Shell Asset Management Co. Sells 143 Shares of Brunswick Co. (NYSE:BC)

Shell Asset Management Co. reduced its stake in shares of Brunswick Co. (NYSE:BC) by 3.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,020 shares of the company’s stock after selling 143 shares during the period. Shell Asset Management Co.’s holdings in Brunswick were worth $388,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Principal Securities Inc. bought a new stake in Brunswick in the fourth quarter worth $28,000. Johnson Financial Group Inc. bought a new stake in Brunswick in the fourth quarter worth $30,000. Rise Advisors LLC increased its position in shares of Brunswick by 249.5% in the first quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after acquiring an additional 232 shares during the period. SRS Capital Advisors Inc. increased its position in shares of Brunswick by 347.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 434 shares of the company’s stock valued at $42,000 after acquiring an additional 337 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Brunswick by 43,700.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after acquiring an additional 437 shares during the period. 99.34% of the stock is owned by institutional investors.

Brunswick Trading Up 1.2 %

Shares of NYSE BC opened at $80.00 on Friday. The company has a market cap of $5.41 billion, a PE ratio of 14.87 and a beta of 1.52. The firm’s 50 day moving average price is $76.11 and its 200-day moving average price is $83.13. Brunswick Co. has a 52-week low of $66.47 and a 52-week high of $99.68. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.75 and a current ratio of 1.70.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.10). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.55 billion. Brunswick had a net margin of 5.92% and a return on equity of 23.46%. The firm’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter last year, the company earned $2.35 EPS. On average, equities research analysts expect that Brunswick Co. will post 5.25 EPS for the current fiscal year.

Brunswick Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, August 21st will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.68 dividend on an annualized basis and a yield of 2.10%. Brunswick’s dividend payout ratio (DPR) is 31.23%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and set a $70.00 price target (down previously from $115.00) on shares of Brunswick in a research report on Friday. BNP Paribas reiterated a “neutral” rating and set a $82.00 price target (down previously from $94.00) on shares of Brunswick in a research report on Monday, April 15th. Benchmark reiterated a “buy” rating and set a $100.00 price target on shares of Brunswick in a research report on Friday. Roth Mkm reiterated a “buy” rating and set a $94.00 price target on shares of Brunswick in a research report on Thursday. Finally, Truist Financial reduced their price target on shares of Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.57.

Insider Activity at Brunswick

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

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.