Mitsubishi UFJ Trust & Banking Corp Sells 6,114 Shares of Brunswick Co. (NYSE:BC)

Mitsubishi UFJ Trust & Banking Corp cut its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,709 shares of the company's stock after selling 6,114 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.13% of Brunswick worth $5,673,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BC. Armstrong Advisory Group Inc. bought a new position in Brunswick during the fourth quarter worth $39,000. Financial Perspectives Inc acquired a new stake in shares of Brunswick during the 4th quarter worth about $42,000. KBC Group NV boosted its holdings in shares of Brunswick by 42.8% during the 4th quarter. KBC Group NV now owns 2,892 shares of the company's stock worth $187,000 after buying an additional 867 shares during the period. Stevens Capital Management LP acquired a new position in Brunswick in the 4th quarter valued at about $203,000. Finally, Verdence Capital Advisors LLC bought a new position in Brunswick in the 4th quarter valued at about $273,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the firm's stock in a transaction on 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 $1,686,632.43. This trade represents a 11.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nancy E. Cooper sold 433 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now owns 25,361 shares in the company, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

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Brunswick Price Performance

Shares of NYSE:BC traded down $1.33 during midday trading on Friday, hitting $46.60. The stock had a trading volume of 2,983,522 shares, compared to its average volume of 721,848. The company's 50-day moving average price is $60.69 and its 200-day moving average price is $70.97. Brunswick Co. has a fifty-two week low of $42.87 and a fifty-two week high of $94.70. 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 capitalization of $3.07 billion, a P/E ratio of 24.53 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.24 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 quarter in the prior year, the company earned $1.45 earnings per share. As a group, equities research analysts predict that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.43 dividend. The ex-dividend date was Monday, February 24th. This is a positive change from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.69%. Brunswick's dividend payout ratio (DPR) is 90.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Citigroup decreased their target price on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Robert W. Baird reaffirmed a "neutral" rating and issued a $56.00 price objective (down from $90.00) on shares of Brunswick in a report on Friday. Roth Mkm dropped their target price on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 24th. Stifel Nicolaus decreased their price target 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. Finally, Morgan Stanley raised their price target on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $79.00.

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.