American Century Companies Inc. Grows Stock Holdings in Brunswick Corporation $BC

American Century Companies Inc. grew its holdings in shares of Brunswick Corporation (NYSE:BC) by 56.4% during the third quarter, Holdings Channel reports. The firm owned 2,302,918 shares of the company’s stock after purchasing an additional 830,451 shares during the quarter. American Century Companies Inc.’s holdings in Brunswick were worth $145,637,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Cary Street Partners Financial LLC purchased a new stake in shares of Brunswick in the 3rd quarter valued at approximately $314,000. EverSource Wealth Advisors LLC increased its position in Brunswick by 20.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 25,414 shares of the company’s stock valued at $1,607,000 after acquiring an additional 4,231 shares during the period. Personal CFO Solutions LLC grew its position in Brunswick by 5.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 3,991 shares of the company’s stock valued at $252,000 after buying an additional 193 shares during the last quarter. Coyle Financial Counsel LLC raised its holdings in Brunswick by 88.8% during the third quarter. Coyle Financial Counsel LLC now owns 11,911 shares of the company’s stock worth $753,000 after purchasing an additional 5,601 shares in the last quarter. Finally, Levin Capital Strategies L.P. grew its holdings in Brunswick by 6.3% during the third quarter. Levin Capital Strategies L.P. now owns 95,117 shares of the company’s stock worth $6,015,000 after acquiring an additional 5,658 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insider Activity

In other Brunswick news, VP Christopher F. Dekker sold 4,981 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $87.38, for a total transaction of $435,239.78. Following the sale, the vice president directly owned 39,740 shares in the company, valued at approximately $3,472,481.20. The trade was a 11.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Foulkes sold 38,266 shares of Brunswick stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $86.56, for a total value of $3,312,304.96. Following the transaction, the chief executive officer owned 271,169 shares in the company, valued at approximately $23,472,388.64. This trade represents a 12.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.85% of the stock is currently owned by company insiders.

Brunswick Stock Down 3.6%

BC stock opened at $79.52 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.44 and a quick ratio of 0.61. The firm has a fifty day moving average price of $83.57 and a two-hundred day moving average price of $72.11. Brunswick Corporation has a 1-year low of $41.00 and a 1-year high of $90.25. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -37.51 and a beta of 1.39.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 15.5% on a year-over-year basis. Research analysts predict that Brunswick Corporation 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 13th. Shareholders of record on Monday, February 23rd will be given a dividend of $0.44 per share. This is a boost from Brunswick’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, February 23rd. This represents a $1.76 dividend on an annualized basis and a yield of 2.2%. Brunswick’s payout ratio is presently -83.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Loop Capital initiated coverage on Brunswick in a report on Monday, December 22nd. They issued a “hold” rating and a $74.00 price target on the stock. Benchmark lifted their price objective on Brunswick from $75.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Seaport Research Partners upgraded shares of Brunswick to a “strong-buy” rating in a report on Monday, December 8th. Wall Street Zen downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Sunday, December 7th. Finally, B. Riley Financial reiterated a “neutral” rating and set a $80.00 target price (up from $70.00) on shares of Brunswick in a report on Friday, January 30th. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $84.00.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.