Moran Wealth Management LLC Sells 7,954 Shares of Brunswick Co. (NYSE:BC)

Moran Wealth Management LLC trimmed its position in Brunswick Co. (NYSE:BC - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 121,082 shares of the company's stock after selling 7,954 shares during the period. Moran Wealth Management LLC owned 0.18% of Brunswick worth $7,832,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Brunswick by 20.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,587 shares of the company's stock worth $1,138,000 after purchasing an additional 2,956 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Brunswick by 56.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,537 shares of the company's stock valued at $358,000 after buying an additional 1,992 shares during the period. Global Alpha Capital Management Ltd. raised its position in shares of Brunswick by 0.5% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 241,328 shares of the company's stock worth $15,609,000 after acquiring an additional 1,200 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Brunswick in the fourth quarter worth approximately $7,469,000. Finally, Ashton Thomas Private Wealth LLC lifted its stake in shares of Brunswick by 38.4% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 8,884 shares of the company's stock worth $575,000 after acquiring an additional 2,463 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

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Insider Buying and Selling

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction 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 transaction, the director now directly owns 25,361 shares of the company's stock, valued at $1,664,949.65. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction 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 currently owned by company insiders.

Brunswick Stock Up 2.6 %

NYSE:BC traded up $1.44 on Friday, hitting $57.66. The stock had a trading volume of 638,370 shares, compared to its average volume of 685,249. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. Brunswick Co. has a 52 week low of $54.97 and a 52 week high of $96.65. The business's fifty day moving average is $64.33 and its 200 day moving average is $73.51. The company has a market cap of $3.80 billion, a PE ratio of 30.35 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results 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 return on equity of 15.41% and a net margin of 2.48%. During the same period in the previous year, the company posted $1.45 EPS. On average, equities research analysts expect that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 2.98%. Brunswick's payout ratio is presently 90.53%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Benchmark lowered their price target on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a report on Friday, January 31st. DA Davidson decreased their price objective on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, January 22nd. Citigroup dropped their target price 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. Morgan Stanley increased their price target on Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Finally, Roth Mkm dropped their price objective on Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.62.

Brunswick 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.