SG Americas Securities LLC Sells 30,453 Shares of Brunswick Corporation $BC

SG Americas Securities LLC trimmed its position in Brunswick Corporation (NYSE:BC) by 65.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,121 shares of the company’s stock after selling 30,453 shares during the period. SG Americas Securities LLC’s holdings in Brunswick were worth $1,197,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BC. First Horizon Corp bought a new stake in Brunswick in the 3rd quarter worth about $26,000. Jones Financial Companies Lllp grew its position in Brunswick by 50.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after purchasing an additional 166 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Brunswick in the 3rd quarter worth about $37,000. Quent Capital LLC purchased a new position in shares of Brunswick in the 3rd quarter worth about $38,000. Finally, Larson Financial Group LLC grew its position in Brunswick by 705.4% during the third quarter. Larson Financial Group LLC now owns 596 shares of the company’s stock valued at $38,000 after buying an additional 522 shares during the period. 99.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup increased their price target on shares of Brunswick from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Robert W. Baird set a $85.00 target price on shares of Brunswick in a research report on Friday, January 30th. Morgan Stanley set a $82.00 target price on shares of Brunswick in a research report on Tuesday, February 17th. Griffin Securities set a $76.00 target price on shares of Brunswick in a research report on Monday, February 2nd. Finally, Loop Capital assumed coverage on shares of Brunswick in a research report on Monday, December 22nd. They set a “hold” rating and a $74.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $84.57.

Insider Activity at Brunswick

In related news, VP Christopher F. Dekker sold 4,981 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $87.38, for a total value of $435,239.78. Following the completion of the transaction, the vice president directly owned 39,740 shares of the company’s stock, valued at approximately $3,472,481.20. This trade represents a 11.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Foulkes sold 38,266 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 271,169 shares of the company’s stock, valued at approximately $23,472,388.64. This trade represents a 12.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.81% of the stock is currently owned by company insiders.

Brunswick Stock Up 0.1%

Brunswick stock opened at $73.48 on Wednesday. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $90.25. The firm has a 50 day moving average price of $78.44 and a 200-day moving average price of $73.65. The company has a market capitalization of $4.78 billion, a P/E ratio of -34.66 and a beta of 1.38. The company has a quick ratio of 0.61, a current ratio of 1.44 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC) last released its earnings results on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, meeting 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 firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned $0.24 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. As a group, equities analysts predict that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, February 23rd were issued a $0.44 dividend. This is a boost from Brunswick’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $1.76 annualized dividend and a yield of 2.4%. Brunswick’s payout ratio is -83.02%.

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.