Thrivent Financial for Lutherans Increases Holdings in Brunswick Co. (NYSE:BC)

Thrivent Financial for Lutherans lifted its position in Brunswick Co. (NYSE:BC - Free Report) by 43.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 769,907 shares of the company's stock after buying an additional 232,622 shares during the period. Thrivent Financial for Lutherans owned about 1.17% of Brunswick worth $49,798,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new position in Brunswick in the 4th quarter worth about $39,000. Financial Perspectives Inc bought a new stake in shares of Brunswick in the fourth quarter worth approximately $42,000. Avior Wealth Management LLC raised its holdings in shares of Brunswick by 1,073.7% during the third quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock valued at $56,000 after purchasing an additional 612 shares during the last quarter. KBC Group NV lifted its position in Brunswick by 21.7% during the third quarter. KBC Group NV now owns 2,025 shares of the company's stock valued at $170,000 after purchasing an additional 361 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Brunswick in the 3rd quarter worth approximately $313,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Insider Activity

In other news, SVP Randall S. Altman sold 3,417 shares of the firm's 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 completion of the transaction, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nancy E. Cooper sold 433 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on BC. B. Riley raised Brunswick to a "hold" rating in a report on Wednesday, February 12th. Citigroup cut their price target on Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Truist Financial dropped their price objective on shares of Brunswick from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Stifel Nicolaus cut their target price on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Finally, DA Davidson decreased their price target on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.62.

Brunswick Price Performance

Brunswick stock traded up $1.24 during mid-day trading on Monday, hitting $57.87. The stock had a trading volume of 614,074 shares, compared to its average volume of 677,987. Brunswick Co. has a one year low of $54.97 and a one year high of $96.65. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $3.81 billion, a P/E ratio of 30.46 and a beta of 1.54. The firm's 50 day moving average is $63.40 and its 200 day moving average is $72.50.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share 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 period last year, the business earned $1.45 earnings per share. On average, sell-side analysts forecast that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were issued a dividend of $0.43 per share. This is a positive change from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend was Monday, February 24th. Brunswick's dividend payout ratio (DPR) is 90.53%.

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.