Brunswick Co. (NYSE:BC) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its holdings in Brunswick Co. (NYSE:BC) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,462,558 shares of the company’s stock after purchasing an additional 41,583 shares during the quarter. American Century Companies Inc. owned 2.22% of Brunswick worth $94,599,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC raised its position in shares of Brunswick by 10.9% during the 3rd quarter. Natixis Advisors LLC now owns 16,849 shares of the company’s stock worth $1,412,000 after purchasing an additional 1,652 shares during the last quarter. Pathstone Holdings LLC increased its stake in Brunswick by 7.5% during the 3rd 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. Avior Wealth Management LLC raised its holdings in shares of Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Brunswick in the third quarter valued at approximately $330,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Brunswick by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 701,269 shares of the company’s stock worth $58,780,000 after acquiring an additional 1,765 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Stock Up 2.2 %

BC stock opened at $57.87 on Tuesday. The firm’s 50 day moving average price is $63.27 and its 200-day moving average price is $72.37. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The firm has a market cap of $3.81 billion, a PE ratio of 30.46 and a beta of 1.54. Brunswick Co. has a one year low of $54.97 and a one year high of $96.65.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate 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 period last year, the firm posted $1.45 EPS. On average, equities research analysts anticipate that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.97%. The ex-dividend date was Monday, February 24th. This is a boost from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio (DPR) is currently 90.53%.

Analyst Ratings Changes

A number of research analysts have weighed in on BC shares. DA Davidson decreased their price objective on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. B. Riley raised shares of Brunswick to a “hold” rating in a research note on Wednesday, February 12th. Robert W. Baird set a $90.00 price objective on shares of Brunswick in a research note on Friday, January 31st. Citigroup decreased their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Finally, Truist Financial lowered their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.

Insider Activity at Brunswick

In related news, Director Nancy E. Cooper sold 433 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares of the company’s stock, valued at approximately $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 owned by corporate 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.