LSV Asset Management Sells 6,300 Shares of Brunswick Co. (NYSE:BC)

LSV Asset Management reduced its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 408,908 shares of the company's stock after selling 6,300 shares during the period. LSV Asset Management owned about 0.62% of Brunswick worth $26,448,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in Brunswick by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company's stock valued at $638,000 after purchasing an additional 190 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Brunswick by 5.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the company's stock worth $316,000 after buying an additional 236 shares during the period. Xponance Inc. raised its stake in Brunswick by 4.9% during the fourth quarter. Xponance Inc. now owns 7,617 shares of the company's stock valued at $493,000 after buying an additional 359 shares during the last quarter. Hunter Associates Investment Management LLC grew its holdings in shares of Brunswick by 2.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company's stock valued at $1,170,000 after buying an additional 447 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Brunswick by 11.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,431 shares of the company's stock worth $351,000 after buying an additional 572 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Brunswick Stock Performance

Shares of BC stock traded up $0.64 during midday trading on Thursday, hitting $43.98. The company had a trading volume of 376,778 shares, compared to its average volume of 752,692. Brunswick Co. has a 52-week low of $41.00 and a 52-week high of $87.65. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 23.12 and a beta of 1.42. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The company's 50 day simple moving average is $56.08 and its 200 day simple moving average is $68.41.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data 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 return on equity of 15.41% and a net margin of 2.48%. During the same period in the prior year, the company posted $1.45 earnings per share. Research analysts anticipate 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. Stockholders of record on Monday, February 24th were given a $0.43 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 3.91%. This is a positive change from Brunswick's previous quarterly dividend of $0.42. Brunswick's dividend payout ratio is presently 90.53%.

Insiders Place Their Bets

In related news, 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 value 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nancy E. Cooper sold 433 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the sale, the director now owns 25,361 shares in the company, valued at $1,664,949.65. This trade represents a 1.68 % 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 insiders.

Wall Street Analyst Weigh In

BC has been the topic of several analyst reports. Truist Financial lowered their price target on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating on the stock in a report on Monday. Roth Mkm decreased their target price on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Robert W. Baird restated a "neutral" rating and set a $56.00 target price (down previously from $90.00) on shares of Brunswick in a research report on Friday, April 4th. DA Davidson upgraded Brunswick to a "hold" rating in a report on Monday. Finally, Baird R W downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Brunswick currently has a consensus rating of "Hold" and an average price target of $76.67.

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.