Royce & Associates LP Has $33.43 Million Stake in Brunswick Co. (NYSE:BC)

Royce & Associates LP lessened its stake in Brunswick Co. (NYSE:BC - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 516,879 shares of the company's stock after selling 5,562 shares during the period. Royce & Associates LP owned 0.78% of Brunswick worth $33,432,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Oak Thistle LLC acquired a new position in shares of Brunswick during the fourth quarter valued at $368,000. Bank of New York Mellon Corp raised its holdings in Brunswick by 16.7% during the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company's stock worth $49,578,000 after purchasing an additional 109,728 shares during the last quarter. Channing Capital Management LLC lifted its position in Brunswick by 10.9% during the 4th quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company's stock valued at $66,305,000 after purchasing an additional 100,412 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Brunswick by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company's stock valued at $46,269,000 after purchasing an additional 14,089 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. grew its position in shares of Brunswick by 47.5% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 240,128 shares of the company's stock worth $20,128,000 after buying an additional 77,340 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

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Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BC. Morgan Stanley increased their price objective 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. B. Riley upgraded Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Benchmark cut their target price on Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Citigroup reduced their target price on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Finally, Roth Mkm lowered their price target on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $81.62.

Insider Activity

In related news, SVP Randall S. Altman sold 3,417 shares of the business'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 transaction, the senior vice president now directly owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their position. The transaction was disclosed in a legal 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 shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now directly owns 25,361 shares of the company's stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate insiders.

Brunswick Stock Down 0.7 %

BC traded down $0.41 during trading on Thursday, hitting $56.38. The company had a trading volume of 614,123 shares, compared to its average volume of 679,257. The firm's 50-day moving average price is $63.71 and its 200 day moving average price is $72.84. The company has a market capitalization of $3.71 billion, a PE ratio of 29.68 and a beta of 1.54. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. Brunswick Co. has a one year low of $54.97 and a one year high of $96.65.

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, topping 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 prior year, the firm earned $1.45 earnings per share. As a group, equities analysts expect that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date was Monday, February 24th. Brunswick's dividend payout ratio is currently 90.53%.

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.