Brunswick Co. (NYSE:BC) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp increased its position in shares of Brunswick Co. (NYSE:BC) by 78.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,646 shares of the company’s stock after buying an additional 24,501 shares during the period. Van ECK Associates Corp owned about 0.08% of Brunswick worth $5,384,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BC. Valley National Advisers Inc. acquired a new stake in shares of Brunswick during the third quarter worth $25,000. Harvest Fund Management Co. Ltd boosted its holdings in Brunswick by 14,566.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 440 shares of the company’s stock worth $43,000 after acquiring an additional 437 shares during the period. GAMMA Investing LLC acquired a new position in shares of Brunswick in the 4th quarter valued at approximately $52,000. Fifth Third Bancorp raised its position in shares of Brunswick by 17.9% during the 3rd quarter. Fifth Third Bancorp now owns 1,042 shares of the company’s stock valued at $82,000 after acquiring an additional 158 shares in the last quarter. Finally, Ramirez Asset Management Inc. acquired a new stake in shares of Brunswick during the 3rd quarter valued at approximately $163,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. B. Riley raised Brunswick from a “neutral” rating to a “buy” rating and increased their price target for the stock from $100.00 to $108.00 in a research note on Tuesday, February 20th. DA Davidson reaffirmed a “neutral” rating and set a $77.00 target price on shares of Brunswick in a research note on Friday, March 15th. Truist Financial decreased their target price on Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Morgan Stanley decreased their target price on Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $94.00 target price on shares of Brunswick in a report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.83.

Insider Buying and Selling at Brunswick

In other Brunswick news, VP Christopher F. Dekker sold 6,234 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the transaction, the vice president now directly owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP John G. Buelow sold 2,426 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the transaction, the executive vice president now directly owns 14,199 shares of the company’s stock, valued at $1,237,016.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the sale, the vice president now directly owns 35,176 shares of the company’s stock, valued at $2,973,427.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,053 shares of company stock valued at $4,602,880. 0.81% of the stock is currently owned by company insiders.

Brunswick Trading Up 0.2 %

BC stock opened at $81.33 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.68 and a quick ratio of 0.75. The company has a fifty day moving average price of $88.38 and a two-hundred day moving average price of $85.09. Brunswick Co. has a one year low of $66.47 and a one year high of $99.68. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 15.12 and a beta of 1.60.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.01). Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the firm posted $2.57 EPS. The firm’s revenue was down 21.7% compared to the same quarter last year. Equities analysts anticipate that Brunswick Co. will post 7.39 EPS for the current year.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, May 13th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.07%. The ex-dividend date is Friday, May 10th. Brunswick’s dividend payout ratio (DPR) is presently 31.23%.

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.