Brunswick Co. (NYSE:BC) Shares Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC grew its holdings in shares of Brunswick Co. (NYSE:BC - Free Report) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,726 shares of the company's stock after buying an additional 8,598 shares during the quarter. Guggenheim Capital LLC owned 0.07% of Brunswick worth $3,022,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new stake in shares of Brunswick in the fourth quarter valued at $39,000. Financial Perspectives Inc purchased a new position in shares of Brunswick during the 4th quarter worth about $42,000. KBC Group NV raised its position in Brunswick by 42.8% in the 4th quarter. KBC Group NV now owns 2,892 shares of the company's stock worth $187,000 after purchasing an additional 867 shares during the period. Stevens Capital Management LP bought a new stake in Brunswick in the fourth quarter worth about $203,000. Finally, Sterling Capital Management LLC lifted its stake in Brunswick by 52.0% in the fourth quarter. Sterling Capital Management LLC now owns 4,001 shares of the company's stock worth $259,000 after purchasing an additional 1,369 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird reiterated a "neutral" rating and issued a $56.00 price target (down from $90.00) on shares of Brunswick in a report on Friday, April 4th. Benchmark reduced their target price on Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Truist Financial lowered their target price on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley raised their price target on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Finally, Citigroup lowered their price objective on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $76.67.

Insider Buying and Selling

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

Brunswick Stock Up 0.8 %

BC stock traded up $0.36 during trading on Wednesday, hitting $45.18. 1,944,020 shares of the company's stock traded hands, compared to its average volume of 764,023. The business has a fifty day simple moving average of $54.38 and a two-hundred day simple moving average of $67.25. 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 firm has a market capitalization of $2.98 billion, a P/E ratio of 23.78 and a beta of 1.42. Brunswick Co. has a 1 year low of $41.00 and a 1 year high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm posted $1.45 EPS. Sell-side analysts anticipate that Brunswick Co. will post 4.19 EPS for the current 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 given a $0.43 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.81%. This is an increase from Brunswick's previous quarterly dividend of $0.42. Brunswick's payout ratio is presently 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.