Van Berkom & Associates Inc. Decreases Position in Brunswick Co. (NYSE:BC)

Van Berkom & Associates Inc. cut its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 814,832 shares of the company's stock after selling 105,616 shares during the period. Van Berkom & Associates Inc. owned about 1.23% of Brunswick worth $52,703,000 as of its most recent SEC filing.

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

Brunswick Stock Up 2.9 %

Shares of BC traded up $1.80 on Tuesday, reaching $64.02. The company's stock had a trading volume of 270,754 shares, compared to its average volume of 715,843. Brunswick Co. has a twelve month low of $61.42 and a twelve month high of $96.65. The stock has a market capitalization of $4.22 billion, a PE ratio of 33.71 and a beta of 1.54. 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 fifty day moving average of $66.17 and a 200-day moving average of $75.05.

Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating 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 firm earned $1.45 EPS. Equities analysts predict that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.72 annualized dividend and a dividend yield of 2.69%. This is an increase from Brunswick's previous quarterly dividend of $0.42. Brunswick's dividend payout ratio is currently 88.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BC shares. Morgan Stanley increased their price target on Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. DA Davidson decreased their target price on shares of Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, January 22nd. B. Riley upgraded shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Truist Financial decreased their price objective 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. Finally, Stifel Nicolaus dropped their target price 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. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $81.62.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the business'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 transaction, the director now owns 25,361 shares of the company's stock, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by 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.