Edgestream Partners L.P. Buys New Position in Brunswick Co. (NYSE:BC)

Edgestream Partners L.P. acquired a new stake in Brunswick Co. (NYSE:BC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 115,479 shares of the company's stock, valued at approximately $7,469,000. Edgestream Partners L.P. owned about 0.18% of Brunswick as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BC. Armstrong Advisory Group Inc. acquired a new position in shares of Brunswick during the 4th quarter worth approximately $39,000. Financial Perspectives Inc acquired a new position in Brunswick during the fourth quarter worth $42,000. Avior Wealth Management LLC grew its holdings in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock valued at $56,000 after buying an additional 612 shares in the last quarter. Covestor Ltd grew its holdings in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company's stock valued at $81,000 after buying an additional 843 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Brunswick by 21.7% in the 3rd quarter. KBC Group NV now owns 2,025 shares of the company's stock worth $170,000 after acquiring an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analysts Set New Price Targets

BC has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price objective 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. 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 note on Wednesday, January 22nd. Roth Mkm cut their price target on shares of Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a report on Friday, January 24th. Morgan Stanley upped their price objective on Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. Finally, Robert W. Baird set a $90.00 target price on Brunswick in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Brunswick currently has an average rating of "Moderate Buy" and an average price target of $81.62.

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Brunswick Trading Down 2.2 %

Brunswick stock traded down $1.29 during midday trading on Tuesday, reaching $57.41. 893,275 shares of the stock traded hands, compared to its average volume of 683,546. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market cap of $3.78 billion, a PE ratio of 30.21 and a beta of 1.54. The company has a 50-day simple moving average of $64.90 and a two-hundred day simple moving average of $74.04. Brunswick Co. has a 12-month low of $55.40 and a 12-month high of $96.65.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating 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 previous year, the company earned $1.45 earnings per share. Research analysts expect that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 3.00%. Brunswick's dividend payout ratio (DPR) is 90.53%.

Insider Buying and Selling

In other news, SVP Randall S. Altman sold 3,417 shares of the firm's stock in a transaction on 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $28,426.45. Following the transaction, the director now owns 25,361 shares of the company's stock, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

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.