Brunswick Co. (NYSE:BC) Holdings Lifted by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd grew its position in Brunswick Co. (NYSE:BC) by 14,566.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 440 shares of the company’s stock after buying an additional 437 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Brunswick were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Brunswick in the 4th quarter worth about $52,000. Foster & Motley Inc. bought a new position in shares of Brunswick in the fourth quarter valued at approximately $727,000. Jennison Associates LLC increased its stake in shares of Brunswick by 71.0% during the fourth quarter. Jennison Associates LLC now owns 806,396 shares of the company’s stock valued at $78,019,000 after acquiring an additional 334,851 shares during the period. Duality Advisers LP increased its stake in shares of Brunswick by 106.3% during the fourth quarter. Duality Advisers LP now owns 8,409 shares of the company’s stock valued at $814,000 after acquiring an additional 4,332 shares during the period. Finally, Hunter Associates Investment Management LLC increased its stake in shares of Brunswick by 10.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 9,106 shares of the company’s stock valued at $880,000 after acquiring an additional 862 shares during the period. Institutional investors own 99.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on BC shares. B. Riley upgraded shares of Brunswick from a “neutral” rating to a “buy” rating and raised their price objective for the company from $100.00 to $108.00 in a research note on Tuesday, February 20th. Roth Mkm reiterated a “buy” rating and set a $94.00 price objective on shares of Brunswick in a research note on Thursday. Stifel Nicolaus raised their price objective on shares of Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. BNP Paribas reiterated a “neutral” rating and set a $82.00 price objective (down previously from $94.00) on shares of Brunswick in a research note on Monday, April 15th. Finally, Truist Financial lowered their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Brunswick currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

Insider Buying and Selling

In related news, VP Christopher F. Dekker sold 6,234 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $84.53, for a total value of $526,960.02. Following the completion of the transaction, the vice president now owns 35,176 shares of the company’s stock, valued at approximately $2,973,427.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Brunswick news, EVP John G. Buelow sold 2,426 shares of Brunswick stock in a transaction on Friday, February 16th. The shares were sold at an average price of $87.12, for a total transaction of $211,353.12. Following the completion of the sale, the executive vice president now owns 14,199 shares of the company’s stock, valued at approximately $1,237,016.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction on Friday, February 9th. The shares were sold at an average price of $84.53, for a total transaction of $526,960.02. Following the sale, the vice president now directly owns 35,176 shares of the company’s stock, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 52,696 shares of company stock valued at $4,574,199. Company insiders own 0.81% of the company’s stock.

Brunswick Trading Up 1.3 %

Shares of NYSE:BC opened at $81.05 on Friday. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 13.62 and a beta of 1.56. Brunswick Co. has a 1-year low of $66.47 and a 1-year high of $99.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43. The company has a 50 day moving average price of $89.13 and a 200 day moving average price of $84.77.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, April 25th. The company reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.01). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The company’s quarterly revenue was down 21.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.57 earnings per share. On average, research analysts anticipate that Brunswick Co. will post 7.5 EPS for the current fiscal year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were paid a $0.42 dividend. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, February 23rd. This represents a $1.68 dividend on an annualized basis and a yield of 2.07%. Brunswick’s dividend payout ratio (DPR) is currently 28.24%.

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.