C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New $2.21 Million Investment in Brunswick Co. (NYSE:BC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Brunswick Co. (NYSE:BC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 34,181 shares of the company’s stock, valued at approximately $2,211,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned 0.05% of Brunswick as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its stake in Brunswick by 17.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock valued at $259,010,000 after buying an additional 452,116 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock valued at $124,705,000 after acquiring an additional 102,780 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Brunswick by 13.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock valued at $118,563,000 after acquiring an additional 168,384 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Brunswick by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock valued at $90,171,000 after acquiring an additional 28,781 shares during the last quarter. Finally, Copeland Capital Management LLC grew its holdings in shares of Brunswick by 11.9% during the third quarter. Copeland Capital Management LLC now owns 949,094 shares of the company’s stock worth $79,553,000 after purchasing an additional 101,123 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on BC. Truist Financial lowered their target price on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Morgan Stanley raised their price objective on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Citigroup cut their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 28th. DA Davidson lowered their price target on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Finally, B. Riley lowered Brunswick from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $95.00 to $88.00 in a research note on Tuesday, November 26th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.85.

Brunswick Price Performance

Shares of Brunswick stock opened at $64.15 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. Brunswick Co. has a one year low of $62.64 and a one year high of $96.65. The business’s 50 day simple moving average is $67.98 and its two-hundred day simple moving average is $75.84. The stock has a market capitalization of $4.23 billion, a P/E ratio of 33.76 and a beta of 1.54.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $1.45 EPS. Analysts forecast that Brunswick Co. will post 4.2 EPS for the current year.

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.