Royce & Associates LP Decreases Stock Holdings in Brunswick Corporation $BC

Royce & Associates LP lessened its holdings in Brunswick Corporation (NYSE:BC) by 22.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 398,145 shares of the company’s stock after selling 113,934 shares during the quarter. Royce & Associates LP’s holdings in Brunswick were worth $25,179,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BC. American Century Companies Inc. raised its position in shares of Brunswick by 56.4% during the 3rd quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock worth $145,637,000 after acquiring an additional 830,451 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in Brunswick during the third quarter worth approximately $314,000. EverSource Wealth Advisors LLC lifted its position in shares of Brunswick by 20.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 25,414 shares of the company’s stock worth $1,607,000 after buying an additional 4,231 shares during the last quarter. Personal CFO Solutions LLC grew its position in shares of Brunswick by 5.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 3,991 shares of the company’s stock valued at $252,000 after buying an additional 193 shares during the last quarter. Finally, Coyle Financial Counsel LLC lifted its position in Brunswick by 88.8% in the third quarter. Coyle Financial Counsel LLC now owns 11,911 shares of the company’s stock valued at $753,000 after acquiring an additional 5,601 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BC. Texas Capital lowered Brunswick from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Seaport Research Partners upgraded Brunswick to a “strong-buy” rating in a research note on Monday, December 8th. Citigroup boosted their price objective on Brunswick from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. DA Davidson increased their price objective on Brunswick from $68.00 to $76.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Finally, Wall Street Zen cut shares of Brunswick from a “buy” rating to a “hold” rating in a report on Sunday, December 7th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $84.00.

Brunswick Stock Down 3.6%

Shares of Brunswick stock opened at $79.52 on Monday. Brunswick Corporation has a one year low of $41.00 and a one year high of $90.25. The company has a market cap of $5.16 billion, a P/E ratio of -37.51 and a beta of 1.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 1.44. The firm has a fifty day moving average of $83.57 and a two-hundred day moving average of $72.11.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. On average, analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, February 23rd will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, February 23rd. This is an increase from Brunswick’s previous quarterly dividend of $0.43. Brunswick’s payout ratio is presently -83.02%.

Insiders Place Their Bets

In other Brunswick news, CEO David M. Foulkes sold 38,266 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $86.56, for a total value of $3,312,304.96. Following the completion of the transaction, the chief executive officer directly owned 271,169 shares of the company’s stock, valued at approximately $23,472,388.64. This trade represents a 12.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher F. Dekker sold 4,981 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $87.38, for a total value of $435,239.78. Following the sale, the vice president directly owned 39,740 shares in the company, valued at $3,472,481.20. This trade represents a 11.14% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.85% of the company’s stock.

Brunswick Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.