Janney Montgomery Scott LLC Trims Holdings in Brunswick Co. (NYSE:BC)

Janney Montgomery Scott LLC reduced its holdings in shares of Brunswick Co. (NYSE:BC - Free Report) by 67.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,291 shares of the company's stock after selling 6,819 shares during the quarter. Janney Montgomery Scott LLC's holdings in Brunswick were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in Brunswick in the third quarter worth $26,000. Armstrong Advisory Group Inc. purchased a new stake in Brunswick in the fourth quarter worth $39,000. Avior Wealth Management LLC increased its position in Brunswick by 1,073.7% in the third quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock worth $56,000 after buying an additional 612 shares during the last quarter. Covestor Ltd increased its position in Brunswick by 669.0% in the third quarter. Covestor Ltd now owns 969 shares of the company's stock worth $81,000 after buying an additional 843 shares during the last quarter. Finally, CWM LLC increased its position in Brunswick by 21.6% in the third quarter. CWM LLC now owns 1,323 shares of the company's stock worth $111,000 after buying an additional 235 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Nancy E. Cooper sold 433 shares of the business'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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.81% of the company's stock.

Brunswick Price Performance

Brunswick stock traded up $0.57 during midday trading on Friday, hitting $65.55. 441,920 shares of the company's stock were exchanged, compared to its average volume of 744,441. Brunswick Co. has a 52-week low of $62.64 and a 52-week high of $96.65. The stock has a 50-day moving average price of $67.50 and a two-hundred day moving average price of $75.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The company has a market cap of $4.32 billion, a P/E ratio of 34.50 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company earned $1.45 earnings per share. On average, equities research analysts forecast that Brunswick Co. will post 4.2 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.43 per share. The ex-dividend date is Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 2.62%. This is a positive change from Brunswick's previous quarterly dividend of $0.42. Brunswick's payout ratio is 88.42%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BC. Stifel Nicolaus decreased their target price on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Benchmark reduced their price target 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 reduced their price target on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Truist Financial reduced their price target on Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Finally, B. Riley upgraded Brunswick to a "hold" rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Brunswick has an average rating of "Moderate Buy" and a consensus price target of $81.85.

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.