Wilmington Savings Fund Society FSB Reduces Holdings in Brunswick Co. (NYSE:BC)

Wilmington Savings Fund Society FSB lowered its position in Brunswick Co. (NYSE:BC) by 4.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 40,968 shares of the company’s stock after selling 2,015 shares during the quarter. Wilmington Savings Fund Society FSB owned about 0.06% of Brunswick worth $2,650,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BC. V Square Quantitative Management LLC purchased a new position in shares of Brunswick in the third quarter worth about $26,000. Armstrong Advisory Group Inc. bought a new position in shares of Brunswick in the fourth quarter worth $39,000. Avior Wealth Management LLC boosted its holdings in shares of Brunswick by 1,073.7% in the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after acquiring an additional 612 shares during the period. Covestor Ltd grew its position in shares of Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after purchasing an additional 843 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Brunswick by 92.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after purchasing an additional 555 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BC shares. Citigroup reduced their target price 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 boosted their price target 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. Benchmark lowered their price objective 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 reduced 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. Finally, Truist Financial lowered their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.85.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.81% of the company’s stock.

Brunswick Price Performance

BC stock opened at $65.66 on Friday. 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 firm has a market cap of $4.33 billion, a P/E ratio of 34.56 and a beta of 1.54. The firm’s fifty day moving average is $68.84 and its 200 day moving average is $76.10. Brunswick Co. has a 52 week low of $62.64 and a 52 week high of $96.65.

Brunswick (NYSE:BC) last released its quarterly earnings data 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 period in the prior year, the company earned $1.45 EPS. Research analysts predict that Brunswick Co. will post 4.2 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.