Yousif Capital Management LLC Has $1.60 Million Holdings in Brunswick Co. (NYSE:BC)

Yousif Capital Management LLC decreased its holdings in shares of Brunswick Co. (NYSE:BC) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,733 shares of the company’s stock after selling 897 shares during the quarter. Yousif Capital Management LLC’s holdings in Brunswick were worth $1,600,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hodges Capital Management Inc. increased its position in shares of Brunswick by 25.4% during the 4th quarter. Hodges Capital Management Inc. now owns 146,993 shares of the company’s stock worth $9,508,000 after purchasing an additional 29,750 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Brunswick by 8.0% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 204,897 shares of the company’s stock valued at $13,253,000 after buying an additional 15,122 shares in the last quarter. Hunter Associates Investment Management LLC increased its stake in shares of Brunswick by 2.5% during the 4th quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company’s stock worth $1,170,000 after purchasing an additional 447 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Brunswick by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after purchasing an additional 190 shares during the last quarter. Finally, KBC Group NV grew its holdings in Brunswick by 42.8% during the fourth quarter. KBC Group NV now owns 2,892 shares of the company’s stock worth $187,000 after purchasing an additional 867 shares during the period. Institutional investors own 99.34% of the company’s stock.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the sale, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.81% of the company’s stock.

Brunswick Price Performance

NYSE:BC opened at $64.15 on Thursday. Brunswick Co. has a 52 week low of $62.64 and a 52 week high of $96.65. 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 firm’s 50-day simple moving average is $67.98 and its 200 day simple moving average is $75.84. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 33.76 and a beta of 1.54.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping 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 quarter in the previous year, the firm earned $1.45 EPS. As a group, sell-side analysts predict that Brunswick Co. will post 4.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BC shares. B. Riley cut Brunswick from a “buy” rating to a “neutral” rating and cut their price objective for the company from $95.00 to $88.00 in a research report on Tuesday, November 26th. Benchmark cut their price target on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 31st. Truist Financial reduced their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley increased their price objective on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus reduced their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Six 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, the company has an average rating of “Moderate Buy” and a consensus price target of $81.85.

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.