Peterson Wealth Services Buys 847 Shares of Brunswick Co. (NYSE:BC)

Peterson Wealth Services grew its stake in Brunswick Co. (NYSE:BC) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,268 shares of the company’s stock after acquiring an additional 847 shares during the quarter. Peterson Wealth Services’ holdings in Brunswick were worth $858,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Oak Thistle LLC bought a new stake in shares of Brunswick in the fourth quarter worth about $368,000. Global Alpha Capital Management Ltd. grew its position in shares of Brunswick by 47.5% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company’s stock valued at $20,128,000 after purchasing an additional 77,340 shares during the period. JPMorgan Chase & Co. increased its stake in Brunswick by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after purchasing an additional 102,780 shares in the last quarter. Barclays PLC raised its holdings in Brunswick by 78.6% during the 3rd quarter. Barclays PLC now owns 118,189 shares of the company’s stock worth $9,907,000 after buying an additional 52,024 shares during the period. Finally, Markel Group Inc. bought a new position in Brunswick in the third quarter valued at approximately $1,173,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on BC shares. Citigroup dropped their price objective on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Truist Financial dropped their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley upped their price objective on Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and dropped their target price for the company from $95.00 to $88.00 in a research report on Tuesday, November 26th. Finally, Benchmark reduced their price target on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $81.85.

Insider Transactions at Brunswick

In related news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Stock Performance

NYSE BC opened at $65.54 on Tuesday. The firm’s fifty day moving average price is $68.55 and its two-hundred day moving average price is $76.02. Brunswick Co. has a 1 year low of $62.64 and a 1 year high of $96.65. The firm has a market capitalization of $4.32 billion, a P/E ratio of 34.50 and a beta of 1.54. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (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 company posted $1.45 earnings per share. As a group, research analysts anticipate that Brunswick Co. will post 4.2 EPS 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.