Brunswick Co. (NYSE:BC) Shares Sold by Carl P. Sherr & Co. LLC

Carl P. Sherr & Co. LLC trimmed its stake in shares of Brunswick Co. (NYSE:BC) by 19.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,509 shares of the company’s stock after selling 1,299 shares during the quarter. Carl P. Sherr & Co. LLC’s holdings in Brunswick were worth $533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BC. FMR LLC lifted its holdings in Brunswick by 140.4% during the 3rd quarter. FMR LLC now owns 3,435,357 shares of the company’s stock worth $271,393,000 after buying an additional 2,006,578 shares during the last quarter. Norges Bank purchased a new stake in Brunswick during the 4th quarter worth about $53,519,000. Victory Capital Management Inc. lifted its holdings in Brunswick by 127.6% during the 3rd quarter. Victory Capital Management Inc. now owns 866,226 shares of the company’s stock worth $68,432,000 after buying an additional 485,588 shares during the last quarter. Morgan Stanley lifted its holdings in Brunswick by 100.6% during the 4th quarter. Morgan Stanley now owns 953,791 shares of the company’s stock worth $68,749,000 after buying an additional 478,329 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Brunswick during the 1st quarter worth about $17,428,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Ryan M. Gwillim sold 9,036 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.10, for a total value of $787,035.60. Following the sale, the chief financial officer now owns 28,966 shares of the company’s stock, valued at approximately $2,522,938.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Ryan M. Gwillim sold 9,036 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $87.10, for a total value of $787,035.60. Following the sale, the chief financial officer now owns 28,966 shares of the company’s stock, valued at approximately $2,522,938.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $87.11, for a total value of $3,048,850.00. Following the completion of the sale, the chief executive officer now directly owns 272,626 shares in the company, valued at approximately $23,748,450.86. The disclosure for this sale can be found here. Insiders have sold a total of 52,696 shares of company stock worth $4,574,199 in the last quarter. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Raymond James downgraded Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Roth Mkm boosted their target price on Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a report on Friday, February 2nd. B. Riley raised Brunswick from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $108.00 in a report on Tuesday, February 20th. Stifel Nicolaus boosted their target price on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Truist Financial reduced their target price on Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Brunswick has a consensus rating of “Moderate Buy” and an average price target of $92.69.

Brunswick Stock Performance

BC stock traded down $0.56 during trading on Wednesday, hitting $84.92. The company had a trading volume of 591,311 shares, compared to its average volume of 701,061. The firm has a market cap of $5.84 billion, a PE ratio of 14.27 and a beta of 1.56. Brunswick Co. has a 1-year low of $66.47 and a 1-year high of $99.68. The firm has a 50-day moving average price of $89.45 and a 200-day moving average price of $84.50. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.95.

Brunswick (NYSE:BC) last released its earnings results on Thursday, February 1st. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.21). Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. On average, analysts expect that Brunswick Co. will post 7.49 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were issued a $0.42 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.98%. This is a boost from Brunswick’s previous quarterly dividend of $0.40. Brunswick’s dividend payout ratio is currently 28.24%.

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.