Grantham Mayo Van Otterloo & Co. LLC Sells 16,582 Shares of Brunswick Co. (NYSE:BC)

Grantham Mayo Van Otterloo & Co. LLC reduced its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 60.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,743 shares of the company's stock after selling 16,582 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Brunswick were worth $695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. acquired a new position in Brunswick during the 4th quarter valued at about $39,000. Financial Perspectives Inc purchased a new position in shares of Brunswick during the fourth quarter valued at approximately $42,000. KBC Group NV grew its holdings in Brunswick by 42.8% during the fourth quarter. KBC Group NV now owns 2,892 shares of the company's stock worth $187,000 after buying an additional 867 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Brunswick in the 4th quarter worth $203,000. Finally, Summit Financial LLC purchased a new stake in shares of Brunswick in the fourth quarter valued at about $262,000. Institutional investors own 99.34% of the company's stock.

Insider Activity at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the completion of the transaction, the senior vice president now directly owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Benchmark decreased their target price on Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Roth Mkm lowered their price objective on Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Baird R W downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. DA Davidson dropped their price target on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 22nd. Finally, B. Riley upgraded shares of Brunswick to a "hold" rating in a research note on Wednesday, February 12th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $77.08.

Brunswick Price Performance

Shares of Brunswick stock traded down $0.31 on Monday, hitting $43.93. 229,255 shares of the company traded hands, compared to its average volume of 922,525. Brunswick Co. has a 12-month low of $41.00 and a 12-month high of $87.81. The firm's 50-day simple moving average is $57.41 and its 200 day simple moving average is $69.04. The company has a market cap of $2.90 billion, a P/E ratio of 23.12 and a beta of 1.42. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping 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 firm earned $1.45 EPS. Analysts expect that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.43 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 3.92%. This is an increase from Brunswick's previous quarterly dividend of $0.42. Brunswick's payout ratio is currently 90.53%.

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.