Truist Financial Corp Has $673,000 Holdings in Brunswick Co. (NYSE:BC)

Truist Financial Corp grew its stake in shares of Brunswick Co. (NYSE:BC) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,244 shares of the company’s stock after acquiring an additional 779 shares during the period. Truist Financial Corp’s holdings in Brunswick were worth $673,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Inspire Advisors LLC raised its position in shares of Brunswick by 7.9% in the first quarter. Inspire Advisors LLC now owns 2,268 shares of the company’s stock valued at $219,000 after buying an additional 166 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Brunswick by 7.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,905 shares of the company’s stock valued at $280,000 after purchasing an additional 197 shares in the last quarter. Comerica Bank raised its position in Brunswick by 0.6% during the first quarter. Comerica Bank now owns 35,548 shares of the company’s stock valued at $3,431,000 after purchasing an additional 205 shares in the last quarter. Rise Advisors LLC raised its position in Brunswick by 249.5% during the first quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 232 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its position in Brunswick by 77.1% during the first quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock valued at $58,000 after purchasing an additional 262 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Stock Performance

Shares of Brunswick stock opened at $83.36 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. Brunswick Co. has a twelve month low of $66.47 and a twelve month high of $99.68. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 15.49 and a beta of 1.51. The company’s fifty day moving average is $79.34 and its 200 day moving average is $79.70.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.80 earnings per share 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 during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the firm earned $2.35 EPS. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. Sell-side analysts forecast that Brunswick Co. will post 5.26 EPS for the current year.

Insider Buying and Selling at Brunswick

In other news, Director Nancy E. Cooper sold 358 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.81% of the company’s stock.

Analyst Ratings Changes

BC has been the subject of several research analyst reports. Robert W. Baird lowered their price objective on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Roth Mkm restated a “buy” rating and set a $94.00 price objective on shares of Brunswick in a research report on Thursday, July 25th. Stifel Nicolaus decreased their target price on shares of Brunswick from $97.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $70.00 target price (down previously from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Finally, Citigroup boosted their target price on shares of Brunswick from $92.00 to $101.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.23.

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.