6,120 Shares in Brunswick Co. (NYSE:BC) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in shares of Brunswick Co. (NYSE:BC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,120 shares of the company's stock, valued at approximately $396,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Brunswick during the 4th quarter worth $30,097,000. JPMorgan Chase & Co. lifted its position in shares of Brunswick by 18.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock worth $113,655,000 after purchasing an additional 269,413 shares during the last quarter. Stevens Capital Management LP acquired a new position in Brunswick in the fourth quarter worth about $203,000. KLP Kapitalforvaltning AS bought a new stake in Brunswick in the fourth quarter valued at about $886,000. Finally, AXQ Capital LP acquired a new stake in Brunswick during the fourth quarter valued at approximately $1,006,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Stock Performance

BC stock traded down $1.33 on Friday, reaching $46.60. The company's stock had a trading volume of 2,983,522 shares, compared to its average volume of 723,515. Brunswick Co. has a 52 week low of $42.87 and a 52 week high of $95.38. 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 capitalization of $3.07 billion, a P/E ratio of 24.53 and a beta of 1.54. The firm has a fifty day moving average of $61.13 and a two-hundred day moving average of $71.20.

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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 period in the previous year, the business earned $1.45 earnings per share. As a group, analysts predict that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.69%. This is an increase from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date was Monday, February 24th. Brunswick's payout ratio is 90.53%.

Insider Transactions at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction 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 transaction, the senior vice president now directly owns 26,683 shares in the company, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy E. Cooper sold 433 shares of the company's stock in a transaction on Monday, February 3rd. The shares were 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. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

Analyst Upgrades and Downgrades

BC has been the subject of several research reports. Roth Mkm decreased their target price on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Citigroup lowered their target price on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. B. Riley upgraded shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Morgan Stanley boosted their price objective on shares of Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. Finally, DA Davidson cut their target price on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, January 22nd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $79.00.

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.