Valley National Advisers Inc. Boosts Stock Position in Brunswick Co. (NYSE:BC)

Valley National Advisers Inc. boosted its holdings in shares of Brunswick Co. (NYSE:BC) by 47.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,120 shares of the company’s stock after purchasing an additional 358 shares during the quarter. Valley National Advisers Inc.’s holdings in Brunswick were worth $108,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Hawk Ridge Capital Management LP purchased a new stake in Brunswick during the 4th quarter valued at $5,777,000. Dimensional Fund Advisors LP raised its stake in shares of Brunswick by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock valued at $185,483,000 after acquiring an additional 47,053 shares during the period. Retirement Systems of Alabama raised its stake in shares of Brunswick by 30.7% in the fourth quarter. Retirement Systems of Alabama now owns 178,984 shares of the company’s stock valued at $17,317,000 after acquiring an additional 42,089 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Brunswick by 224.7% in the 3rd quarter. Alps Advisors Inc. now owns 49,446 shares of the company’s stock worth $3,906,000 after acquiring an additional 34,220 shares during the last quarter. Finally, Chesapeake Capital Corp IL purchased a new position in shares of Brunswick during the 4th quarter worth about $800,000. Institutional investors own 99.34% of the company’s stock.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 357 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total value of $28,681.38. Following the completion of the transaction, the director now directly owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Nancy E. Cooper sold 357 shares of Brunswick stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $80.34, for a total value of $28,681.38. Following the transaction, the director now owns 23,211 shares of the company’s stock, valued at approximately $1,864,771.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Brenna Preisser sold 1,225 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $82.09, for a total transaction of $100,560.25. Following the transaction, the vice president now owns 58,076 shares of the company’s stock, valued at approximately $4,767,458.84. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Brunswick Stock Down 0.2 %

Shares of Brunswick stock traded down $0.13 during trading on Wednesday, hitting $69.65. 519,199 shares of the stock traded hands, compared to its average volume of 725,386. The company has a current ratio of 1.68, a quick ratio of 0.75 and a debt-to-equity ratio of 1.16. The stock’s fifty day simple moving average is $78.12 and its 200 day simple moving average is $85.32. The firm has a market cap of $4.71 billion, a P/E ratio of 12.95 and a beta of 1.52. Brunswick Co. has a 52-week low of $66.47 and a 52-week high of $99.68.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, April 25th. The company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). Brunswick had a net margin of 6.24% and a return on equity of 25.37%. The business had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the business posted $2.57 EPS. The company’s revenue for the quarter was down 21.7% on a year-over-year basis. On average, equities analysts predict that Brunswick Co. will post 7.39 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were issued a dividend of $0.42 per share. The ex-dividend date was Friday, May 10th. This represents a $1.68 dividend on an annualized basis and a yield of 2.41%. Brunswick’s dividend payout ratio is currently 31.23%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DA Davidson reissued a “neutral” rating and issued a $77.00 price objective on shares of Brunswick in a research report on Friday, March 15th. Morgan Stanley reduced their price target on Brunswick from $91.00 to $86.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Benchmark started coverage on Brunswick in a report on Wednesday, May 22nd. They set a “buy” rating and a $100.00 price objective for the company. BNP Paribas reiterated a “neutral” rating and issued a $82.00 target price (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Finally, Roth Mkm reiterated a “buy” rating and set a $94.00 target price on shares of Brunswick in a research report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.83.

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.