Hudson Edge Investment Partners Inc. Grows Stake in Brunswick Co. (NYSE:BC)

Hudson Edge Investment Partners Inc. raised its stake in Brunswick Co. (NYSE:BC) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,574 shares of the company’s stock after acquiring an additional 1,310 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Brunswick were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of BC. Nisa Investment Advisors LLC lifted its holdings in Brunswick by 0.5% during the third quarter. Nisa Investment Advisors LLC now owns 26,731 shares of the company’s stock valued at $2,241,000 after purchasing an additional 145 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Brunswick by 3.9% in the third 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. lifted its stake 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 buying an additional 190 shares in the last quarter. CWM LLC boosted its holdings in Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after buying an additional 235 shares during the period. Finally, US Bancorp DE grew its stake in Brunswick by 3.0% in the 3rd quarter. US Bancorp DE now owns 8,214 shares of the company’s stock valued at $689,000 after buying an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Trading Down 1.9 %

BC stock opened at $62.81 on Friday. Brunswick Co. has a one year low of $62.33 and a one year high of $96.65. The company has a market capitalization of $4.14 billion, a PE ratio of 33.06 and a beta of 1.54. The company’s 50 day moving average price is $66.37 and its two-hundred day moving average price is $75.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share 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 prior year, the firm earned $1.45 earnings per share. As a group, analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.74%. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is presently 88.42%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Roth Mkm dropped their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Friday, January 24th. DA Davidson cut their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Morgan Stanley upped their target price on shares of Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Stifel Nicolaus cut their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Truist Financial reduced their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.85.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the firm’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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.81% of the company’s stock.

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.