Brunswick Co. (NYSE:BC) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 21.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,117,260 shares of the company's stock after selling 297,230 shares during the period. Victory Capital Management Inc. owned approximately 1.69% of Brunswick worth $72,264,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of 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 purchased a new position in Brunswick in the 4th quarter worth about $42,000. Avior Wealth Management LLC lifted its holdings in Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company's stock valued at $56,000 after buying an additional 612 shares in the last quarter. Covestor Ltd boosted its position in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company's stock valued at $81,000 after buying an additional 843 shares during the period. Finally, KBC Group NV grew its stake in Brunswick by 21.7% in the 3rd quarter. KBC Group NV now owns 2,025 shares of the company's stock worth $170,000 after acquiring an additional 361 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on BC shares. Robert W. Baird set a $90.00 price target on shares of Brunswick in a research note on Friday, January 31st. DA Davidson decreased their target price on Brunswick from $80.00 to $60.00 and set a "neutral" rating for the company in a research report on Wednesday, January 22nd. Stifel Nicolaus dropped their price target on Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. B. Riley upgraded Brunswick to a "hold" rating in a report on Wednesday, February 12th. Finally, Citigroup lowered their price objective on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.62.

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Insider Activity

In other news, SVP Randall S. Altman sold 3,417 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were 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. The trade was a 11.35 % decrease in their ownership of the stock. The sale 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 firm'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 completion of the transaction, the director now owns 25,361 shares of the company's stock, valued at $1,664,949.65. This trade represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company's stock.

Brunswick Stock Down 0.5 %

Shares of NYSE BC traded down $0.30 during trading hours on Monday, hitting $58.82. 949,702 shares of the stock were exchanged, compared to its average volume of 682,769. The company has a market cap of $3.87 billion, a PE ratio of 30.96 and a beta of 1.54. Brunswick Co. has a 12 month low of $55.40 and a 12 month high of $96.65. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average price of $64.90 and a 200-day moving average price of $74.04.

Brunswick (NYSE:BC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) 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 quarter in the prior year, the firm earned $1.45 EPS. On average, sell-side analysts expect that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.43 per share. This is a positive change from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.92%. Brunswick's payout ratio is presently 90.53%.

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.