Brunswick Co. (NYSE:BC) Shares Purchased by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC raised its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 372.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,592 shares of the company's stock after buying an additional 17,815 shares during the period. Birch Hill Investment Advisors LLC's holdings in Brunswick were worth $1,461,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in shares of Brunswick by 17.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company's stock worth $259,010,000 after acquiring an additional 452,116 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company's stock worth $124,705,000 after buying an additional 102,780 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Brunswick by 13.5% in the third quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company's stock worth $118,563,000 after buying an additional 168,384 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Brunswick by 2.7% in the third quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company's stock worth $90,171,000 after buying an additional 28,781 shares during the last quarter. Finally, Copeland Capital Management LLC increased its position in Brunswick by 11.9% during the third quarter. Copeland Capital Management LLC now owns 949,094 shares of the company's stock worth $79,553,000 after acquiring an additional 101,123 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Brunswick Stock Down 2.6 %

Shares of NYSE:BC traded down $1.68 during trading on Wednesday, reaching $64.15. 497,682 shares of the stock were exchanged, compared to its average volume of 726,421. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. Brunswick Co. has a 1-year low of $62.64 and a 1-year high of $96.65. The stock has a fifty day moving average of $67.98 and a two-hundred day moving average of $75.84. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 33.76 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (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 quarter last year, the firm posted $1.45 earnings per share. Research analysts anticipate that Brunswick Co. will post 4.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related 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 transaction of $28,426.45. Following the transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. 0.81% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BC shares. Citigroup lowered their price target on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. B. Riley downgraded shares of Brunswick from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $95.00 to $88.00 in a research report on Tuesday, November 26th. Stifel Nicolaus cut their target price on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Morgan Stanley upped their target price on shares of Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, DA Davidson lowered their price target on Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.85.

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.