Envestnet Portfolio Solutions Inc. Boosts Stock Holdings in Brunswick Co. (NYSE:BC)

Envestnet Portfolio Solutions Inc. lifted its stake in Brunswick Co. (NYSE:BC) by 11.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,431 shares of the company’s stock after buying an additional 572 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Brunswick were worth $351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Brunswick by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 701,269 shares of the company’s stock valued at $58,780,000 after purchasing an additional 1,765 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Brunswick by 13.7% during the 3rd quarter. Penserra Capital Management LLC now owns 5,570 shares of the company’s stock valued at $466,000 after buying an additional 671 shares during the last quarter. Bank of Montreal Can boosted its position in Brunswick by 8.5% during the 3rd quarter. Bank of Montreal Can now owns 43,592 shares of the company’s stock valued at $3,685,000 after buying an additional 3,399 shares during the period. Quantbot Technologies LP grew its holdings in Brunswick by 6.6% in the 3rd quarter. Quantbot Technologies LP now owns 36,934 shares of the company’s stock worth $3,096,000 after acquiring an additional 2,296 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Brunswick by 134.5% in the third quarter. BNP Paribas Financial Markets now owns 6,713 shares of the company’s stock valued at $563,000 after acquiring an additional 3,850 shares during the period. Institutional investors own 99.34% of the company’s stock.

Brunswick Price Performance

Shares of BC opened at $56.02 on Friday. Brunswick Co. has a fifty-two week low of $54.97 and a fifty-two week high of $96.65. The firm’s 50-day simple moving average is $62.63 and its two-hundred day simple moving average is $72.01. The stock has a market cap of $3.69 billion, a PE ratio of 29.48 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.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping 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 period in the prior year, the company posted $1.45 EPS. Analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.43 dividend. This is a boost from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 3.07%. Brunswick’s payout ratio is presently 90.53%.

Insider Activity at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value 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. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BC. Robert W. Baird set a $90.00 target price on shares of Brunswick in a report on Friday, January 31st. DA Davidson dropped their price objective on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. Stifel Nicolaus reduced their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Benchmark dropped their price target on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Roth Mkm reduced their price objective on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Brunswick currently has an average rating of “Moderate Buy” and an average target price of $81.62.

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.