Van Berkom & Associates Inc. Sells 105,616 Shares of Brunswick Co. (NYSE:BC)

Van Berkom & Associates Inc. lessened its stake in shares of Brunswick Co. (NYSE:BC) by 11.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 814,832 shares of the company’s stock after selling 105,616 shares during the period. Van Berkom & Associates Inc. owned 1.23% of Brunswick worth $52,703,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BC. Massachusetts Financial Services Co. MA increased its stake in shares of Brunswick by 17.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock worth $259,010,000 after purchasing an additional 452,116 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after buying an additional 102,780 shares during the period. Victory Capital Management Inc. increased its stake in Brunswick by 13.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock worth $118,563,000 after buying an additional 168,384 shares in the last quarter. Principal Financial Group Inc. increased its stake in Brunswick by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock worth $90,171,000 after buying an additional 28,781 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Brunswick by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 701,269 shares of the company’s stock valued at $58,780,000 after acquiring an additional 1,765 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Roth Mkm dropped their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 24th. B. Riley upgraded Brunswick to a “hold” rating in a research note on Wednesday, February 12th. Stifel Nicolaus reduced their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Citigroup dropped 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. Finally, DA Davidson reduced their price target on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.85.

Insiders Place Their Bets

In related news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction dated Monday, February 3rd. The shares were 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 of the company’s stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.81% of the stock is owned by insiders.

Brunswick Stock Down 0.9 %

Shares of NYSE BC opened at $64.09 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Brunswick Co. has a 12-month low of $62.64 and a 12-month high of $96.65. The firm’s 50-day moving average price is $66.58 and its 200-day moving average price is $75.23. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 33.73 and a beta of 1.54.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm earned $1.45 EPS. On average, equities research analysts anticipate that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 2.68%. Brunswick’s dividend payout ratio (DPR) is currently 88.42%.

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.