Foster & Motley Inc. Sells 1,273 Shares of Brunswick Co. (NYSE:BC)

Foster & Motley Inc. reduced its holdings in shares of Brunswick Co. (NYSE:BC) by 17.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,936 shares of the company’s stock after selling 1,273 shares during the quarter. Foster & Motley Inc.’s holdings in Brunswick were worth $384,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP bought a new position in Brunswick during the second quarter valued at about $1,249,000. Algert Global LLC bought a new position in shares of Brunswick during the 2nd quarter valued at approximately $498,000. Truist Financial Corp increased its stake in shares of Brunswick by 9.2% during the 2nd quarter. Truist Financial Corp now owns 9,244 shares of the company’s stock worth $673,000 after purchasing an additional 779 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Brunswick in the 2nd quarter worth approximately $831,000. Finally, SG Americas Securities LLC lifted its stake in Brunswick by 6.3% in the third quarter. SG Americas Securities LLC now owns 9,865 shares of the company’s stock valued at $827,000 after purchasing an additional 582 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Brunswick Stock Performance

Shares of BC opened at $67.45 on Friday. Brunswick Co. has a 12-month low of $62.64 and a 12-month high of $96.65. The company has a current ratio of 1.97, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The company has a market cap of $4.45 billion, a PE ratio of 16.78 and a beta of 1.54. The stock has a 50-day moving average price of $70.37 and a 200-day moving average price of $76.57.

Brunswick (NYSE:BC) last released its quarterly earnings results 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 5.02% and a return on equity of 19.15%. During the same period in the previous year, the firm posted $1.45 earnings per share. As a group, equities analysts forecast that Brunswick Co. will post 4.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BC shares. 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. Morgan Stanley upped their price objective on shares of Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday. Citigroup reduced their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday. Stifel Nicolaus dropped their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Truist Financial lowered their target price 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Brunswick has an average rating of “Moderate Buy” and a consensus price target of $81.85.

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.