Birch Hill Investment Advisors LLC Purchases 17,815 Shares of Brunswick Co. (NYSE:BC)

Birch Hill Investment Advisors LLC lifted its stake in Brunswick Co. (NYSE:BC) by 372.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,592 shares of the company’s stock after purchasing an additional 17,815 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Brunswick were worth $1,461,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of BC. V Square Quantitative Management LLC purchased a new stake in Brunswick in the third quarter worth about $26,000. Armstrong Advisory Group Inc. bought a new position in shares of Brunswick during the 4th quarter valued at approximately $39,000. Avior Wealth Management LLC increased its holdings in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after acquiring an additional 612 shares in the last quarter. Covestor Ltd raised its stake in Brunswick by 669.0% during the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after acquiring an additional 843 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Brunswick by 92.5% during the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock valued at $97,000 after purchasing an additional 555 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Price Performance

NYSE:BC opened at $65.66 on Friday. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 34.56 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. The business has a 50 day simple moving average of $68.84 and a 200-day simple moving average of $76.10. Brunswick Co. has a 1 year low of $62.64 and a 1 year high of $96.65.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm earned $1.45 earnings per share. Equities analysts forecast that Brunswick Co. will post 4.2 EPS for the current year.

Wall Street Analyst Weigh In

BC has been the topic of several recent analyst reports. Truist Financial decreased their price objective on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. B. Riley cut Brunswick from a “buy” rating to a “neutral” rating and cut their target price for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Morgan Stanley boosted their price target on Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. DA Davidson reduced their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Finally, Roth Mkm cut their target price on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.85.

Insider Buying and Selling

In other Brunswick 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 value of $28,426.45. Following the transaction, the director now owns 25,361 shares of the company’s stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by corporate 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.