Keybank National Association OH Buys 1,719 Shares of Brunswick Co. (NYSE:BC)

Keybank National Association OH grew its holdings in shares of Brunswick Co. (NYSE:BCFree Report) by 24.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,856 shares of the company’s stock after acquiring an additional 1,719 shares during the period. Keybank National Association OH’s holdings in Brunswick were worth $700,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its position in shares of Brunswick by 104.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock worth $36,000 after purchasing an additional 266 shares in the last quarter. Fred Alger Management LLC bought a new position in shares of Brunswick during the 1st quarter worth about $40,000. Neo Ivy Capital Management bought a new position in shares of Brunswick during the 2nd quarter worth about $46,000. International Assets Investment Management LLC bought a new position in shares of Brunswick during the 1st quarter worth about $52,000. Finally, Covestor Ltd boosted its position in shares of Brunswick by 62.1% during the 2nd quarter. Covestor Ltd now owns 744 shares of the company’s stock worth $65,000 after purchasing an additional 285 shares in the last quarter. 94.44% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Stock Down 0.2 %

Brunswick stock opened at $84.08 on Wednesday. Brunswick Co. has a 1-year low of $66.47 and a 1-year high of $99.68. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 14.13 and a beta of 1.55. The company has a current ratio of 1.43, a quick ratio of 0.59 and a debt-to-equity ratio of 0.95. The firm has a 50 day simple moving average of $88.45 and a 200 day simple moving average of $81.65.

Brunswick (NYSE:BCGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.21). Brunswick had a net margin of 6.57% and a return on equity of 29.78%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the firm posted $1.99 earnings per share. The firm’s quarterly revenue was down 14.0% on a year-over-year basis. On average, analysts predict that Brunswick Co. will post 7.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Truist Financial dropped their price target on shares of Brunswick from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 2nd. Stifel Nicolaus raised their price target on shares of Brunswick from $88.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Roth Mkm raised their price target on shares of Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Raymond James lowered shares of Brunswick from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Finally, StockNews.com upgraded shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.67.

Get Our Latest Stock Analysis on Brunswick

Brunswick Profile

(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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