Brunswick Co. (NYSE:BC) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 91.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,193 shares of the company's stock after selling 33,741 shares during the period. Quantbot Technologies LP's holdings in Brunswick were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Armstrong Advisory Group Inc. purchased a new position in Brunswick in the 4th quarter valued at $39,000. Financial Perspectives Inc purchased a new position in shares of Brunswick in the fourth quarter worth about $42,000. KBC Group NV boosted its position in Brunswick by 42.8% during the fourth quarter. KBC Group NV now owns 2,892 shares of the company's stock worth $187,000 after acquiring an additional 867 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Brunswick during the 3rd quarter valued at about $313,000. Finally, Verdence Capital Advisors LLC purchased a new stake in Brunswick during the 4th quarter valued at about $273,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Trading Up 3.2 %

Shares of BC traded up $1.74 during trading on Wednesday, reaching $55.67. 607,361 shares of the company traded hands, compared to its average volume of 710,073. The stock has a 50-day simple moving average of $61.53 and a 200-day simple moving average of $71.36. The stock has a market cap of $3.67 billion, a PE ratio of 29.30 and a beta of 1.54. Brunswick Co. has a twelve month low of $52.12 and a twelve month high of $95.38. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

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Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted $1.45 earnings per share. On average, analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid 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 of this dividend was Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 3.09%. Brunswick's dividend payout ratio is presently 90.53%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BC shares. Robert W. Baird set a $90.00 target price on Brunswick in a report on Friday, January 31st. Morgan Stanley boosted their price objective on Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Truist Financial dropped their target price on Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. DA Davidson reduced their price target on Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, January 22nd. Finally, Citigroup dropped their price objective 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. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.62.

Insider Activity at Brunswick

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares in the company, valued at $1,686,632.43. This represents a 11.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy E. Cooper sold 433 shares of the business'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 transaction, 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. 0.81% of the stock is currently owned by company insiders.

Brunswick Company 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.