Brunswick Co. (NYSE:BC) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC lowered its holdings in Brunswick Co. (NYSE:BC) by 9.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,659 shares of the company’s stock after selling 376 shares during the period. Personal CFO Solutions LLC’s holdings in Brunswick were worth $237,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BC. Raymond James Financial Inc. acquired a new position in shares of Brunswick in the fourth quarter valued at approximately $29,646,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Brunswick by 17.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock valued at $259,010,000 after purchasing an additional 452,116 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Brunswick by 1,120.5% during the 3rd quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock worth $29,725,000 after acquiring an additional 325,574 shares in the last quarter. Lightrock Netherlands B.V. acquired a new position in Brunswick during the 4th quarter worth approximately $16,400,000. Finally, Lord Abbett & CO. LLC grew its holdings in Brunswick by 50.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company’s stock worth $57,328,000 after acquiring an additional 228,662 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Brunswick Stock Down 0.5 %

BC stock opened at $58.82 on Tuesday. The company has a fifty day moving average price of $64.90 and a 200 day moving average price of $74.04. Brunswick Co. has a 12 month low of $55.40 and a 12 month high of $96.65. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 30.96 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating 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 business posted $1.45 earnings per share. Sell-side analysts expect that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The firm 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 $0.43 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 2.92%. Brunswick’s dividend payout ratio is 90.53%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Roth Mkm lowered their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a report on Friday, January 24th. Stifel Nicolaus lowered 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. Robert W. Baird set a $90.00 price target on shares of Brunswick in a report on Friday, January 31st. Citigroup lowered their price target on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brunswick has an average rating of “Moderate Buy” and a consensus price target of $81.62.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the business’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 transaction, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the business’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at $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. 0.81% of the stock is owned by insiders.

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.