Daiwa Securities Group Inc. Has $1.38 Million Holdings in Brunswick Co. (NYSE:BC)

Daiwa Securities Group Inc. boosted its holdings in shares of Brunswick Co. (NYSE:BC - Free Report) by 82.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,285 shares of the company's stock after purchasing an additional 9,595 shares during the period. Daiwa Securities Group Inc.'s holdings in Brunswick were worth $1,377,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its holdings in Brunswick by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company's stock worth $638,000 after purchasing an additional 190 shares during the period. Wealth Enhancement Advisory Services LLC increased 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 valued at $316,000 after buying an additional 236 shares in the last quarter. KBC Group NV raised its stake in Brunswick by 21.7% during the 3rd quarter. KBC Group NV now owns 2,025 shares of the company's stock worth $170,000 after buying an additional 361 shares during the period. Hunter Associates Investment Management LLC lifted its holdings in Brunswick by 2.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company's stock worth $1,170,000 after acquiring an additional 447 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Brunswick by 2.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 24,190 shares of the company's stock valued at $2,028,000 after acquiring an additional 551 shares during the period. Institutional investors own 99.34% of the company's stock.

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Analyst Ratings Changes

A number of research firms have recently commented on BC. Benchmark dropped their price target on Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Citigroup dropped their target price on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. B. Riley raised shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Roth Mkm dropped their price objective on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Finally, Truist Financial reduced their target price 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. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Brunswick currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.62.

Brunswick Stock Down 0.6 %

Shares of NYSE:BC traded down $0.35 during midday trading on Wednesday, reaching $56.76. The company had a trading volume of 580,452 shares, compared to its average volume of 763,108. The business's 50 day moving average price is $63.88 and its 200 day moving average price is $72.96. Brunswick Co. has a 1-year low of $54.97 and a 1-year 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 stock has a market cap of $3.74 billion, a PE ratio of 29.87 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 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 quarter in the previous year, the company posted $1.45 EPS. Research analysts forecast 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 was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend 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 dividend yield of 3.03%. Brunswick's payout ratio is currently 90.53%.

Insider Activity

In other news, Director Nancy E. Cooper sold 433 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was 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 in the company, valued at $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

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.