Hantz Financial Services Inc. Grows Position in Brunswick Corporation $BC

Hantz Financial Services Inc. grew its holdings in shares of Brunswick Corporation (NYSE:BC) by 73.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,434 shares of the company’s stock after acquiring an additional 6,939 shares during the quarter. Hantz Financial Services Inc.’s holdings in Brunswick were worth $1,039,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. First Horizon Corp bought a new stake in Brunswick during the third quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its holdings in shares of Brunswick by 50.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after acquiring an additional 166 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Brunswick in the third quarter worth $37,000. Quent Capital LLC bought a new position in Brunswick in the third quarter valued at $38,000. Finally, Geneos Wealth Management Inc. raised its position in Brunswick by 477.0% during the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after purchasing an additional 601 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Brunswick Stock Up 1.5%

Shares of NYSE BC opened at $87.95 on Friday. The firm’s fifty day moving average is $79.62 and its 200 day moving average is $69.24. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $89.61. The company has a quick ratio of 0.61, a current ratio of 1.44 and a debt-to-equity ratio of 1.11. The company has a market cap of $5.72 billion, a price-to-earnings ratio of -41.49 and a beta of 1.39.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm earned $0.24 EPS. The company’s revenue was up 15.5% on a year-over-year basis. On average, equities research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current year.

Insider Activity

In related news, CEO David M. Foulkes sold 38,266 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $86.56, for a total transaction of $3,312,304.96. Following the transaction, the chief executive officer owned 271,169 shares in the company, valued at $23,472,388.64. The trade was a 12.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BC shares. Roth Mkm reiterated a “buy” rating and issued a $94.00 price objective (up from $79.00) on shares of Brunswick in a report on Friday, January 30th. Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. BMO Capital Markets lifted their price target on shares of Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Loop Capital started coverage on shares of Brunswick in a research note on Monday, December 22nd. They issued a “hold” rating and a $74.00 price objective for the company. Finally, Truist Financial lifted their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $83.93.

Brunswick Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.