Lightrock Netherlands B.V. Acquires Shares of 252,305 Brunswick Co. (NYSE:BC)

Lightrock Netherlands B.V. bought a new position in Brunswick Co. (NYSE:BC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 252,305 shares of the company's stock, valued at approximately $16,400,000. Brunswick makes up about 5.8% of Lightrock Netherlands B.V.'s holdings, making the stock its largest position. Lightrock Netherlands B.V. owned about 0.38% of Brunswick as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BC. Truist Financial Corp raised its holdings in shares of Brunswick by 9.2% during the second quarter. Truist Financial Corp now owns 9,244 shares of the company's stock valued at $673,000 after purchasing an additional 779 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Brunswick by 92.5% during the third quarter. GAMMA Investing LLC now owns 1,155 shares of the company's stock valued at $97,000 after purchasing an additional 555 shares during the last quarter. CWM LLC raised its holdings in shares of Brunswick by 21.6% during the third quarter. CWM LLC now owns 1,323 shares of the company's stock valued at $111,000 after purchasing an additional 235 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Brunswick by 2.8% during the third quarter. Inspire Investing LLC now owns 5,545 shares of the company's stock valued at $465,000 after purchasing an additional 153 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Brunswick during the third quarter valued at approximately $295,000. Institutional investors own 99.34% of the company's stock.

Insider Buying and Selling

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the transaction, the director now owns 25,361 shares in the company, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is owned by company insiders.

Brunswick Price Performance

Shares of BC traded up $0.57 during mid-day trading on Friday, reaching $65.55. The stock had a trading volume of 441,920 shares, compared to its average volume of 710,967. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 34.50 and a beta of 1.54. Brunswick Co. has a 12 month low of $62.64 and a 12 month high of $96.65. The business has a fifty day moving average of $67.50 and a 200 day moving average of $75.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, topping 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 quarter last year, the business earned $1.45 earnings per share. Equities analysts predict that Brunswick Co. will post 4.2 EPS for the current 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 given a dividend of $0.43 per share. This is a positive change from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date is Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.62%. Brunswick's dividend payout ratio is currently 88.42%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley upped their target price on shares of Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a report on Friday, January 31st. DA Davidson reduced their target price on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, January 22nd. Citigroup reduced their target price on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. Truist Financial reduced their target price on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, Roth Mkm reduced their target price 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 research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Brunswick has a consensus rating of "Moderate Buy" and an average 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.