Russell Investments Group Ltd. Grows Stake in Brunswick Co. (NYSE:BC)

Russell Investments Group Ltd. increased its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,212 shares of the company's stock after purchasing an additional 28,275 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.35% of Brunswick worth $14,758,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BC. Pacer Advisors Inc. boosted its position in Brunswick by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 9,861 shares of the company's stock worth $638,000 after buying an additional 190 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Brunswick by 5.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the company's stock worth $316,000 after buying an additional 236 shares during the period. Xponance Inc. grew its position in shares of Brunswick by 4.9% in the 4th quarter. Xponance Inc. now owns 7,617 shares of the company's stock valued at $493,000 after buying an additional 359 shares during the last quarter. Hunter Associates Investment Management LLC increased its stake in shares of Brunswick by 2.5% in the fourth quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company's stock valued at $1,170,000 after buying an additional 447 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Brunswick by 11.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,431 shares of the company's stock worth $351,000 after acquiring an additional 572 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Insider Activity

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the 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 directly owns 25,361 shares of the company's stock, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Randall S. Altman sold 3,417 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

Analyst Ratings Changes

BC has been the topic of a number of recent analyst reports. B. Riley upgraded shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. DA Davidson raised shares of Brunswick to a "hold" rating in a research report on Monday. Benchmark dropped their price objective on Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Truist Financial lowered their target price on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a report on Monday. Finally, Stifel Nicolaus lowered their price objective on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $76.67.

Brunswick Stock Up 0.2 %

Shares of Brunswick stock traded up $0.08 on Wednesday, hitting $43.54. The company had a trading volume of 132,496 shares, compared to its average volume of 934,961. The stock has a 50 day moving average of $56.52 and a 200-day moving average of $68.59. Brunswick Co. has a 1 year low of $41.00 and a 1 year high of $87.65. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 22.93 and a beta of 1.42. 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 posted its 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 net margin of 2.48% and a return on equity of 15.41%. During the same period last year, the business posted $1.45 earnings per share. As a group, sell-side analysts forecast 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. Shareholders of record on Monday, February 24th were given a $0.43 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 3.95%. This is a boost from Brunswick's previous quarterly dividend of $0.42. Brunswick's 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.