Brunswick Co. (NYSE:BC) Shares Sold by Grandfield & Dodd LLC

Grandfield & Dodd LLC decreased its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 55.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,025 shares of the company's stock after selling 7,380 shares during the period. Grandfield & Dodd LLC's holdings in Brunswick were worth $390,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Levin Capital Strategies L.P. raised its stake in Brunswick by 5.5% in the 4th quarter. Levin Capital Strategies L.P. now owns 91,504 shares of the company's stock valued at $5,918,000 after purchasing an additional 4,809 shares during the last quarter. QRG Capital Management Inc. boosted its stake in Brunswick by 4.5% in the 4th quarter. QRG Capital Management Inc. now owns 20,288 shares of the company's stock worth $1,312,000 after buying an additional 879 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Brunswick in the 4th quarter valued at about $2,827,000. Bank of New York Mellon Corp increased its stake in shares of Brunswick by 16.7% during the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company's stock valued at $49,578,000 after acquiring an additional 109,728 shares during the last quarter. Finally, Skylands Capital LLC boosted its position in shares of Brunswick by 38.5% in the fourth quarter. Skylands Capital LLC now owns 21,575 shares of the company's stock worth $1,395,000 after acquiring an additional 6,000 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BC. DA Davidson dropped their price target 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. Truist Financial decreased their price objective on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Benchmark cut their target price on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Robert W. Baird set a $90.00 price target on shares of Brunswick in a research report on Friday, January 31st. Finally, Morgan Stanley raised their price objective on Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $81.62.

Insiders Place Their Bets

In other news, Director Nancy E. Cooper sold 433 shares of the firm'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 approximately $1,664,949.65. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of Brunswick 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 transaction, the senior vice president now directly owns 26,683 shares of the company's stock, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Brunswick Stock Down 3.1 %

Shares of BC traded down $1.89 during trading on Monday, reaching $58.96. The company's stock had a trading volume of 872,010 shares, compared to its average volume of 673,311. Brunswick Co. has a twelve month low of $58.66 and a twelve month high of $96.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 31.03 and a beta of 1.54. The company has a fifty day moving average of $65.53 and a two-hundred day moving average of $74.57.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly 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 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 EPS. On average, sell-side analysts predict that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.43 per share. The ex-dividend date is Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 2.92%. This is a boost from Brunswick's previous quarterly dividend of $0.42. Brunswick's dividend payout ratio is presently 90.53%.

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.