Brunswick Co. (NYSE:BC) Shares Purchased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC raised its position in shares of Brunswick Co. (NYSE:BC) by 38.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,884 shares of the company’s stock after purchasing an additional 2,463 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Brunswick were worth $575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BC. Raymond James Financial Inc. acquired a new stake in shares of Brunswick in the 4th quarter worth approximately $29,646,000. Verdence Capital Advisors LLC acquired a new stake in shares of Brunswick in the 4th quarter worth approximately $273,000. Proficio Capital Partners LLC acquired a new stake in shares of Brunswick in the 4th quarter worth approximately $2,827,000. Charles Schwab Investment Management Inc. lifted its stake 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 worth $46,269,000 after acquiring an additional 14,089 shares during the period. Finally, Levin Capital Strategies L.P. lifted its stake in shares of Brunswick by 5.5% in the 4th quarter. Levin Capital Strategies L.P. now owns 91,504 shares of the company’s stock worth $5,918,000 after acquiring an additional 4,809 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Brunswick

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. This represents a 11.35 % decrease in their position. The transaction 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 stock in a transaction that occurred 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 completion of the sale, 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 position. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Brunswick Stock Down 0.5 %

Shares of NYSE:BC opened at $58.82 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. 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 52 week low of $55.40 and a 52 week high of $96.65. The firm has a 50 day simple moving average of $64.90 and a 200 day simple moving average of $74.04.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate 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 firm posted $1.45 earnings per share. As a group, research analysts expect that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Monday, February 24th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from Brunswick’s previous quarterly dividend of $0.42. Brunswick’s dividend payout ratio is 90.53%.

Analyst Upgrades and Downgrades

BC has been the subject of a number of research analyst reports. Citigroup reduced their price target 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. Truist Financial reduced their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. DA Davidson reduced their price target on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. B. Riley raised shares of Brunswick to a “hold” rating in a research note on Wednesday, February 12th. Finally, Robert W. Baird set a $90.00 target price on shares of Brunswick in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.62.

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.