Atlas Capital Advisors LLC Reduces Stock Position in Brunswick Co. (NYSE:BC)

Atlas Capital Advisors LLC decreased its position in shares of Brunswick Co. (NYSE:BCFree Report) by 64.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418 shares of the company’s stock after selling 762 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Brunswick were worth $40,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Securities Inc. acquired a new position in Brunswick during the fourth quarter worth about $28,000. Johnson Financial Group Inc. acquired a new position in shares of Brunswick during the 4th quarter worth approximately $30,000. Rise Advisors LLC lifted its stake in Brunswick by 249.5% in the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after buying an additional 232 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in Brunswick by 347.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock valued at $42,000 after buying an additional 337 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its position in Brunswick by 14,566.7% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 440 shares of the company’s stock worth $43,000 after buying an additional 437 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. DA Davidson reaffirmed a “neutral” rating and set a $77.00 price objective on shares of Brunswick in a research note on Friday, March 15th. Roth Mkm reissued a “buy” rating and set a $94.00 price target on shares of Brunswick in a research note on Thursday, April 25th. Benchmark started coverage on Brunswick in a research note on Wednesday, May 22nd. They issued a “buy” rating and a $100.00 target price for the company. Morgan Stanley lowered their price target on Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, BNP Paribas reissued a “neutral” rating and issued a $82.00 target price (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.83.

Check Out Our Latest Report on Brunswick

Brunswick Stock Performance

NYSE:BC opened at $70.97 on Friday. Brunswick Co. has a 1-year low of $66.47 and a 1-year high of $99.68. The stock has a market cap of $4.80 billion, a P/E ratio of 13.19 and a beta of 1.55. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.68 and a quick ratio of 0.75. The firm has a 50-day moving average of $79.28 and a two-hundred day moving average of $85.88.

Brunswick (NYSE:BCGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.57 EPS. On average, research analysts expect that Brunswick Co. will post 7.39 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, May 10th. Brunswick’s dividend payout ratio is currently 31.23%.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 357 shares of Brunswick stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the transaction, the director now owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Brunswick news, Director Nancy E. Cooper sold 357 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the transaction, the director now owns 23,211 shares of the company’s stock, valued at $1,864,771.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Brenna Preisser sold 1,225 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total value of $100,560.25. Following the sale, the vice president now owns 58,076 shares in the company, valued at $4,767,458.84. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

About Brunswick

(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.

See Also

Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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