New Age Alpha Advisors LLC Acquires New Stake in Brunswick Co. (NYSE:BC)

New Age Alpha Advisors LLC bought a new position in Brunswick Co. (NYSE:BC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,120 shares of the company’s stock, valued at approximately $396,000.

Other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of Brunswick by 8.5% during the third quarter. Bank of Montreal Can now owns 43,592 shares of the company’s stock valued at $3,685,000 after buying an additional 3,399 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Brunswick by 134.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,713 shares of the company’s stock valued at $563,000 after acquiring an additional 3,850 shares in the last quarter. Captrust Financial Advisors boosted its stake in Brunswick by 13.6% during the 3rd quarter. Captrust Financial Advisors now owns 10,422 shares of the company’s stock valued at $874,000 after purchasing an additional 1,247 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of Brunswick in the 3rd quarter worth $5,280,000. Finally, Paloma Partners Management Co purchased a new position in shares of Brunswick in the third quarter worth $313,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $28,426.45. Following the completion of the sale, the director now owns 25,361 shares in the company, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BC has been the subject of a number of research analyst reports. 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. Morgan Stanley lifted their price objective on Brunswick from $64.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. Stifel Nicolaus lowered their target price on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Benchmark cut their price target on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 31st. Finally, B. Riley upgraded shares of Brunswick to a “hold” rating in a research note on Wednesday, February 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.62.

Brunswick Price Performance

NYSE:BC opened at $53.98 on Wednesday. The business’s 50-day simple moving average is $61.77 and its two-hundred day simple moving average is $71.47. Brunswick Co. has a 52 week low of $52.12 and a 52 week high of $95.38. The stock has a market cap of $3.56 billion, a PE ratio of 28.41 and a beta of 1.54. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC) last posted 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 return on equity of 15.41% and a net margin of 2.48%. During the same period in the previous year, the firm posted $1.45 EPS. As a group, analysts forecast that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.19%. This is a boost from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is presently 90.53%.

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.