Sei Investments Co. Has $16.09 Million Stock Holdings in Brunswick Co. (NYSE:BC)

Sei Investments Co. lifted its stake in Brunswick Co. (NYSE:BC) by 7.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 221,073 shares of the company’s stock after purchasing an additional 15,602 shares during the quarter. Sei Investments Co.’s holdings in Brunswick were worth $16,087,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BC. Rise Advisors LLC raised its stake in Brunswick by 249.5% during the 1st quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 232 shares during the period. Allspring Global Investments Holdings LLC raised its position in Brunswick by 43,700.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock valued at $42,000 after buying an additional 437 shares during the period. J.Safra Asset Management Corp lifted its stake in Brunswick by 77.1% in the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock worth $58,000 after acquiring an additional 262 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Brunswick by 291.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,041 shares of the company’s stock worth $101,000 after acquiring an additional 775 shares during the period. Finally, Prestige Wealth Management Group LLC grew its stake in Brunswick by 2,478.0% during the 1st quarter. Prestige Wealth Management Group LLC now owns 1,057 shares of the company’s stock valued at $102,000 after acquiring an additional 1,016 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on BC shares. Benchmark restated a “buy” rating and set a $100.00 price target on shares of Brunswick in a report on Friday, July 26th. Citigroup decreased their target price on shares of Brunswick from $100.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Robert W. Baird dropped their price target on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Jefferies Financial Group reissued a “hold” rating and set a $70.00 price objective (down previously from $115.00) on shares of Brunswick in a research report on Friday, July 26th. Finally, Stifel Nicolaus dropped their target price on Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.23.

Insider Buying and Selling

In other news, Director Nancy E. Cooper sold 358 shares of Brunswick stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $81.34, for a total value of $29,119.72. Following the transaction, the director now owns 23,877 shares in the company, valued at approximately $1,942,155.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by insiders.

Brunswick Trading Up 2.5 %

Shares of NYSE BC opened at $82.94 on Friday. The company’s 50 day simple moving average is $78.28 and its 200 day simple moving average is $80.68. The firm has a market capitalization of $5.60 billion, a P/E ratio of 15.42 and a beta of 1.51. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 0.75. Brunswick Co. has a fifty-two week low of $66.47 and a fifty-two week high of $99.68.

Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.10). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.55 billion. Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The firm’s revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.35 earnings per share. On average, analysts predict that Brunswick Co. will post 5.26 EPS for the current year.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 21st were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.68 annualized dividend and a yield of 2.03%. Brunswick’s payout ratio is currently 31.23%.

Brunswick Company 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.