Thompson Siegel & Walmsley LLC Acquires New Holdings in Brunswick Co. (NYSE:BC)

Thompson Siegel & Walmsley LLC acquired a new position in Brunswick Co. (NYSE:BC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,000 shares of the company's stock, valued at approximately $582,000.

A number of other institutional investors have also made changes to their positions in the business. Vestcor Inc lifted its position in shares of Brunswick by 207.6% in the fourth quarter. Vestcor Inc now owns 16,006 shares of the company's stock worth $1,035,000 after purchasing an additional 10,802 shares in the last quarter. Markel Group Inc. raised its position in Brunswick by 7.1% during the fourth quarter. Markel Group Inc. now owns 15,000 shares of the company's stock worth $970,000 after acquiring an additional 1,000 shares in the last quarter. Channing Capital Management LLC raised its position in Brunswick by 10.9% during the fourth quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company's stock worth $66,305,000 after acquiring an additional 100,412 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Brunswick by 82.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 21,285 shares of the company's stock worth $1,377,000 after acquiring an additional 9,595 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Brunswick by 20.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,587 shares of the company's stock worth $1,138,000 after acquiring an additional 2,956 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have issued reports on BC shares. Robert W. Baird set a $90.00 price target on shares of Brunswick in a research report on Friday, January 31st. Morgan Stanley upped their price target on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Truist Financial dropped their price target on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. DA Davidson decreased their price objective on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, January 22nd. Finally, Roth Mkm decreased their price objective on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Brunswick presently has a consensus rating of "Moderate Buy" and an average target price of $81.62.

Insider Transactions at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now owns 25,361 shares of the company's stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

Brunswick Stock Performance

Shares of BC stock traded down $0.35 on Wednesday, hitting $56.76. The company's stock had a trading volume of 766,313 shares, compared to its average volume of 679,934. 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 stock's 50 day moving average is $63.88 and its 200-day moving average is $72.96. Brunswick Co. has a fifty-two week low of $54.97 and a fifty-two week high of $96.65. The company has a market capitalization of $3.74 billion, a PE ratio of 29.87 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business earned $1.45 EPS. Equities research analysts expect that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.03%. This is a boost from Brunswick's previous quarterly dividend of $0.42. 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.