Sanctuary Advisors LLC Has $778,000 Stock Holdings in Brunswick Co. (NYSE:BC)

Sanctuary Advisors LLC decreased its holdings in shares of Brunswick Co. (NYSE:BC) by 12.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,264 shares of the company’s stock after selling 1,544 shares during the period. Sanctuary Advisors LLC’s holdings in Brunswick were worth $778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BC. Armstrong Advisory Group Inc. acquired a new position in shares of Brunswick during the fourth quarter worth about $39,000. Avior Wealth Management LLC lifted its position in shares of Brunswick by 1,073.7% during the 3rd quarter. Avior Wealth Management LLC now owns 669 shares of the company’s stock valued at $56,000 after acquiring an additional 612 shares during the period. Covestor Ltd boosted its holdings in shares of Brunswick by 669.0% in the 3rd quarter. Covestor Ltd now owns 969 shares of the company’s stock valued at $81,000 after purchasing an additional 843 shares in the last quarter. KBC Group NV lifted its stake in shares of Brunswick by 21.7% in the 3rd quarter. KBC Group NV now owns 2,025 shares of the company’s stock valued at $170,000 after acquiring an additional 361 shares during the last quarter. Finally, Fernwood Investment Management LLC acquired a new stake in Brunswick in the third quarter valued at $218,000. 99.34% of the stock is owned by institutional investors.

Brunswick Stock Down 3.6 %

NYSE BC opened at $60.20 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The business has a fifty day moving average price of $65.78 and a 200 day moving average price of $74.79. Brunswick Co. has a one year low of $60.06 and a one year high of $96.65. The company has a market cap of $3.96 billion, a P/E ratio of 31.68 and a beta of 1.54.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.24 earnings per share for the quarter, beating 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 last year, the business posted $1.45 EPS. Research analysts anticipate that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, February 24th will be issued a $0.43 dividend. This is a boost from Brunswick’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 2.86%. Brunswick’s payout ratio is 90.53%.

Analysts Set New Price Targets

Several equities research analysts recently commented on BC shares. Benchmark decreased their target price on Brunswick from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, January 31st. B. Riley raised Brunswick to a “hold” rating in a report on Wednesday, February 12th. Truist Financial decreased 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. Citigroup decreased their price objective on Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, DA Davidson reduced their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 22nd. Six 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 currently has an average rating of “Moderate Buy” and a consensus price target of $81.62.

Insider Activity at Brunswick

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at $1,686,632.43. This trade represents a 11.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the sale, the director now directly owns 25,361 shares in the company, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

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.