Brunswick Co. (NYSE:BC) Shares Purchased by Vestcor Inc

Vestcor Inc raised its holdings in shares of Brunswick Co. (NYSE:BC - Free Report) by 207.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,006 shares of the company's stock after acquiring an additional 10,802 shares during the quarter. Vestcor Inc's holdings in Brunswick were worth $1,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Brunswick in the fourth quarter worth about $29,646,000. Massachusetts Financial Services Co. MA grew its position in Brunswick by 17.1% in the third 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 in the last quarter. Janus Henderson Group PLC grew its position in Brunswick by 1,120.5% in the third quarter. Janus Henderson Group PLC now owns 354,631 shares of the company's stock worth $29,725,000 after acquiring an additional 325,574 shares in the last quarter. Lightrock Netherlands B.V. purchased a new position in Brunswick in the fourth quarter worth about $16,400,000. Finally, Lord Abbett & CO. LLC grew its position in Brunswick by 50.2% in the third quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company's stock worth $57,328,000 after acquiring an additional 228,662 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BC. Morgan Stanley lifted their price target on Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Benchmark dropped their price target on Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Stifel Nicolaus dropped their target price on Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Robert W. Baird set a $90.00 target price on Brunswick in a research report on Friday, January 31st. Finally, B. Riley upgraded Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $81.62.

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Brunswick Trading Down 0.6 %

Shares of NYSE BC traded down $0.35 during trading hours on Wednesday, reaching $56.76. The stock had a trading volume of 766,026 shares, compared to its average volume of 769,306. 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 cap of $3.74 billion, a price-to-earnings ratio of 29.87 and a beta of 1.54. The business's fifty day moving average price is $63.88 and its two-hundred day moving average price is $72.96. Brunswick Co. has a 52-week low of $54.97 and a 52-week high of $96.65.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates 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 business earned $1.45 earnings per share. Analysts expect that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a $0.43 dividend. This is an increase from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a yield of 3.03%. Brunswick's payout ratio is 90.53%.

Insider Buying and Selling

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 transaction of $28,426.45. Following 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 SEC, which is accessible through this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

About Brunswick

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.