Sei Investments Co. Buys 64,617 Shares of Brunswick Co. (NYSE:BC)

Sei Investments Co. lifted its position in Brunswick Co. (NYSE:BC - Free Report) by 29.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 285,215 shares of the company's stock after acquiring an additional 64,617 shares during the quarter. Sei Investments Co. owned approximately 0.43% of Brunswick worth $18,447,000 as of its most recent filing with the SEC.

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

Brunswick Stock Performance

Shares of NYSE:BC traded up $0.13 during trading on Tuesday, reaching $53.98. The stock had a trading volume of 1,080,909 shares, compared to its average volume of 710,761. The stock has a fifty day simple moving average of $61.77 and a two-hundred day simple moving average of $71.47. 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 52 week low of $52.12 and a 52 week high of $95.38. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 28.41 and a beta of 1.54.

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Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.24 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 in the prior year, the firm posted $1.45 EPS. As a group, analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a $0.43 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 3.19%. This is a positive change from Brunswick's previous quarterly dividend of $0.42. Brunswick's dividend payout ratio (DPR) is 90.53%.

Analysts Set New Price Targets

BC has been the subject of a number of research analyst reports. Roth Mkm reduced their price target 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 cut their target price on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. Morgan Stanley boosted their price target 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. DA Davidson cut their price objective on Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a report on Wednesday, January 22nd. Finally, Citigroup lowered their target price on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Six research analysts have rated the stock with a hold rating and seven have assigned 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.

Insiders Place Their Bets

In related news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction dated Wednesday, February 26th. The stock was 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 of the company's stock, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nancy E. Cooper sold 433 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly 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.

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.