Inspire Investing LLC Trims Stock Holdings in Brunswick Co. (NYSE:BC)

Inspire Investing LLC reduced its stake in Brunswick Co. (NYSE:BC) by 6.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,273 shares of the company’s stock after selling 272 shares during the period. Inspire Investing LLC’s holdings in Brunswick were worth $412,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in Brunswick during the fourth quarter worth about $28,000. Johnson Financial Group Inc. purchased a new stake in Brunswick during the fourth quarter worth about $30,000. Rise Advisors LLC increased its stake in Brunswick by 249.5% during the first quarter. Rise Advisors LLC now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 232 shares during the period. SRS Capital Advisors Inc. grew its position in shares of Brunswick by 347.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock worth $42,000 after buying an additional 337 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after buying an additional 437 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick Price Performance

NYSE:BC traded up $2.62 during trading hours on Tuesday, hitting $81.20. The company’s stock had a trading volume of 275,575 shares, compared to its average volume of 733,249. The business’s 50-day moving average is $76.80 and its two-hundred day moving average is $83.87. The company has a market capitalization of $5.49 billion, a PE ratio of 14.61 and a beta of 1.52. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.75 and a current ratio of 1.68. Brunswick Co. has a 52-week low of $66.47 and a 52-week high of $99.68.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.01). The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Brunswick had a return on equity of 25.37% and a net margin of 6.24%. The company’s revenue was down 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.57 EPS. As a group, research analysts anticipate that Brunswick Co. will post 7.26 EPS for the current fiscal year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, May 13th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, May 10th. Brunswick’s payout ratio is 31.23%.

Insiders Place Their Bets

In other news, VP Brenna Preisser sold 1,225 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $82.09, for a total value of $100,560.25. Following the transaction, the vice president now directly owns 58,076 shares in the company, valued at approximately $4,767,458.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Nancy E. Cooper sold 357 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $80.34, for a total transaction of $28,681.38. Following the sale, the director now directly owns 23,211 shares in the company, valued at approximately $1,864,771.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Brenna Preisser sold 1,225 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $82.09, for a total value of $100,560.25. Following the sale, the vice president now owns 58,076 shares in the company, valued at $4,767,458.84. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BC shares. Benchmark began coverage on Brunswick in a research report on Wednesday, May 22nd. They set a “buy” rating and a $100.00 price objective for the company. Stifel Nicolaus lowered their price target on Brunswick from $97.00 to $95.00 and set a “buy” rating for the company in a report on Friday. BNP Paribas reissued a “neutral” rating and issued a $82.00 price objective (down from $94.00) on shares of Brunswick in a report on Monday, April 15th. Roth Mkm reissued a “buy” rating and issued a $94.00 price objective on shares of Brunswick in a report on Thursday, April 25th. Finally, Morgan Stanley decreased their price objective on Brunswick from $91.00 to $86.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.31.

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.