American Century Companies Inc. Acquires 41,583 Shares of Brunswick Co. (NYSE:BC)

American Century Companies Inc. grew its holdings in shares of Brunswick Co. (NYSE:BC - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,462,558 shares of the company's stock after buying an additional 41,583 shares during the period. American Century Companies Inc. owned approximately 2.22% of Brunswick worth $94,599,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Armstrong Advisory Group Inc. acquired a new position in Brunswick during the 4th quarter worth approximately $39,000. Financial Perspectives Inc bought a new stake in shares of Brunswick during the fourth quarter valued at approximately $42,000. Avior Wealth Management LLC raised its position in shares of Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock worth $56,000 after purchasing an additional 612 shares during the period. KBC Group NV lifted its holdings in shares of Brunswick by 42.8% in the 4th quarter. KBC Group NV now owns 2,892 shares of the company's stock worth $187,000 after purchasing an additional 867 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new stake in Brunswick in the 4th quarter valued at $273,000. Institutional investors and hedge funds own 99.34% of the company's stock.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the 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 completion of the sale, the director now owns 25,361 shares of the company's stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the 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 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 disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. 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. Citigroup lowered their price objective on Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Morgan Stanley lifted their target price on Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, B. Riley raised Brunswick to a "hold" rating in a research report on Wednesday, February 12th. 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.com, Brunswick presently has an average rating of "Moderate Buy" and an average price target of $81.62.

Brunswick Stock Performance

Shares of BC stock traded down $2.59 during trading hours on Friday, hitting $53.40. 1,345,237 shares of the company were exchanged, compared to its average volume of 705,439. 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 stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 28.11 and a beta of 1.54. The firm has a fifty day simple moving average of $62.35 and a 200 day simple moving average of $71.86. Brunswick Co. has a 52-week low of $51.78 and a 52-week high of $96.51.

Brunswick (NYSE:BC - Get Free Report) last released 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 prior year, the company earned $1.45 earnings per share. Research analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm 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. The ex-dividend date of this dividend was 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 yield of 3.22%. 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.