Levin Capital Strategies L.P. Purchases 4,809 Shares of Brunswick Co. (NYSE:BC)

Levin Capital Strategies L.P. increased its position in Brunswick Co. (NYSE:BC - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,504 shares of the company's stock after buying an additional 4,809 shares during the quarter. Levin Capital Strategies L.P. owned about 0.14% of Brunswick worth $5,918,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Armstrong Advisory Group Inc. purchased a new stake in shares of Brunswick during the fourth quarter valued at $39,000. Financial Perspectives Inc acquired a new stake in shares of Brunswick during the fourth quarter valued at approximately $42,000. Avior Wealth Management LLC lifted its position in shares of 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 acquiring an additional 612 shares in the last quarter. Covestor Ltd boosted its stake in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company's stock worth $81,000 after purchasing an additional 843 shares during the period. Finally, KBC Group NV grew its position 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 purchasing an additional 361 shares in the last quarter. Institutional investors own 99.34% of the company's stock.

Brunswick Stock Down 3.1 %

NYSE:BC traded down $1.89 during trading hours on Monday, reaching $58.96. The company's stock had a trading volume of 872,010 shares, compared to its average volume of 673,272. Brunswick Co. has a one year low of $58.61 and a one year high of $96.65. The business's 50-day moving average is $65.53 and its 200-day moving average is $74.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 31.03 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last released 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 in the prior year, the firm posted $1.45 earnings per share. Equities research analysts predict that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be paid a $0.43 dividend. The ex-dividend date 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 2.92%. Brunswick's dividend payout ratio (DPR) is presently 90.53%.

Insider Buying and Selling

In other news, SVP Randall S. Altman sold 3,417 shares of the company's 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 transaction, the senior vice president now directly owns 26,683 shares in the company, valued at $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy E. Cooper sold 433 shares of the firm'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 completion of the sale, the director now owns 25,361 shares in the company, 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. Insiders own 0.81% of the company's stock.

Wall Street Analysts Forecast Growth

BC has been the subject of a number of research analyst reports. Citigroup reduced their target price on Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus reduced their price objective on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. DA Davidson lowered their target price on Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 22nd. Benchmark reduced their price target on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Roth Mkm decreased 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $81.62.

About Brunswick

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.