Sei Investments Co. Purchases 64,617 Shares of Brunswick Co. (NYSE:BC)

Sei Investments Co. increased its position in shares of Brunswick Co. (NYSE:BC) by 29.3% during the 4th quarter, Holdings Channel reports. The firm owned 285,215 shares of the company’s stock after acquiring an additional 64,617 shares during the period. Sei Investments Co.’s holdings in Brunswick were worth $18,447,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Brunswick by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,462,558 shares of the company’s stock valued at $94,599,000 after acquiring an additional 41,583 shares in the last quarter. Magnetar Financial LLC bought a new stake in Brunswick in the 4th quarter valued at $3,903,000. Xponance Inc. lifted its stake in Brunswick by 4.9% in the 4th quarter. Xponance Inc. now owns 7,617 shares of the company’s stock worth $493,000 after purchasing an additional 359 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Brunswick by 43.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 769,907 shares of the company’s stock valued at $49,798,000 after purchasing an additional 232,622 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in shares of Brunswick by 60.0% during the 4th quarter. William Blair Investment Management LLC now owns 5,447 shares of the company’s stock valued at $352,000 after purchasing an additional 2,043 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Activity

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the transaction, the director now owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Benchmark decreased their target price on Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Stifel Nicolaus lowered their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Truist Financial reduced their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Citigroup lowered their price objective on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Finally, B. Riley upgraded shares of Brunswick to a “hold” rating in a report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.62.

Brunswick Trading Down 0.6 %

Shares of NYSE BC opened at $56.02 on Friday. The business’s 50 day moving average price is $62.63 and its 200-day moving average price is $72.01. Brunswick Co. has a fifty-two week low of $54.97 and a fifty-two week high of $96.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 29.48 and a beta of 1.54.

Brunswick (NYSE:BC) last released its 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 return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, sell-side analysts expect that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.43 per share. The ex-dividend date was Monday, February 24th. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.07%. Brunswick’s dividend payout ratio (DPR) is 90.53%.

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.