Brunswick Co. (NYSE:BC) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 139,511 shares of the company's stock after selling 9,647 shares during the quarter. Wells Fargo & Company MN owned about 0.21% of Brunswick worth $9,024,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC purchased a new position in shares of Brunswick in the fourth quarter valued at $368,000. American Century Companies Inc. grew its stake in shares of Brunswick by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,462,558 shares of the company's stock worth $94,599,000 after buying an additional 41,583 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Brunswick by 16.7% in the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company's stock worth $49,578,000 after buying an additional 109,728 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Brunswick during the 4th quarter valued at about $2,827,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Brunswick by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company's stock valued at $46,269,000 after acquiring an additional 14,089 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction on 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 sale, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 in the company, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.81% of the company's stock.

Analyst Ratings Changes

BC has been the topic of a number of recent research reports. DA Davidson upgraded Brunswick to a "hold" rating in a research report on Monday, April 14th. Citigroup decreased their price target on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Benchmark dropped their price objective on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, January 31st. Truist Financial reduced their target price on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Stifel Nicolaus dropped their price target on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Brunswick has a consensus rating of "Hold" and a consensus price target of $76.67.

Brunswick Trading Up 4.3 %

Shares of NYSE BC traded up $1.93 during trading hours on Wednesday, reaching $46.75. The stock had a trading volume of 221,582 shares, compared to its average volume of 757,285. The business's fifty day moving average price is $54.38 and its two-hundred day moving average price is $67.25. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 24.61 and a beta of 1.42. Brunswick Co. has a 52-week low of $41.00 and a 52-week high of $87.65. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share 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 posted $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 declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Monday, February 24th. This is a boost from Brunswick's previous quarterly dividend of $0.42. Brunswick's dividend payout ratio is presently 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.