Skylands Capital LLC Boosts Stock Holdings in Brunswick Co. (NYSE:BC)

Skylands Capital LLC lifted its position in Brunswick Co. (NYSE:BC - Free Report) by 38.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,575 shares of the company's stock after buying an additional 6,000 shares during the quarter. Skylands Capital LLC's holdings in Brunswick were worth $1,395,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BC. Massachusetts Financial Services Co. MA lifted its position in shares of Brunswick by 17.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company's stock worth $259,010,000 after purchasing an additional 452,116 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Brunswick by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company's stock worth $124,705,000 after buying an additional 102,780 shares during the period. Victory Capital Management Inc. lifted its holdings in Brunswick by 13.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company's stock worth $118,563,000 after buying an additional 168,384 shares in the last quarter. Principal Financial Group Inc. boosted its position in Brunswick by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company's stock valued at $90,171,000 after buying an additional 28,781 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Brunswick by 0.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 701,269 shares of the company's stock worth $58,780,000 after acquiring an additional 1,765 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Analyst Ratings Changes

BC has been the topic of several analyst reports. Robert W. Baird set a $90.00 target price on shares of Brunswick in a report on Friday, January 31st. Stifel Nicolaus reduced their price objective on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. B. Riley upgraded shares of Brunswick to a "hold" rating in a research note on Wednesday, February 12th. DA Davidson cut their price target on Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 22nd. Finally, Truist Financial decreased their price target on Brunswick from $90.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Brunswick has an average rating of "Moderate Buy" and a consensus target price of $81.62.

Brunswick Stock Performance

BC traded down $2.28 during trading on Thursday, reaching $60.20. The company's stock had a trading volume of 806,833 shares, compared to its average volume of 728,185. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The company's fifty day moving average price is $65.78 and its 200-day moving average price is $74.79. Brunswick Co. has a 52-week low of $60.06 and a 52-week high of $96.65. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 31.68 and a beta of 1.54.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data 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. On average, equities analysts forecast that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be issued a dividend of $0.43 per share. The ex-dividend date is Monday, February 24th. This is a boost from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 2.86%. Brunswick's payout ratio is currently 90.53%.

Insiders Place Their Bets

In other news, Director Nancy E. Cooper sold 433 shares of the company's stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the 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 sale, the senior vice president now directly owns 26,683 shares in the company, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

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.