Tectonic Advisors LLC Acquires 846 Shares of Brunswick Co. (NYSE:BC)

Tectonic Advisors LLC raised its holdings in shares of Brunswick Co. (NYSE:BC) by 5.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,779 shares of the company’s stock after purchasing an additional 846 shares during the period. Tectonic Advisors LLC’s holdings in Brunswick were worth $1,021,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its position 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 in the last quarter. Inspire Investing LLC boosted its holdings in shares of Brunswick by 2.8% in the 3rd quarter. Inspire Investing LLC now owns 5,545 shares of the company’s stock valued at $465,000 after buying an additional 153 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in 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 acquiring an additional 174 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Brunswick by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock worth $638,000 after purchasing an additional 190 shares during the last quarter. Finally, CWM LLC increased its position in shares of Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after purchasing an additional 235 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

BC has been the topic of several research analyst reports. DA Davidson dropped their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Citigroup lowered their price target on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Morgan Stanley increased their price objective 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. Stifel Nicolaus dropped their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, B. Riley cut shares of Brunswick from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $88.00 in a report on Tuesday, November 26th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.85.

Insider Activity

In related news, Director Nancy E. Cooper sold 433 shares of Brunswick 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 completion of the transaction, the director now owns 25,361 shares in the company, valued at $1,664,949.65. The trade was a 1.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.81% of the company’s stock.

Brunswick Price Performance

Shares of BC opened at $66.55 on Thursday. The business’s 50-day moving average is $69.42 and its two-hundred day moving average is $76.26. The company has a market capitalization of $4.39 billion, a P/E ratio of 35.02 and a beta of 1.54. Brunswick Co. has a fifty-two week low of $62.64 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.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, January 30th. The company reported $0.24 EPS 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 last year, the business earned $1.45 EPS. Research analysts predict that Brunswick Co. will post 4.3 earnings per share for the current year.

Brunswick Company 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.