Divisar Capital Management LLC Has $20.11 Million Position in Brunswick Corporation $BC

Divisar Capital Management LLC lowered its stake in Brunswick Corporation (NYSE:BC) by 16.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 317,992 shares of the company’s stock after selling 63,766 shares during the period. Brunswick makes up approximately 5.5% of Divisar Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Divisar Capital Management LLC owned 0.49% of Brunswick worth $20,110,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP boosted its stake in shares of Brunswick by 6.3% during the 3rd quarter. Brevan Howard Capital Management LP now owns 34,371 shares of the company’s stock worth $2,174,000 after purchasing an additional 2,023 shares during the period. California Public Employees Retirement System increased its stake in Brunswick by 3.6% in the third quarter. California Public Employees Retirement System now owns 116,437 shares of the company’s stock worth $7,363,000 after purchasing an additional 4,071 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in Brunswick by 336.3% in the third quarter. Schonfeld Strategic Advisors LLC now owns 184,822 shares of the company’s stock worth $11,688,000 after purchasing an additional 142,462 shares during the period. Creative Planning lifted its position in shares of Brunswick by 48.4% during the third quarter. Creative Planning now owns 31,276 shares of the company’s stock worth $1,978,000 after purchasing an additional 10,206 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Brunswick by 24.2% in the third quarter. Lazard Asset Management LLC now owns 353,698 shares of the company’s stock worth $22,368,000 after purchasing an additional 68,810 shares during the last quarter. 99.34% of the stock is owned by institutional investors.

Brunswick Price Performance

BC opened at $68.90 on Monday. The firm has a market capitalization of $4.47 billion, a PE ratio of -32.50 and a beta of 1.39. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.44 and a quick ratio of 0.61. The business’s 50-day moving average is $83.15 and its two-hundred day moving average is $72.76. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $90.25.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. Brunswick’s revenue was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. Research analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, February 23rd were issued a $0.44 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, February 23rd. Brunswick’s dividend payout ratio is -83.02%.

Insiders Place Their Bets

In other Brunswick news, VP Christopher F. Dekker sold 4,981 shares of Brunswick stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $87.38, for a total transaction of $435,239.78. Following the completion of the sale, the vice president owned 39,740 shares of the company’s stock, valued at approximately $3,472,481.20. The trade was a 11.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David M. Foulkes sold 38,266 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $86.56, for a total value of $3,312,304.96. Following the sale, the chief executive officer owned 271,169 shares in the company, valued at approximately $23,472,388.64. The trade was a 12.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

BC has been the topic of several research analyst reports. Loop Capital started coverage on Brunswick in a research note on Monday, December 22nd. They issued a “hold” rating and a $74.00 price objective on the stock. Citigroup raised their target price on shares of Brunswick from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Robert W. Baird set a $85.00 price target on shares of Brunswick in a research report on Friday, January 30th. Roth Mkm reiterated a “buy” rating and set a $94.00 price objective (up from $79.00) on shares of Brunswick in a research note on Friday, January 30th. Finally, Benchmark lifted their price objective on shares of Brunswick from $75.00 to $90.00 and gave the company a “buy” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $84.00.

Brunswick Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.