60,343 Shares in Brunswick Co. (NYSE:BC) Acquired by Magnetar Financial LLC

Magnetar Financial LLC acquired a new stake in Brunswick Co. (NYSE:BC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 60,343 shares of the company's stock, valued at approximately $3,903,000. Magnetar Financial LLC owned approximately 0.09% of Brunswick as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BC. Armstrong Advisory Group Inc. purchased a new position in Brunswick during the fourth quarter valued at $39,000. Financial Perspectives Inc purchased a new position in shares of Brunswick during the fourth quarter valued at about $42,000. Avior Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 612 shares during the last quarter. KBC Group NV lifted its position in shares of Brunswick by 21.7% in the third quarter. KBC Group NV now owns 2,025 shares of the company's stock worth $170,000 after buying an additional 361 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Brunswick in the third quarter worth about $313,000. Institutional investors own 99.34% of the company's stock.

Brunswick Trading Down 2.9 %

NYSE BC traded down $1.65 during trading on Tuesday, hitting $56.22. The stock had a trading volume of 721,726 shares, compared to its average volume of 677,933. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 29.59 and a beta of 1.54. The stock has a 50 day simple moving average of $63.27 and a 200 day simple moving average of $72.37. Brunswick Co. has a one year low of $54.97 and a one year high of $96.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

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Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data 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 quarter in the previous year, the company posted $1.45 earnings per share. Sell-side analysts predict that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The business also recently declared 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 is a boost from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.06%. Brunswick's dividend payout ratio is presently 90.53%.

Insider Buying and Selling

In related news, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares of the company's stock, valued at $1,686,632.43. This represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $28,426.45. Following the transaction, the director now 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 insiders.

Wall Street Analyst Weigh In

BC has been the topic of a number of research reports. Citigroup reduced their price objective on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird set a $90.00 price target on shares of Brunswick in a research report on Friday, January 31st. Roth Mkm lowered their price objective on shares of 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 dropped their price objective on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Finally, DA Davidson decreased their target price on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Brunswick presently has a consensus 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.