Nuveen Asset Management LLC Sells 6,393 Shares of Brunswick Co. (NYSE:BC)

Nuveen Asset Management LLC lowered its position in Brunswick Co. (NYSE:BC) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 242,546 shares of the company’s stock after selling 6,393 shares during the period. Nuveen Asset Management LLC owned 0.37% of Brunswick worth $15,688,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BC. Barclays PLC increased its position in Brunswick by 78.6% during the 3rd quarter. Barclays PLC now owns 118,189 shares of the company’s stock valued at $9,907,000 after buying an additional 52,024 shares in the last quarter. KBC Group NV increased its position in Brunswick by 42.8% during the 4th quarter. KBC Group NV now owns 2,892 shares of the company’s stock valued at $187,000 after buying an additional 867 shares in the last quarter. Pacer Advisors Inc. increased its position in Brunswick by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after buying an additional 190 shares in the last quarter. Hunter Associates Investment Management LLC increased its position in Brunswick by 2.5% during the 4th quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company’s stock valued at $1,170,000 after buying an additional 447 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in Brunswick by 8.0% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 204,897 shares of the company’s stock valued at $13,253,000 after buying an additional 15,122 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Transactions at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. The trade was a 11.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.81% of the company’s stock.

Brunswick Price Performance

NYSE BC opened at $49.72 on Monday. The company has a market capitalization of $3.27 billion, a PE ratio of 26.17 and a beta of 1.28. 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 business’s fifty day moving average is $49.09 and its 200 day moving average is $61.87. Brunswick Co. has a fifty-two week low of $41.00 and a fifty-two week high of $87.65.

Brunswick (NYSE:BC) last released its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.31. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.14 billion. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. Brunswick’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 earnings per share. Sell-side analysts predict that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.43 per share. The ex-dividend date is Monday, May 19th. This represents a $1.72 dividend on an annualized basis and a yield of 3.46%. Brunswick’s dividend payout ratio is presently 142.15%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BC. Morgan Stanley increased their target price on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Baird R W downgraded Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Jefferies Financial Group cut their target price on Brunswick from $64.00 to $45.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets cut their target price on Brunswick from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, Citigroup cut their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.31.

Brunswick 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.