Captrust Financial Advisors Cuts Position in Brunswick Co. (NYSE:BC)

Captrust Financial Advisors decreased its stake in Brunswick Co. (NYSE:BC) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,091 shares of the company’s stock after selling 2,331 shares during the period. Captrust Financial Advisors’ holdings in Brunswick were worth $523,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of Brunswick by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock valued at $638,000 after buying an additional 190 shares in the last quarter. Xponance Inc. increased its holdings in Brunswick by 4.9% during the 4th quarter. Xponance Inc. now owns 7,617 shares of the company’s stock valued at $493,000 after acquiring an additional 359 shares in the last quarter. Hunter Associates Investment Management LLC raised its position in Brunswick by 2.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company’s stock worth $1,170,000 after acquiring an additional 447 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Brunswick by 11.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,431 shares of the company’s stock valued at $351,000 after purchasing an additional 572 shares in the last quarter. Finally, Financial Perspectives Inc acquired a new stake in shares of Brunswick in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on BC shares. B. Riley upgraded Brunswick to a “hold” rating in a research report on Wednesday, February 12th. Baird R W cut Brunswick from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. BMO Capital Markets decreased their price objective on Brunswick from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. DA Davidson reiterated a “neutral” rating and set a $43.00 price objective (down previously from $64.00) on shares of Brunswick in a research report on Monday, April 28th. Finally, Robert W. Baird boosted their target price on shares of Brunswick from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday. Seven 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, the company currently has an average rating of “Moderate Buy” and an average price target of $71.31.

Insider Activity

In other news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at $1,686,632.43. The trade was a 11.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.81% of the company’s stock.

Brunswick Stock Up 2.4%

BC opened at $53.24 on Monday. Brunswick Co. has a 12 month low of $41.00 and a 12 month high of $87.65. The business has a 50-day moving average of $49.69 and a two-hundred day moving average of $62.96. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 28.02 and a beta of 1.28.

Brunswick (NYSE:BC) last released its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.31. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company earned $1.35 earnings per share. The company’s quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts expect that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be issued a $0.43 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.23%. Brunswick’s dividend payout ratio (DPR) is presently 142.15%.

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.