Van ECK Associates Corp Raises Holdings in Brunswick Co. (NYSE:BC)

Van ECK Associates Corp boosted its stake in shares of Brunswick Co. (NYSE:BC) by 21.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,017 shares of the company’s stock after acquiring an additional 22,324 shares during the quarter. Van ECK Associates Corp owned 0.19% of Brunswick worth $8,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in Brunswick in the 3rd quarter worth approximately $26,000. Armstrong Advisory Group Inc. purchased a new stake in Brunswick in the 4th quarter worth approximately $39,000. Avior Wealth Management LLC lifted its holdings in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after buying an additional 612 shares during the period. Covestor Ltd lifted its holdings in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after buying an additional 843 shares during the period. Finally, CWM LLC lifted its holdings in Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock worth $111,000 after buying an additional 235 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley increased their price objective on Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Benchmark decreased their target price on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Stifel Nicolaus decreased 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. B. Riley raised Brunswick to a “hold” rating in a research report on Wednesday, February 12th. Finally, Citigroup decreased their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Brunswick has an average rating of “Moderate Buy” and a consensus price target of $81.85.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of the firm’s 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 transaction, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.81% of the company’s stock.

Brunswick Stock Up 0.9 %

BC stock opened at $65.55 on Monday. Brunswick Co. has a twelve month low of $62.64 and a twelve month high of $96.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The firm has a market cap of $4.32 billion, a PE ratio of 34.50 and a beta of 1.54. The business has a 50 day moving average of $67.50 and a 200 day moving average of $75.56.

Brunswick (NYSE:BC) last issued its 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 return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the prior year, the business posted $1.45 EPS. On average, research analysts forecast that Brunswick Co. will post 4.2 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.62%. This is an increase from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is currently 88.42%.

Brunswick 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.