9,000 Shares in Brunswick Co. (NYSE:BC) Bought by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC acquired a new position in shares of Brunswick Co. (NYSE:BC) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,000 shares of the company’s stock, valued at approximately $582,000.

Several other large investors have also recently added to or reduced their stakes in BC. Armstrong Advisory Group Inc. bought a new position in Brunswick during the fourth quarter worth $39,000. Financial Perspectives Inc bought a new position in Brunswick during the fourth quarter worth $42,000. Avior Wealth Management LLC lifted its stake in Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after purchasing an additional 612 shares during the last quarter. KBC Group NV lifted its stake in Brunswick by 21.7% in the third quarter. KBC Group NV now owns 2,025 shares of the company’s stock valued at $170,000 after buying an additional 361 shares during the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in Brunswick in the fourth quarter valued at $273,000. 99.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BC. Citigroup cut their target price on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Roth Mkm cut their target price 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 cut 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. Morgan Stanley lifted their price objective on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus cut their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.

Brunswick Price Performance

Shares of Brunswick stock opened at $57.66 on Friday. The stock has a market cap of $3.80 billion, a PE ratio of 30.35 and a beta of 1.54. Brunswick Co. has a 52 week low of $54.97 and a 52 week high of $96.65. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company’s 50-day moving average price is $64.33 and its two-hundred day moving average price is $73.51.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the business earned $1.45 earnings per share. As a group, sell-side analysts anticipate that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.43 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date was Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 2.98%. Brunswick’s dividend payout ratio is presently 90.53%.

Insiders Place Their Bets

In other news, Director Nancy E. Cooper sold 433 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

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.