Hunter Associates Investment Management LLC Raises Stake in Brunswick Co. (NYSE:BC)

Hunter Associates Investment Management LLC raised its position in shares of Brunswick Co. (NYSE:BCFree Report) by 32.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 8,244 shares of the company’s stock after purchasing an additional 2,001 shares during the period. Hunter Associates Investment Management LLC’s holdings in Brunswick were worth $653,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in shares of Brunswick by 6.6% in the first quarter. Advisory Services Network LLC now owns 2,187 shares of the company’s stock worth $179,000 after purchasing an additional 136 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Brunswick by 5.4% in the second quarter. Panagora Asset Management Inc. now owns 2,819 shares of the company’s stock worth $244,000 after purchasing an additional 144 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Brunswick by 4.3% in the third quarter. Verdence Capital Advisors LLC now owns 3,645 shares of the company’s stock worth $288,000 after purchasing an additional 149 shares during the last quarter. Wrapmanager Inc. grew its holdings in shares of Brunswick by 5.6% in the third quarter. Wrapmanager Inc. now owns 2,806 shares of the company’s stock worth $222,000 after purchasing an additional 149 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in Brunswick by 1.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 15,025 shares of the company’s stock worth $1,302,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 94.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BC. Raymond James lowered shares of Brunswick from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Roth Mkm upped their price objective on shares of Brunswick from $85.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. StockNews.com raised shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Truist Financial lowered their price objective on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Finally, Morgan Stanley lowered their price objective on shares of Brunswick from $84.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.91.

Read Our Latest Stock Analysis on BC

Brunswick Stock Performance

BC stock opened at $86.22 on Monday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 14.49 and a beta of 1.55. The firm has a 50-day simple moving average of $88.71 and a two-hundred day simple moving average of $81.60. Brunswick Co. has a one year low of $66.47 and a one year high of $99.68. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.59 and a current ratio of 1.43.

Brunswick (NYSE:BCGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The company reported $1.45 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.21). The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Brunswick had a net margin of 6.57% and a return on equity of 29.78%. The business’s revenue for the quarter was down 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.99 earnings per share. On average, equities analysts forecast that Brunswick Co. will post 7.44 EPS for the current fiscal year.

About Brunswick

(Free Report)

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.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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