Brunswick Co. (NYSE:BC) Shares Sold by FORA Capital LLC

FORA Capital LLC decreased its stake in Brunswick Co. (NYSE:BC) by 71.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,319 shares of the company’s stock after selling 8,338 shares during the quarter. FORA Capital LLC’s holdings in Brunswick were worth $320,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Hawk Ridge Capital Management LP acquired a new position in Brunswick during the fourth quarter worth about $5,777,000. Dimensional Fund Advisors LP boosted its position in Brunswick by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock worth $185,483,000 after acquiring an additional 47,053 shares during the last quarter. Van ECK Associates Corp boosted its position in Brunswick by 32.0% during the first quarter. Van ECK Associates Corp now owns 73,470 shares of the company’s stock worth $7,091,000 after acquiring an additional 17,824 shares during the last quarter. Capstone Investment Advisors LLC boosted its position in Brunswick by 160.6% during the first quarter. Capstone Investment Advisors LLC now owns 20,771 shares of the company’s stock worth $2,005,000 after acquiring an additional 12,802 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in Brunswick by 30.7% during the fourth quarter. Retirement Systems of Alabama now owns 178,984 shares of the company’s stock worth $17,317,000 after purchasing an additional 42,089 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Buying and Selling

In other Brunswick news, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the transaction, the director now owns 23,211 shares in the company, valued at approximately $1,864,771.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Brenna Preisser sold 1,225 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $82.09, for a total value of $100,560.25. Following the completion of the transaction, the vice president now owns 58,076 shares in the company, valued at approximately $4,767,458.84. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the transaction, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Brunswick Stock Down 1.5 %

BC traded down $1.07 during trading hours on Tuesday, hitting $69.92. 146,033 shares of the company’s stock were exchanged, compared to its average volume of 725,079. Brunswick Co. has a 12-month low of $66.47 and a 12-month high of $99.68. The firm has a 50 day moving average of $77.46 and a 200 day moving average of $84.71. The firm has a market cap of $4.72 billion, a P/E ratio of 13.09 and a beta of 1.52. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the company earned $2.57 earnings per share. Brunswick’s quarterly revenue was down 21.7% on a year-over-year basis. Analysts predict that Brunswick Co. will post 7.39 EPS for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, May 13th were paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.40%. The ex-dividend date was Friday, May 10th. Brunswick’s payout ratio is currently 31.23%.

Analysts Set New Price Targets

BC has been the topic of a number of analyst reports. Truist Financial reduced their target price on shares of Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday. Morgan Stanley reduced their target price on shares of Brunswick from $91.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Benchmark initiated coverage on shares of Brunswick in a research note on Wednesday, May 22nd. They set a “buy” rating and a $100.00 target price on the stock. Citigroup reduced their target price on shares of Brunswick from $100.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday. Finally, DA Davidson reaffirmed a “neutral” rating and set a $77.00 target price on shares of Brunswick in a research note on Friday, March 15th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Brunswick presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.31.

About Brunswick

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.