Birch Hill Investment Advisors LLC Has $303,000 Stake in Brunswick Co. (NYSE:BC)

Birch Hill Investment Advisors LLC increased its holdings in shares of Brunswick Co. (NYSE:BC) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,167 shares of the company’s stock after buying an additional 540 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Brunswick were worth $303,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Brunswick by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,266,170 shares of the company’s stock worth $701,331,000 after buying an additional 160,531 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Brunswick by 88.0% during the second quarter. Baillie Gifford & Co. now owns 2,430,983 shares of the company’s stock valued at $176,903,000 after purchasing an additional 1,137,568 shares during the period. Dimensional Fund Advisors LP increased its stake in Brunswick by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,917,051 shares of the company’s stock valued at $185,483,000 after purchasing an additional 47,053 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Brunswick by 32.1% in the fourth quarter. Victory Capital Management Inc. now owns 1,144,308 shares of the company’s stock worth $110,712,000 after purchasing an additional 278,082 shares during the period. Finally, Jennison Associates LLC raised its holdings in Brunswick by 5.2% in the first quarter. Jennison Associates LLC now owns 848,728 shares of the company’s stock worth $81,919,000 after purchasing an additional 42,332 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BC. Truist Financial decreased their price target on shares of Brunswick from $95.00 to $90.00 and set a “buy” rating for the company in a report on Monday, July 8th. Citigroup lowered their price target on Brunswick from $100.00 to $88.00 and set a “buy” rating for the company in a report on Monday, July 8th. Robert W. Baird cut their price objective on Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Roth Mkm restated a “buy” rating and set a $94.00 target price on shares of Brunswick in a report on Thursday, July 25th. Finally, Stifel Nicolaus dropped their price objective on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.21.

Brunswick Stock Up 0.3 %

Brunswick stock opened at $79.05 on Friday. Brunswick Co. has a fifty-two week low of $66.47 and a fifty-two week high of $99.68. The firm has a market capitalization of $5.34 billion, a PE ratio of 14.69 and a beta of 1.52. The company’s 50-day moving average is $76.10 and its 200-day moving average is $81.74. 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 (NYSE:BC) last issued its earnings results on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.10). Brunswick had a return on equity of 23.46% and a net margin of 5.92%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm posted $2.35 earnings per share. The business’s revenue was down 15.2% compared to the same quarter last year. Sell-side analysts anticipate that Brunswick Co. will post 5.59 earnings per share for the current year.

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Wednesday, August 21st will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.68 annualized dividend and a yield of 2.13%. Brunswick’s payout ratio is currently 31.23%.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 358 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $81.34, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.81% of the stock is currently owned by corporate insiders.

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.