First Horizon Advisors Inc. Sells 149 Shares of Brunswick Co. (NYSE:BC)

First Horizon Advisors Inc. cut its holdings in Brunswick Co. (NYSE:BC) by 17.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 726 shares of the company’s stock after selling 149 shares during the quarter. First Horizon Advisors Inc.’s holdings in Brunswick were worth $70,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its stake in shares of Brunswick by 140.4% in the 3rd quarter. FMR LLC now owns 3,435,357 shares of the company’s stock valued at $271,393,000 after buying an additional 2,006,578 shares during the period. Victory Capital Management Inc. raised its holdings in Brunswick by 127.6% during the 3rd quarter. Victory Capital Management Inc. now owns 866,226 shares of the company’s stock worth $68,432,000 after purchasing an additional 485,588 shares during the last quarter. Jennison Associates LLC lifted its position in Brunswick by 71.0% during the 4th quarter. Jennison Associates LLC now owns 806,396 shares of the company’s stock valued at $78,019,000 after purchasing an additional 334,851 shares during the period. Invesco Ltd. boosted its stake in shares of Brunswick by 110.2% in the 3rd quarter. Invesco Ltd. now owns 357,833 shares of the company’s stock valued at $28,269,000 after purchasing an additional 187,572 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its position in shares of Brunswick by 25.7% during the 3rd quarter. Van Berkom & Associates Inc. now owns 899,980 shares of the company’s stock worth $71,098,000 after buying an additional 184,088 shares during the period. 99.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on BC shares. Truist Financial reduced their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a report on Thursday, April 25th. DA Davidson restated a “neutral” rating and set a $77.00 target price on shares of Brunswick in a report on Friday, March 15th. BNP Paribas reaffirmed a “neutral” rating and issued a $82.00 price target (down from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Finally, Morgan Stanley reduced their price objective on shares of Brunswick from $91.00 to $86.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.83.

Insider Buying and Selling

In related news, Director Nancy E. Cooper sold 357 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the transaction, the director now directly owns 23,211 shares in the company, valued at approximately $1,864,771.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP John G. Buelow sold 2,426 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the sale, the executive vice president now directly owns 14,199 shares in the company, valued at $1,237,016.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nancy E. Cooper sold 357 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total transaction of $28,681.38. Following the completion of the transaction, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The disclosure for this sale can be found here. Insiders sold a total of 53,053 shares of company stock worth $4,602,880 in the last ninety days. 0.81% of the stock is owned by insiders.

Brunswick Trading Down 0.2 %

Brunswick stock opened at $81.69 on Wednesday. Brunswick Co. has a 52 week low of $66.47 and a 52 week high of $99.68. The stock has a market capitalization of $5.52 billion, a P/E ratio of 15.18 and a beta of 1.60. The stock has a 50-day simple moving average of $88.18 and a 200 day simple moving average of $85.30. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.75 and a current ratio of 1.68.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.36 billion. Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The firm’s quarterly revenue was down 21.7% on a year-over-year basis. During the same quarter last year, the company posted $2.57 EPS. Analysts expect that Brunswick Co. will post 7.39 earnings per share for the current year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 13th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.68 annualized dividend and a dividend yield of 2.06%. Brunswick’s payout ratio is 31.23%.

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.