Daiwa Securities Group Inc. Has $1.23 Million Stock Holdings in Brunswick Co. (NYSE:BC)

Daiwa Securities Group Inc. boosted its stake in Brunswick Co. (NYSE:BC) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,660 shares of the company’s stock after purchasing an additional 930 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Brunswick were worth $1,225,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Raymond James Trust N.A. lifted its stake in shares of Brunswick by 4.4% in the fourth quarter. Raymond James Trust N.A. now owns 2,863 shares of the company’s stock valued at $277,000 after buying an additional 120 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake 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 valued at $288,000 after buying an additional 149 shares in the last quarter. Wrapmanager Inc. lifted its stake in shares of Brunswick by 5.6% in the third quarter. Wrapmanager Inc. now owns 2,806 shares of the company’s stock valued at $222,000 after buying an additional 149 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Brunswick by 2.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,488 shares of the company’s stock valued at $434,000 after buying an additional 155 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Brunswick by 17.9% in the third quarter. Fifth Third Bancorp now owns 1,042 shares of the company’s stock valued at $82,000 after buying an additional 158 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BC shares. Roth Mkm raised their price objective on shares of Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. 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. Raymond James lowered shares of Brunswick from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 4th. B. Riley raised shares of Brunswick from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $108.00 in a research report on Tuesday, February 20th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and a consensus target price of $92.08.

Insider Transactions at Brunswick

In other news, EVP John G. Buelow sold 2,426 shares of Brunswick stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the completion of the transaction, the executive vice president now owns 14,199 shares in the company, valued at $1,237,016.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP John G. Buelow sold 2,426 shares of Brunswick stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $87.12, for a total value of $211,353.12. Following the completion of the transaction, the executive vice president now owns 14,199 shares in the company, valued at $1,237,016.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of Brunswick stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the transaction, the vice president now owns 35,176 shares of the company’s stock, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. Insiders sold 52,696 shares of company stock worth $4,574,199 over the last quarter. Corporate insiders own 0.81% of the company’s stock.

Brunswick Stock Performance

Shares of BC stock opened at $86.36 on Wednesday. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 14.51 and a beta of 1.56. 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 Co. has a 52 week low of $66.47 and a 52 week high of $99.68. The firm’s 50-day simple moving average is $89.30 and its two-hundred day simple moving average is $84.79.

Brunswick (NYSE:BC) 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 the consensus estimate of $1.44 billion. Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The business’s revenue was down 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.99 EPS. As a group, equities analysts forecast that Brunswick Co. will post 7.5 earnings per share for the current year.

Brunswick Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were paid a $0.42 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.68 annualized dividend and a dividend yield of 1.95%. Brunswick’s dividend payout ratio (DPR) is presently 28.24%.

Brunswick 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.