Brunswick Co. (NYSE:BC) Position Lessened by Moran Wealth Management LLC

Moran Wealth Management LLC reduced its stake in shares of Brunswick Co. (NYSE:BC) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,082 shares of the company’s stock after selling 7,954 shares during the period. Moran Wealth Management LLC owned 0.18% of Brunswick worth $7,832,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA raised its holdings in Brunswick by 17.1% during 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 buying an additional 452,116 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Brunswick by 7.4% during the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after buying an additional 102,780 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Brunswick by 13.5% during the third quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock valued at $118,563,000 after buying an additional 168,384 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Brunswick by 2.7% in the third 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 during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Brunswick by 16.7% in the fourth quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock worth $49,578,000 after purchasing an additional 109,728 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of Brunswick 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 owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, the senior vice president now owns 26,683 shares of the company’s stock, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Brunswick Stock Down 0.5 %

BC stock opened at $58.82 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The business’s 50-day simple moving average is $64.90 and its 200 day simple moving average is $74.04. The company has a market cap of $3.87 billion, a PE ratio of 30.96 and a beta of 1.54. Brunswick Co. has a twelve month low of $55.40 and a twelve month high of $96.65.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the prior year, the business earned $1.45 EPS. On average, research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.92%. This is an increase from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, February 24th. Brunswick’s payout ratio is presently 90.53%.

Analyst Upgrades and Downgrades

BC has been the topic of a number of recent analyst reports. Roth Mkm dropped their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Benchmark dropped their price objective on Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus dropped their price objective on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Robert W. Baird set a $90.00 price objective on Brunswick in a research note on Friday, January 31st. Finally, DA Davidson dropped their price objective on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.

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.