Mackenzie Financial Corp Sells 1,164 Shares of Brunswick Co. (NYSE:BC)

Mackenzie Financial Corp decreased its position in shares of Brunswick Co. (NYSE:BC) by 33.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,277 shares of the company’s stock after selling 1,164 shares during the quarter. Mackenzie Financial Corp’s holdings in Brunswick were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its holdings in Brunswick by 140.4% in the 3rd quarter. FMR LLC now owns 3,435,357 shares of the company’s stock valued at $271,393,000 after acquiring an additional 2,006,578 shares in the last quarter. American Century Companies Inc. grew its stake in Brunswick by 0.5% during the third quarter. American Century Companies Inc. now owns 1,972,076 shares of the company’s stock worth $155,794,000 after buying an additional 9,465 shares in the last quarter. Van Berkom & Associates Inc. raised its position in shares of Brunswick by 25.7% in the 3rd quarter. Van Berkom & Associates Inc. now owns 899,980 shares of the company’s stock valued at $71,098,000 after buying an additional 184,088 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Brunswick by 127.6% during the 3rd quarter. Victory Capital Management Inc. now owns 866,226 shares of the company’s stock worth $68,432,000 after acquiring an additional 485,588 shares during the period. Finally, Copeland Capital Management LLC boosted its position in shares of Brunswick by 0.4% during the 3rd quarter. Copeland Capital Management LLC now owns 857,047 shares of the company’s stock worth $67,707,000 after acquiring an additional 3,513 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Trading Up 1.4 %

Shares of BC stock opened at $81.08 on Monday. The stock has a 50-day moving average of $89.02 and a 200-day moving average of $84.93. The company has a current ratio of 1.68, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 15.07 and a beta of 1.56. Brunswick Co. has a 1-year low of $66.47 and a 1-year high of $99.68.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The business’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same period last year, the business earned $2.57 EPS. On average, equities research analysts forecast that Brunswick Co. will post 7.43 earnings per share for the current year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, February 23rd. Brunswick’s payout ratio is presently 31.23%.

Insider Activity at Brunswick

In other Brunswick news, EVP John G. Buelow sold 2,426 shares of Brunswick stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.12, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the sale, the vice president now directly owns 35,176 shares in the company, valued at approximately $2,973,427.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John G. Buelow sold 2,426 shares of the business’s stock in a transaction on 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 in the company, valued at $1,237,016.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,696 shares of company stock valued at $4,574,199. Insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BNP Paribas restated a “neutral” rating and set a $82.00 target price (down from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Raymond James downgraded Brunswick from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Roth Mkm restated a “buy” rating and issued a $94.00 price target on shares of Brunswick in a research note on Thursday. B. Riley upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $108.00 in a research report on Tuesday, February 20th. Finally, Morgan Stanley cut their target price on shares of Brunswick from $91.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $92.83.

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.