Lightrock Netherlands B.V. Buys Shares of 252,305 Brunswick Co. (NYSE:BC)

Lightrock Netherlands B.V. purchased a new position in shares of Brunswick Co. (NYSE:BC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 252,305 shares of the company’s stock, valued at approximately $16,400,000. Brunswick accounts for about 5.8% of Lightrock Netherlands B.V.’s portfolio, making the stock its largest position. Lightrock Netherlands B.V. owned approximately 0.38% of Brunswick as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Brunswick by 17.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock worth $259,010,000 after acquiring an additional 452,116 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Brunswick by 1,120.5% in the 3rd quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock valued at $29,725,000 after purchasing an additional 325,574 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in Brunswick by 50.2% in the third quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company’s stock valued at $57,328,000 after buying an additional 228,662 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Brunswick by 447.5% during the third quarter. New York State Common Retirement Fund now owns 271,681 shares of the company’s stock worth $22,772,000 after buying an additional 222,062 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Brunswick during the third quarter worth $15,907,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Buying and Selling

In other news, Director Nancy E. Cooper sold 433 shares of the company’s 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by insiders.

Brunswick Stock Down 0.2 %

Shares of NYSE:BC opened at $65.54 on Tuesday. Brunswick Co. has a 1 year low of $62.64 and a 1 year high of $96.65. 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’s 50-day moving average is $68.55 and its 200-day moving average is $76.02. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 34.50 and a beta of 1.54.

Brunswick (NYSE:BC) last posted 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 quarter in the previous year, the business posted $1.45 EPS. Equities research analysts predict that Brunswick Co. will post 4.2 earnings per share for the current year.

Analysts Set New Price Targets

BC has been the topic of several recent research reports. DA Davidson cut their price objective on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Truist Financial cut their price target on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Citigroup lowered their price objective on Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. B. Riley downgraded shares of 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. Finally, Stifel Nicolaus decreased their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.