New Age Alpha Advisors LLC Acquires Shares of 6,120 Brunswick Co. (NYSE:BC)

New Age Alpha Advisors LLC bought a new position in Brunswick Co. (NYSE:BC) in the fourth quarter, HoldingsChannel reports. The firm bought 6,120 shares of the company’s stock, valued at approximately $396,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. DA Davidson cut their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Citigroup cut their price objective on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Truist Financial decreased their target price on Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus reduced 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, Benchmark lowered their price objective on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and an average target price of $81.62.

Brunswick Trading Up 0.2 %

Shares of NYSE:BC opened at $53.98 on Wednesday. The company has a market capitalization of $3.56 billion, a PE ratio of 28.41 and a beta of 1.54. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Brunswick Co. has a 12-month low of $52.12 and a 12-month high of $95.38. The business’s fifty day simple moving average is $61.77 and its 200-day simple moving average is $71.47.

Brunswick (NYSE:BC) last announced its 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 2.48% and a return on equity of 15.41%. During the same period in the prior year, the firm earned $1.45 earnings per share. As a group, equities research analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

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

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction 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 represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company’s stock.

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.