Proficio Capital Partners LLC Acquires Shares of 43,712 Brunswick Co. (NYSE:BC)

Proficio Capital Partners LLC bought a new position in Brunswick Co. (NYSE:BC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 43,712 shares of the company's stock, valued at approximately $2,827,000. Proficio Capital Partners LLC owned about 0.07% of Brunswick as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its position in shares of Brunswick by 21.8% in the 3rd quarter. GSA Capital Partners LLP now owns 7,265 shares of the company's stock worth $609,000 after purchasing an additional 1,299 shares during the last quarter. KBC Group NV grew its stake in shares of Brunswick by 21.7% during the 3rd quarter. KBC Group NV now owns 2,025 shares of the company's stock valued at $170,000 after acquiring an additional 361 shares during the period. Natixis Advisors LLC grew its stake in shares of Brunswick by 10.9% during the 3rd quarter. Natixis Advisors LLC now owns 16,849 shares of the company's stock valued at $1,412,000 after acquiring an additional 1,652 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Brunswick by 0.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 537,285 shares of the company's stock valued at $45,035,000 after acquiring an additional 2,436 shares during the period. Finally, Pathstone Holdings LLC lifted its holdings in Brunswick by 7.5% in the 3rd quarter. Pathstone Holdings LLC now owns 28,984 shares of the company's stock worth $2,429,000 after purchasing an additional 2,030 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

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Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the transaction, the senior vice president now owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Morgan Stanley upped their price objective on Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. 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. Stifel Nicolaus cut their target price on Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Benchmark cut their target price on Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Finally, Robert W. Baird set a $90.00 target price on Brunswick in a research report on Friday, January 31st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Brunswick currently has a consensus rating of "Moderate Buy" and an average target price of $81.62.

Brunswick Stock Up 0.5 %

Shares of BC traded up $0.26 during midday trading on Friday, reaching $56.62. 1,244,040 shares of the stock were exchanged, compared to its average volume of 678,470. Brunswick Co. has a 52 week low of $54.97 and a 52 week 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 company's 50 day moving average is $63.40 and its two-hundred day moving average is $72.57. The company has a market capitalization of $3.73 billion, a P/E ratio of 29.80 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last issued 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 in the previous year, the company posted $1.45 earnings per share. On average, sell-side analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.43 per share. This is a boost from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Monday, February 24th. Brunswick's dividend payout ratio is 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.