Pacer Advisors Inc. Boosts Stake in Brunswick Co. (NYSE:BC)

Pacer Advisors Inc. grew its stake in shares of Brunswick Co. (NYSE:BC) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,861 shares of the company’s stock after buying an additional 190 shares during the quarter. Pacer Advisors Inc.’s holdings in Brunswick were worth $638,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in Brunswick in the 3rd quarter worth $26,000. Armstrong Advisory Group Inc. purchased a new position in Brunswick in the 4th quarter worth $39,000. Avior Wealth Management LLC raised its position in Brunswick by 1,073.7% in the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock worth $56,000 after purchasing an additional 612 shares during the period. Covestor Ltd raised its position in Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock worth $81,000 after purchasing an additional 843 shares during the period. Finally, GAMMA Investing LLC raised its position in Brunswick by 92.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,155 shares of the company’s stock worth $97,000 after purchasing an additional 555 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

Brunswick Trading Down 1.9 %

Shares of BC opened at $66.19 on Tuesday. The firm’s 50-day moving average price is $69.97 and its 200-day moving average price is $76.40. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 34.84 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 1-year low of $62.64 and a 1-year high of $96.65.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company earned $1.45 EPS. Sell-side analysts anticipate that Brunswick Co. will post 4.3 EPS for the current year.

Analyst Upgrades and Downgrades

BC has been the topic of a number of analyst reports. Roth Mkm decreased their target price on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. DA Davidson cut their price target on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Benchmark cut their price target on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday. Truist Financial cut their price target on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Citigroup cut their price target on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. 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, Brunswick currently has an average rating of “Moderate Buy” and an average target price of $81.85.

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.