Brunswick Co. (NYSE:BC) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its holdings in Brunswick Co. (NYSE:BC) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,098 shares of the company’s stock after selling 4,097 shares during the period. Invesco Ltd. owned approximately 0.25% of Brunswick worth $10,808,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Brunswick in the 4th quarter valued at about $30,097,000. Raymond James Financial Inc. purchased a new position in Brunswick in the fourth quarter worth approximately $29,646,000. JPMorgan Chase & Co. grew its holdings in Brunswick by 18.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company’s stock worth $113,655,000 after acquiring an additional 269,413 shares in the last quarter. Lightrock Netherlands B.V. purchased a new stake in shares of Brunswick in the 4th quarter valued at approximately $16,400,000. Finally, Thrivent Financial for Lutherans increased its position in shares of Brunswick by 43.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 769,907 shares of the company’s stock valued at $49,798,000 after purchasing an additional 232,622 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nancy E. Cooper sold 433 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the sale, the director now directly owns 25,361 shares of the company’s stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

Brunswick Trading Up 2.7 %

Shares of Brunswick stock opened at $44.67 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The company has a market capitalization of $2.94 billion, a P/E ratio of 23.51 and a beta of 1.42. Brunswick Co. has a 1 year low of $41.00 and a 1 year high of $87.65. The company’s fifty day moving average is $54.38 and its two-hundred day moving average is $67.25.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter last year, the company earned $1.45 EPS. Analysts forecast that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Monday, February 24th. This is a boost from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio is 90.53%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Baird R W downgraded shares of Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Roth Mkm dropped their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Benchmark decreased their target price on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Morgan Stanley increased their price target on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus reduced their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Brunswick presently has an average rating of “Hold” and an average target price of $76.67.

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.