Lightrock Netherlands B.V. Invests $16.40 Million in Brunswick Co. (NYSE:BC)

Lightrock Netherlands B.V. bought a new stake in shares of Brunswick Co. (NYSE:BC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 252,305 shares of the company’s stock, valued at approximately $16,400,000. Brunswick comprises about 5.8% of Lightrock Netherlands B.V.’s holdings, making the stock its largest position.

Several other institutional investors have also bought and sold shares of BC. Nisa Investment Advisors LLC grew its holdings in shares of Brunswick by 0.5% in the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after acquiring an additional 145 shares in the last quarter. Inspire Investing LLC boosted its position in Brunswick by 2.8% in the third quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock worth $465,000 after purchasing an additional 153 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Brunswick by 3.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,647 shares of the company’s stock valued at $390,000 after purchasing an additional 174 shares during the period. Pacer Advisors Inc. increased its position in shares of Brunswick by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after purchasing an additional 190 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Brunswick by 21.6% during the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after purchasing an additional 235 shares during the period. Institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

BC has been the subject of a number of research analyst reports. Truist Financial decreased their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Roth Mkm decreased their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Morgan Stanley upped their price objective on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Citigroup decreased their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus dropped their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Brunswick currently has an average rating of “Moderate Buy” and a consensus target price of $81.85.

Brunswick Trading Down 0.2 %

Shares of BC opened at $65.54 on Tuesday. The business’s 50-day moving average price is $68.55 and its 200-day moving average price is $76.02. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. Brunswick Co. has a twelve month low of $62.64 and a twelve month high of $96.65. The stock has a market cap of $4.32 billion, a PE ratio of 34.50 and a beta of 1.54.

Brunswick (NYSE:BC) last posted 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 period in the previous year, the firm posted $1.45 EPS. On average, equities analysts forecast that Brunswick Co. will post 4.2 EPS for the current fiscal year.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now owns 25,361 shares of the company’s stock, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.81% of the stock is owned by corporate insiders.

Brunswick 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.