Congress Wealth Management LLC DE Has $265,000 Stock Holdings in Brunswick Co. (NYSE:BC)

Congress Wealth Management LLC DE reduced its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,096 shares of the company's stock after selling 4,685 shares during the quarter. Congress Wealth Management LLC DE's holdings in Brunswick were worth $265,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BC. Armstrong Advisory Group Inc. purchased a new stake in shares of Brunswick during the 4th quarter worth about $39,000. Financial Perspectives Inc bought a new position in Brunswick during the fourth quarter valued at approximately $42,000. KBC Group NV lifted its stake in Brunswick by 42.8% in the fourth quarter. KBC Group NV now owns 2,892 shares of the company's stock valued at $187,000 after acquiring an additional 867 shares during the last quarter. Stevens Capital Management LP bought a new stake in Brunswick in the fourth quarter worth approximately $203,000. Finally, Verdence Capital Advisors LLC acquired a new position in shares of Brunswick during the 4th quarter worth $273,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BC shares. Benchmark reduced their price objective on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Roth Mkm decreased their price target on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Truist Financial lowered their price objective on Brunswick from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Finally, Morgan Stanley increased their price target on Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Brunswick has an average rating of "Moderate Buy" and a consensus target price of $81.62.

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Brunswick Stock Performance

NYSE:BC traded down $7.56 during trading hours on Thursday, hitting $48.00. 1,816,212 shares of the company traded hands, compared to its average volume of 714,511. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Brunswick Co. has a twelve month low of $47.87 and a twelve month high of $95.38. The firm has a 50-day moving average of $61.13 and a 200 day moving average of $71.20. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 25.26 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $1.45 earnings per share. On average, analysts forecast that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.58%. This is an increase from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, February 24th. Brunswick's payout ratio is presently 90.53%.

Insider Activity

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

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.