Tectonic Advisors LLC Raises Position in Brunswick Co. (NYSE:BC)

Tectonic Advisors LLC lifted its stake in Brunswick Co. (NYSE:BC) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,779 shares of the company’s stock after purchasing an additional 846 shares during the period. Tectonic Advisors LLC’s holdings in Brunswick were worth $1,021,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its stake in shares of Brunswick by 17.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock worth $259,010,000 after purchasing an additional 452,116 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Brunswick by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after buying an additional 102,780 shares during the period. Victory Capital Management Inc. increased its stake in Brunswick by 13.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock worth $118,563,000 after buying an additional 168,384 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Brunswick by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock valued at $90,171,000 after acquiring an additional 28,781 shares during the period. Finally, Copeland Capital Management LLC lifted its position in shares of Brunswick by 11.9% in the third quarter. Copeland Capital Management LLC now owns 949,094 shares of the company’s stock valued at $79,553,000 after acquiring an additional 101,123 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BC has been the topic of several recent analyst reports. DA Davidson decreased their target price on Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 22nd. Benchmark reduced their price objective on shares of Brunswick from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Truist Financial dropped their target price on shares of Brunswick from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. B. Riley downgraded shares of Brunswick from a “buy” rating to a “neutral” rating and reduced their price target for the company from $95.00 to $88.00 in a report on Tuesday, November 26th. Finally, Roth Mkm cut their price objective on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.85.

Insider Activity

In other news, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now directly owns 25,361 shares in the company, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.81% of the company’s stock.

Brunswick Price Performance

Shares of Brunswick stock opened at $66.55 on Thursday. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 35.02 and a beta of 1.54. 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 stock has a 50 day moving average price of $69.42 and a 200-day moving average price of $76.26. Brunswick Co. has a one year low of $62.64 and a one year high of $96.65.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business earned $1.45 earnings per share. Equities analysts expect that Brunswick Co. will post 4.3 EPS for the current year.

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.