SG Americas Securities LLC Sells 30,453 Shares of Brunswick Corporation $BC

SG Americas Securities LLC cut its holdings in Brunswick Corporation (NYSE:BC) by 65.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,121 shares of the company’s stock after selling 30,453 shares during the period. SG Americas Securities LLC’s holdings in Brunswick were worth $1,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in Brunswick by 50.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company’s stock worth $31,000 after purchasing an additional 166 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Brunswick by 15.2% in the 3rd quarter. NewEdge Advisors LLC now owns 1,332 shares of the company’s stock worth $84,000 after purchasing an additional 176 shares in the last quarter. Inspire Investing LLC lifted its stake in Brunswick by 2.2% in the 3rd quarter. Inspire Investing LLC now owns 8,869 shares of the company’s stock worth $561,000 after purchasing an additional 188 shares in the last quarter. Personal CFO Solutions LLC lifted its stake in Brunswick by 5.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 3,991 shares of the company’s stock worth $252,000 after purchasing an additional 193 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Brunswick by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 19,436 shares of the company’s stock worth $1,229,000 after purchasing an additional 201 shares in the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on BC. B. Riley Financial reiterated a “neutral” rating and issued a $80.00 target price (up from $70.00) on shares of Brunswick in a research note on Friday, January 30th. Griffin Securities set a $76.00 target price on shares of Brunswick in a research note on Monday, February 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Brunswick in a research note on Friday, March 27th. Texas Capital upgraded shares of Brunswick from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Finally, Wolfe Research set a $90.00 price objective on shares of Brunswick in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $84.57.

Insiders Place Their Bets

In related news, 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 $23,472,388.64. This trade represents a 12.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Dekker sold 4,981 shares of Brunswick stock in a transaction on Friday, February 6th. The stock was sold at an average price of $87.38, for a total transaction of $435,239.78. Following the completion of the transaction, the vice president 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 SEC filing for this sale provides additional information. 0.81% of the stock is owned by company insiders.

Brunswick Stock Performance

Brunswick stock opened at $73.48 on Wednesday. The firm’s fifty day moving average price is $78.44 and its 200-day moving average price is $73.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 1.44. The stock has a market cap of $4.78 billion, a P/E ratio of -34.66 and a beta of 1.38. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $90.25.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. The business’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. On average, equities research analysts expect that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Monday, February 23rd were given a dividend of $0.44 per share. This is an increase from Brunswick’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, February 23rd. This represents a $1.76 annualized dividend and a dividend yield of 2.4%. Brunswick’s dividend payout ratio is -83.02%.

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.