C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $2.21 Million in Brunswick Co. (NYSE:BC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Brunswick Co. (NYSE:BC) during the 4th quarter, HoldingsChannel reports. The firm purchased 34,181 shares of the company’s stock, valued at approximately $2,211,000.

Several other hedge funds also recently modified their holdings of BC. V Square Quantitative Management LLC acquired a new position in Brunswick in the 3rd quarter valued at $26,000. Armstrong Advisory Group Inc. acquired a new position in Brunswick in the 4th quarter valued at $39,000. Avior Wealth Management LLC grew its stake in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after buying an additional 612 shares during the last quarter. Covestor Ltd grew its stake in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after buying an additional 843 shares during the last quarter. Finally, CWM LLC grew its stake in Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company’s stock valued at $111,000 after buying an additional 235 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is currently owned by insiders.

Brunswick Price Performance

NYSE:BC opened at $64.73 on Wednesday. Brunswick Co. has a 52 week low of $62.64 and a 52 week high of $96.65. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 34.07 and a beta of 1.54. The company has a 50-day moving average of $67.02 and a 200-day moving average of $75.38. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

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, beating 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 company posted $1.45 earnings per share. As a group, equities research analysts anticipate that Brunswick Co. will post 4.2 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a dividend of $0.43 per share. This is an increase from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is currently 88.42%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. DA Davidson lowered their target price on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Stifel Nicolaus reduced their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Morgan Stanley increased their price target on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Citigroup reduced their price target on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, Benchmark reduced their price target on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Brunswick presently has an average rating of “Moderate Buy” and a consensus price target of $81.85.

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.