Swiss National Bank Sells 1,800 Shares of Brunswick Co. (NYSE:BC)

Swiss National Bank decreased its position in Brunswick Co. (NYSE:BC) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 130,200 shares of the company’s stock after selling 1,800 shares during the period. Swiss National Bank owned 0.20% of Brunswick worth $8,421,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Oak Thistle LLC purchased a new stake in Brunswick during the fourth quarter worth $368,000. Bank of New York Mellon Corp increased its position in shares of Brunswick by 16.7% in the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock valued at $49,578,000 after acquiring an additional 109,728 shares during the period. Channing Capital Management LLC increased its position in shares of Brunswick by 10.9% in the 4th quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company’s stock valued at $66,305,000 after acquiring an additional 100,412 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Brunswick by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company’s stock valued at $46,269,000 after acquiring an additional 14,089 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Brunswick by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after purchasing an additional 102,780 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Stock Up 0.5 %

Brunswick stock opened at $56.62 on Friday. Brunswick Co. has a fifty-two week low of $54.97 and a fifty-two week high of $96.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The firm has a 50 day moving average price of $63.40 and a 200 day moving average price of $72.57. The company has a market capitalization of $3.73 billion, a PE ratio of 29.80 and a beta of 1.54.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. During the same period in the prior year, the business earned $1.45 earnings per share. Research analysts expect that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a dividend of $0.43 per share. This is a boost from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Monday, February 24th. Brunswick’s payout ratio is 90.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Stifel Nicolaus cut their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. B. Riley raised shares of Brunswick to a “hold” rating in a research note on Wednesday, February 12th. Truist Financial decreased their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Benchmark decreased their target price on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Finally, Citigroup decreased their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Six 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, Brunswick currently has a consensus rating of “Moderate Buy” and an average price target of $81.62.

Insider Transactions at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the sale, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the sale, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

About Brunswick

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.