Victory Capital Management Inc. Decreases Stock Holdings in Brunswick Co. (NYSE:BC)

Victory Capital Management Inc. trimmed its holdings in Brunswick Co. (NYSE:BC) by 21.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,117,260 shares of the company’s stock after selling 297,230 shares during the quarter. Victory Capital Management Inc. owned about 1.69% of Brunswick worth $72,264,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Brunswick by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company’s stock worth $46,269,000 after buying an additional 14,089 shares during the last quarter. Levin Capital Strategies L.P. increased its holdings in shares of Brunswick by 5.5% during the 4th quarter. Levin Capital Strategies L.P. now owns 91,504 shares of the company’s stock worth $5,918,000 after buying an additional 4,809 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Brunswick by 4.5% during the 4th quarter. QRG Capital Management Inc. now owns 20,288 shares of the company’s stock worth $1,312,000 after buying an additional 879 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Brunswick during the 4th quarter worth approximately $2,827,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Brunswick by 16.7% during the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock worth $49,578,000 after buying an additional 109,728 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Stock Up 1.1 %

Brunswick stock opened at $58.56 on Friday. Brunswick Co. has a twelve month low of $55.40 and a twelve month high of $96.65. The stock’s fifty day simple moving average is $65.16 and its 200-day simple moving average is $74.30. 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 firm has a market capitalization of $3.86 billion, a P/E ratio of 30.82 and a beta of 1.54.

Brunswick (NYSE:BC) last posted its quarterly earnings data 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 return on equity of 15.41% and a net margin of 2.48%. During the same quarter last year, the company earned $1.45 EPS. As a group, equities analysts expect that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be paid a dividend of $0.43 per share. The ex-dividend date is Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s payout ratio is presently 90.53%.

Insider Buying and Selling

In related news, SVP Randall S. Altman sold 3,417 shares of the business’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 completion of the transaction, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction 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 owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

BC has been the subject of a number of recent analyst reports. B. Riley upgraded shares of Brunswick to a “hold” rating in a report on Wednesday, February 12th. Robert W. Baird set a $90.00 price target on shares of Brunswick in a report on Friday, January 31st. DA Davidson dropped their target price on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, January 22nd. 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 report on Friday, January 24th. Finally, Truist Financial cut their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Brunswick currently has an average rating of “Moderate Buy” and an average target price of $81.62.

Brunswick 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.