Aster Capital Management DIFC Ltd Acquires 10,707 Shares of Brunswick Co. (NYSE:BC)

Aster Capital Management DIFC Ltd grew its holdings in Brunswick Co. (NYSE:BC) by 1,735.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,324 shares of the company’s stock after purchasing an additional 10,707 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Brunswick were worth $732,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in Brunswick by 134.5% in the third quarter. BNP Paribas Financial Markets now owns 6,713 shares of the company’s stock valued at $563,000 after acquiring an additional 3,850 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Brunswick by 13.6% during the third quarter. Captrust Financial Advisors now owns 10,422 shares of the company’s stock worth $874,000 after buying an additional 1,247 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Brunswick by 1,120.5% in the 3rd quarter. Janus Henderson Group PLC now owns 354,631 shares of the company’s stock valued at $29,725,000 after acquiring an additional 325,574 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Brunswick by 224.1% during the 3rd quarter. Quantinno Capital Management LP now owns 29,256 shares of the company’s stock valued at $2,452,000 after acquiring an additional 20,230 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Brunswick by 3.6% during the 3rd quarter. Stifel Financial Corp now owns 50,114 shares of the company’s stock worth $4,201,000 after acquiring an additional 1,732 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the transaction, the director now directly owns 25,361 shares of the company’s stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Randall S. Altman sold 3,417 shares of Brunswick 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 completion of the sale, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. The trade was 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.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BC shares. Benchmark lowered their price objective on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 31st. DA Davidson decreased their price target on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Robert W. Baird reiterated a “neutral” rating and set a $56.00 price target (down previously from $90.00) on shares of Brunswick in a report on Friday. B. Riley upgraded Brunswick to a “hold” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley lifted their target price on Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Brunswick has a consensus rating of “Hold” and an average price target of $79.00.

Brunswick Stock Down 2.8 %

Shares of NYSE:BC opened at $46.60 on Friday. Brunswick Co. has a 1 year low of $42.83 and a 1 year high of $94.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The business’s 50-day moving average is $60.69 and its 200-day moving average is $70.89. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 24.53 and a beta of 1.42.

Brunswick (NYSE:BC) last issued 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 return on equity of 15.41% and a net margin of 2.48%. During the same period last year, the firm earned $1.45 EPS. Equities research analysts predict that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.69%. This is a boost from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is presently 90.53%.

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.