Peterson Wealth Services Makes New Investment in Brunswick Co. (NYSE:BC)

Peterson Wealth Services purchased a new position in shares of Brunswick Co. (NYSE:BC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,841 shares of the company’s stock, valued at approximately $372,000.

Several other institutional investors also recently added to or reduced their stakes in BC. Valley National Advisers Inc. acquired a new position in Brunswick during the third quarter worth approximately $25,000. Rockefeller Capital Management L.P. grew its stake in shares of Brunswick by 104.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock valued at $36,000 after purchasing an additional 266 shares during the last quarter. Fred Alger Management LLC purchased a new position in shares of Brunswick in the 1st quarter valued at approximately $40,000. Neo Ivy Capital Management purchased a new position in shares of Brunswick in the 2nd quarter valued at approximately $46,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Brunswick in the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on BC shares. Truist Financial lowered their target price on Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Roth Mkm lifted their price target on Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. DA Davidson restated a “neutral” rating and issued a $77.00 price target on shares of Brunswick in a research note on Friday, March 15th. Raymond James downgraded Brunswick from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Finally, Stifel Nicolaus lifted their price target on Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $92.69.

Insider Transactions at Brunswick

In other news, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the transaction, the vice president now owns 35,176 shares in the company, valued at approximately $2,973,427.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Ryan M. Gwillim sold 9,036 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the sale, the vice president now directly owns 35,176 shares in the company, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,696 shares of company stock worth $4,574,199. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Stock Up 0.6 %

NYSE BC traded up $0.53 during mid-day trading on Thursday, reaching $83.35. 104,822 shares of the company’s stock traded hands, compared to its average volume of 731,994. Brunswick Co. has a 1-year low of $66.47 and a 1-year high of $99.68. The company has a fifty day simple moving average of $89.44 and a 200-day simple moving average of $84.49. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.95. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 13.91 and a beta of 1.56.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). Brunswick had a net margin of 6.57% and a return on equity of 29.78%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $1.99 EPS. Brunswick’s revenue for the quarter was down 14.0% compared to the same quarter last year. As a group, equities research analysts expect that Brunswick Co. will post 7.49 EPS for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were given a $0.42 dividend. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. Brunswick’s dividend payout ratio (DPR) is presently 28.24%.

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.