Dimensional Fund Advisors LP Grows Stock Holdings in Brunswick Co. (NYSE:BC)

Dimensional Fund Advisors LP raised its position in shares of Brunswick Co. (NYSE:BC) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,629,572 shares of the company’s stock after buying an additional 97,385 shares during the period. Dimensional Fund Advisors LP owned about 2.30% of Brunswick worth $141,180,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BC. SG Americas Securities LLC raised its stake in shares of Brunswick by 94.8% in the second quarter. SG Americas Securities LLC now owns 18,233 shares of the company’s stock valued at $1,580,000 after acquiring an additional 8,874 shares in the last quarter. Sigma Planning Corp acquired a new stake in shares of Brunswick in the first quarter valued at $772,000. Natixis Advisors L.P. raised its stake in shares of Brunswick by 2.3% in the first quarter. Natixis Advisors L.P. now owns 25,298 shares of the company’s stock valued at $2,074,000 after acquiring an additional 577 shares in the last quarter. Savant Capital LLC raised its stake in shares of Brunswick by 7.0% in the second quarter. Savant Capital LLC now owns 6,501 shares of the company’s stock valued at $563,000 after acquiring an additional 424 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Brunswick by 13.6% in the first quarter. Envestnet Asset Management Inc. now owns 109,161 shares of the company’s stock valued at $8,951,000 after acquiring an additional 13,065 shares in the last quarter. 94.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 414 shares of Brunswick stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $68.57, for a total value of $28,387.98. Following the sale, the director now owns 21,887 shares of the company’s stock, valued at approximately $1,500,791.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on BC. Stifel Nicolaus reduced their price objective on Brunswick from $102.00 to $92.00 in a research note on Tuesday, September 19th. Truist Financial cut their price target on Brunswick from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Jefferies Financial Group cut their price target on Brunswick from $94.00 to $93.00 and set a “buy” rating on the stock in a research note on Tuesday, September 19th. Raymond James cut their price target on Brunswick from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 19th. Finally, B. Riley cut their price target on Brunswick from $100.00 to $97.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.21.

Brunswick Stock Performance

NYSE BC opened at $79.08 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 1.47 and a debt-to-equity ratio of 0.95. Brunswick Co. has a 52-week low of $66.47 and a 52-week high of $93.15. The business’s 50-day moving average price is $74.52 and its 200 day moving average price is $79.66. The firm has a market cap of $5.52 billion, a P/E ratio of 11.26 and a beta of 1.49.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, October 26th. The company reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.06. Brunswick had a return on equity of 32.09% and a net margin of 7.57%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the company posted $2.67 earnings per share. The business’s revenue was down 6.2% on a year-over-year basis. On average, equities research analysts expect that Brunswick Co. will post 9 earnings per share for the current year.

Brunswick Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, November 21st. Brunswick’s dividend payout ratio is presently 22.79%.

Brunswick Profile

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. It operates through three segments: Propulsion, Parts & Accessories, and Boat. The Propulsion segment provides outboard, sterndrive, and inboard engines for independent boat builders and governments through marine dealers and distributors, specialty marine retailers, and marine service centers; and propulsion-related controls, rigging, and propellers to original equipment manufacturers and aftermarket retailers, distributors, and distribution businesses.