Farther Finance Advisors LLC Reduces Stock Position in Brunswick Co. (NYSE:BC)

Farther Finance Advisors LLC reduced its stake in Brunswick Co. (NYSE:BC) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,627 shares of the company’s stock after selling 208 shares during the period. Farther Finance Advisors LLC’s holdings in Brunswick were worth $235,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BC. GSA Capital Partners LLP raised its stake in Brunswick by 21.8% in the third quarter. GSA Capital Partners LLP now owns 7,265 shares of the company’s stock worth $609,000 after buying an additional 1,299 shares in the last quarter. KBC Group NV raised its stake in Brunswick by 21.7% in the third quarter. KBC Group NV now owns 2,025 shares of the company’s stock worth $170,000 after buying an additional 361 shares in the last quarter. Natixis Advisors LLC raised its stake in Brunswick by 10.9% in the third quarter. Natixis Advisors LLC now owns 16,849 shares of the company’s stock worth $1,412,000 after buying an additional 1,652 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Brunswick by 0.5% in the third quarter. Thrivent Financial for Lutherans now owns 537,285 shares of the company’s stock worth $45,035,000 after buying an additional 2,436 shares in the last quarter. Finally, Pathstone Holdings LLC raised its stake in Brunswick by 7.5% in the third quarter. Pathstone Holdings LLC now owns 28,984 shares of the company’s stock worth $2,429,000 after buying an additional 2,030 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BC shares. Morgan Stanley increased their price target on shares of Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. DA Davidson decreased their target price on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Citigroup decreased their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Stifel Nicolaus decreased their target price on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Benchmark decreased their target price on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Six investment 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, Brunswick presently has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Insider Buying and Selling

In other news, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction on Monday, February 3rd. The shares were 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 in the company, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by corporate insiders.

Brunswick Trading Down 3.6 %

Shares of BC stock opened at $57.11 on Wednesday. Brunswick Co. has a 12-month low of $54.97 and a 12-month high of $96.65. 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’s 50 day moving average is $63.88 and its 200 day moving average is $72.96. The stock has a market capitalization of $3.76 billion, a P/E ratio of 30.06 and a beta of 1.54.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (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 previous year, the company earned $1.45 EPS. Research analysts expect that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were issued a $0.43 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 3.01%. This is a boost from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio (DPR) is currently 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.