Proficio Capital Partners LLC Acquires Shares of 43,712 Brunswick Co. (NYSE:BC)

Proficio Capital Partners LLC acquired a new stake in shares of Brunswick Co. (NYSE:BC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 43,712 shares of the company’s stock, valued at approximately $2,827,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA raised its stake 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 acquiring an additional 452,116 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Brunswick by 1,120.5% in the third quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock valued at $29,725,000 after acquiring an additional 325,574 shares during the last quarter. Lightrock Netherlands B.V. bought a new position in shares of Brunswick in the fourth quarter valued at approximately $16,400,000. Lord Abbett & CO. LLC raised its stake in shares of Brunswick by 50.2% in the third quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company’s stock valued at $57,328,000 after acquiring an additional 228,662 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Brunswick by 13.5% in the third quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock valued at $118,563,000 after acquiring an additional 168,384 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. DA Davidson dropped their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Stifel Nicolaus dropped their price objective on shares of 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 upgraded shares of Brunswick to a “hold” rating in a research report on Wednesday, February 12th. Morgan Stanley boosted their price objective on shares of Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Finally, Roth Mkm dropped their price objective on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.62.

Brunswick Price Performance

BC opened at $57.88 on Thursday. Brunswick Co. has a 52 week low of $55.40 and a 52 week high of $96.65. The firm has a market capitalization of $3.81 billion, a PE ratio of 30.47 and a beta of 1.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The company has a fifty day moving average price of $65.32 and a two-hundred day moving average price of $74.42.

Brunswick (NYSE:BC) last announced its quarterly 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 last year, the business posted $1.45 earnings per share. As a group, analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a $0.43 dividend. This is a positive change from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 2.97%. Brunswick’s payout ratio is 90.53%.

Insider Activity

In related news, SVP Randall S. Altman sold 3,417 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the transaction, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

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.