buelow sold 2,426 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.12, for a total transaction of $211,353.12. Following the completion of the transaction, the executive vice president now owns 14,199 shares of the company’s stock, valued at $1,237,016.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Christopher F. Dekker sold 6,234 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the transaction, the vice president now owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John G. Buelow sold 2,426 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.12, for a total transaction of $211,353.12. Following the transaction, the executive vice president now directly owns 14,199 shares of the company’s stock, valued at approximately $1,237,016.88. The disclosure for this sale can be found here. Insiders sold a total of 52,696 shares of company stock valued at $4,574,199 in the last quarter. Insiders own 0.81% of the company’s stock.

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.