Sei Investments Co. Boosts Stock Holdings in Brunswick Co. (NYSE:BC)

Sei Investments Co. lifted its stake in Brunswick Co. (NYSE:BC) by 29.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 285,215 shares of the company’s stock after buying an additional 64,617 shares during the period. Sei Investments Co. owned approximately 0.43% of Brunswick worth $18,447,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Oak Thistle LLC bought a new stake in Brunswick in the 4th quarter worth $368,000. Bank of New York Mellon Corp grew its stake in shares of Brunswick by 16.7% in the fourth quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock worth $49,578,000 after purchasing an additional 109,728 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Brunswick during the 4th quarter valued at about $2,827,000. Channing Capital Management LLC raised its position in Brunswick by 10.9% during the 4th quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company’s stock valued at $66,305,000 after purchasing an additional 100,412 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Brunswick by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company’s stock worth $46,269,000 after buying an additional 14,089 shares during the period. Institutional investors own 99.34% of the company’s stock.

Insiders Place Their Bets

In related news, 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 sale, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Brunswick Price Performance

BC opened at $56.02 on Friday. Brunswick Co. has a 1 year low of $54.97 and a 1 year high of $96.65. The stock has a 50-day moving average price of $62.63 and a 200-day moving average price of $72.01. The firm 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 current ratio of 1.65 and a quick ratio of 0.63.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates 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 business earned $1.45 EPS. Sell-side analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a dividend of $0.43 per share. The ex-dividend date was Monday, February 24th. This is a boost from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 3.07%. Brunswick’s dividend payout ratio (DPR) is 90.53%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. B. Riley raised Brunswick to a “hold” rating in a research note on Wednesday, February 12th. Stifel Nicolaus decreased their price objective 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. Robert W. Baird set a $90.00 target price on shares of Brunswick in a research note on Friday, January 31st. Benchmark decreased their price target on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, Truist Financial cut their price objective on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and an average target price of $81.62.

About Brunswick

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.