Peterson Wealth Services Purchases New Shares in Brunswick Co. (NYSE:BC)

Peterson Wealth Services purchased a new stake in Brunswick Co. (NYSE:BC) in the fourth quarter, according to 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.

A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Brunswick by 0.7% in the first quarter. BlackRock Inc. now owns 6,426,552 shares of the company’s stock valued at $519,843,000 after buying an additional 46,519 shares during the last quarter. FMR LLC raised its holdings in shares of Brunswick by 140.4% in the third quarter. FMR LLC now owns 3,435,357 shares of the company’s stock valued at $271,393,000 after buying an additional 2,006,578 shares during the last quarter. State Street Corp raised its holdings in shares of Brunswick by 2.6% in the first quarter. State Street Corp now owns 2,121,553 shares of the company’s stock valued at $171,612,000 after buying an additional 53,083 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Brunswick by 0.5% in the third quarter. American Century Companies Inc. now owns 1,972,076 shares of the company’s stock valued at $155,794,000 after buying an additional 9,465 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Brunswick by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,142,450 shares of the company’s stock valued at $92,432,000 after buying an additional 84,345 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BC has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Raymond James cut Brunswick from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. BNP Paribas reissued a “neutral” rating and set a $82.00 price objective (down from $94.00) on shares of Brunswick in a report on Monday. DA Davidson restated a “neutral” rating and set a $77.00 target price on shares of Brunswick in a research report on Friday, March 15th. Finally, Roth Mkm boosted their target price on Brunswick from $85.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $92.69.

Insider Buying and Selling at Brunswick

In other Brunswick news, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $87.11, for a total value of $3,048,850.00. Following the transaction, the chief executive officer now directly owns 272,626 shares of the company’s stock, valued at approximately $23,748,450.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Brunswick news, EVP John G. Buelow sold 2,426 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $87.12, for a total value of $211,353.12. Following the transaction, the executive vice president now directly owns 14,199 shares of the company’s stock, valued at approximately $1,237,016.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David M. Foulkes sold 35,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $87.11, for a total value of $3,048,850.00. Following the completion of the transaction, the chief executive officer now directly owns 272,626 shares in the company, valued at $23,748,450.86. The disclosure for this sale can be found here. Insiders have sold a total of 52,696 shares of company stock valued at $4,574,199 in the last ninety days. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Stock Up 0.6 %

Shares of Brunswick stock traded up $0.53 on Thursday, reaching $83.35. 104,822 shares of the company were exchanged, compared to its average volume of 731,994. Brunswick Co. has a one year low of $66.47 and a one year high of $99.68. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 13.91 and a beta of 1.56. 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 50-day moving average of $89.44 and a 200 day moving average of $84.49.

Brunswick (NYSE:BC) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company posted $1.99 EPS. The firm’s revenue was down 14.0% on a year-over-year basis. On average, equities research analysts forecast that Brunswick Co. will post 7.49 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.02%. 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. Brunswick’s dividend payout ratio is currently 28.24%.

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.