Brunswick Corporation (NYSE:BC) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in Brunswick Corporation (NYSE:BC) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,349 shares of the company’s stock after acquiring an additional 484 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Brunswick were worth $396,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Turtle Creek Asset Management Inc. increased its position in shares of Brunswick by 19.7% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company’s stock worth $191,806,000 after acquiring an additional 488,412 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brunswick by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,084,038 shares of the company’s stock worth $134,796,000 after acquiring an additional 10,951 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Brunswick by 18.1% in the fourth 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. American Century Companies Inc. increased its position in shares of Brunswick by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,462,558 shares of the company’s stock worth $94,599,000 after acquiring an additional 41,583 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Brunswick by 4.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,338,619 shares of the company’s stock worth $86,582,000 after acquiring an additional 59,228 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Trading Down 0.7%

Shares of NYSE:BC opened at $59.44 on Monday. The company has a market cap of $3.90 billion, a PE ratio of 49.12 and a beta of 1.27. The company’s 50-day moving average price is $52.90 and its 200 day moving average price is $57.04. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 1.12.

Brunswick (NYSE:BC) last issued its quarterly earnings data 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 firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.14 billion. Brunswick had a net margin of 1.62% and a return on equity of 12.88%. Brunswick’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period last year, the firm posted $1.35 EPS. Sell-side analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 19th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date was Monday, May 19th. Brunswick’s dividend payout ratio is currently 142.15%.

Insider Buying and Selling at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of the sale, the vice president directly owned 44,466 shares of the company’s stock, valued at approximately $2,599,927.02. This represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.85% of the company’s stock.

Analyst Ratings Changes

BC has been the topic of several analyst reports. Benchmark initiated coverage on shares of Brunswick in a research note on Monday, April 28th. They set a “buy” rating and a $70.00 price target on the stock. Truist Financial dropped their price target on shares of Brunswick from $85.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. DA Davidson reaffirmed a “neutral” rating and set a $43.00 price target (down previously from $64.00) on shares of Brunswick in a research note on Monday, April 28th. Robert W. Baird lifted their price target on shares of Brunswick from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, BMO Capital Markets dropped their price target on shares of Brunswick from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

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.