Peterson Wealth Services Has $858,000 Position in Brunswick Co. (NYSE:BC)

Peterson Wealth Services raised its position in Brunswick Co. (NYSE:BC) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,268 shares of the company’s stock after purchasing an additional 847 shares during the period. Peterson Wealth Services’ holdings in Brunswick were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its position 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 valued at $259,010,000 after acquiring an additional 452,116 shares during the period. JPMorgan Chase & Co. boosted its holdings in Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after purchasing an additional 102,780 shares during the period. Victory Capital Management Inc. boosted its holdings in Brunswick by 13.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock valued at $118,563,000 after purchasing an additional 168,384 shares during the period. Principal Financial Group Inc. grew its position in shares of Brunswick by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock worth $90,171,000 after purchasing an additional 28,781 shares in the last quarter. Finally, Copeland Capital Management LLC increased its holdings in shares of Brunswick by 11.9% during the third quarter. Copeland Capital Management LLC now owns 949,094 shares of the company’s stock worth $79,553,000 after purchasing an additional 101,123 shares during the period. Institutional investors own 99.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. B. Riley cut Brunswick from a “buy” rating to a “neutral” rating and cut their price target for the company from $95.00 to $88.00 in a research note on Tuesday, November 26th. Citigroup reduced their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. DA Davidson dropped their price target on Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Benchmark reduced their price objective 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, Stifel Nicolaus decreased their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a 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 data from MarketBeat, Brunswick currently has an average rating of “Moderate Buy” and a consensus target price of $81.85.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, the director now directly owns 25,361 shares in the company, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.81% of the company’s stock.

Brunswick Price Performance

BC stock 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 stock has a market cap of $4.32 billion, a price-to-earnings ratio of 34.50 and a beta of 1.54. The company has a 50 day simple moving average of $68.55 and a 200 day simple moving average of $76.02.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (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 quarter in the prior year, the firm earned $1.45 earnings per share. Research analysts anticipate that Brunswick Co. will post 4.2 EPS for the current fiscal year.

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.