C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in Brunswick Co. (NYSE:BC)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Brunswick Co. (NYSE:BC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,181 shares of the company's stock, valued at approximately $2,211,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors owned 0.05% of Brunswick at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BC. CWM LLC raised its stake in shares of Brunswick by 21.6% in the 3rd quarter. CWM LLC now owns 1,323 shares of the company's stock valued at $111,000 after acquiring an additional 235 shares during the period. Creative Planning purchased a new position in shares of Brunswick in the 3rd quarter valued at $295,000. V Square Quantitative Management LLC purchased a new position in shares of Brunswick in the 3rd quarter valued at $26,000. Copeland Capital Management LLC raised its stake in shares of Brunswick by 11.9% in the 3rd quarter. Copeland Capital Management LLC now owns 949,094 shares of the company's stock valued at $79,553,000 after acquiring an additional 101,123 shares during the period. Finally, Tectonic Advisors LLC grew its holdings in Brunswick by 3.4% during the 3rd quarter. Tectonic Advisors LLC now owns 14,933 shares of the company's stock valued at $1,252,000 after purchasing an additional 488 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BC. Citigroup lowered their price target on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus lowered their price target on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Truist Financial lowered their price target on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Robert W. Baird set a $90.00 price target on shares of Brunswick in a report on Friday, January 31st. Finally, Morgan Stanley raised their price target on shares of Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $81.62.

Insider Transactions at Brunswick

In related news, Director Nancy E. Cooper sold 433 shares of Brunswick 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 sale, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.81% of the company's stock.

Brunswick Stock Performance

Shares of Brunswick stock traded down $1.21 during trading hours on Friday, reaching $62.81. The company's stock had a trading volume of 510,876 shares, compared to its average volume of 779,103. The company's 50 day simple moving average is $66.37 and its 200 day simple moving average is $75.14. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. Brunswick Co. has a one year low of $62.33 and a one year high of $96.65. The stock has a market cap of $4.14 billion, a P/E ratio of 33.06 and a beta of 1.54.

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, topping analysts' consensus estimates 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 prior year, the company posted $1.45 EPS. As a group, analysts expect that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be given a $0.43 dividend. This is an increase from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Monday, February 24th. Brunswick's dividend payout ratio (DPR) is presently 88.42%.

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.