Birch Hill Investment Advisors LLC Acquires 17,815 Shares of Brunswick Co. (NYSE:BC)

Birch Hill Investment Advisors LLC boosted its holdings in shares of Brunswick Co. (NYSE:BC) by 372.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,592 shares of the company’s stock after acquiring an additional 17,815 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Brunswick were worth $1,461,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Brunswick by 17.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock valued at $259,010,000 after acquiring an additional 452,116 shares during the period. JPMorgan Chase & Co. grew its stake in Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after purchasing an additional 102,780 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Brunswick by 13.5% in the third quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock worth $118,563,000 after purchasing an additional 168,384 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Brunswick by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock valued at $90,171,000 after buying an additional 28,781 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in shares of Brunswick by 11.9% in the 3rd quarter. Copeland Capital Management LLC now owns 949,094 shares of the company’s stock valued at $79,553,000 after buying an additional 101,123 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Performance

BC opened at $65.66 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Brunswick Co. has a 12-month low of $62.64 and a 12-month high of $96.65. The firm has a 50 day moving average of $68.84 and a two-hundred day moving average of $76.10. The firm has a market capitalization of $4.33 billion, a PE ratio of 34.56 and a beta of 1.54.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, analysts anticipate that Brunswick Co. will post 4.2 EPS for the current year.

Insider Buying and Selling at Brunswick

In related news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Citigroup decreased their price objective on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus dropped their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Roth Mkm decreased their price target on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, Truist Financial dropped their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.85.

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.