State Treasurer State of Michigan cut its position in Brunswick Co. (NYSE:BC) by 5.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,500 shares of the company’s stock after selling 1,900 shares during the quarter. State Treasurer State of Michigan’s holdings in Brunswick were worth $1,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently bought and sold shares of BC. Advisor Group Inc. raised its position in shares of Brunswick by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after buying an additional 87 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Brunswick by 1.5% during the 2nd quarter. HighTower Advisors LLC now owns 8,107 shares of the company’s stock valued at $509,000 after buying an additional 122 shares in the last quarter. Stifel Financial Corp raised its position in shares of Brunswick by 6.2% during the 2nd quarter. Stifel Financial Corp now owns 25,067 shares of the company’s stock valued at $1,572,000 after buying an additional 1,458 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Brunswick by 47.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock valued at $263,000 after buying an additional 1,540 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Brunswick by 11.5% during the 3rd quarter. Pacer Advisors Inc. now owns 15,712 shares of the company’s stock valued at $879,000 after buying an additional 1,617 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.
Brunswick Co. (BC) opened at $57.39 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.04 and a debt-to-equity ratio of 0.29. Brunswick Co. has a twelve month low of $48.04 and a twelve month high of $64.45. The company has a market cap of $5,045.68, a price-to-earnings ratio of 36.09, a P/E/G ratio of 0.77 and a beta of 1.82.
Brunswick (NYSE:BC) last released its earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the business posted $0.66 EPS. Brunswick’s revenue for the quarter was up 10.6% on a year-over-year basis. research analysts forecast that Brunswick Co. will post 4.58 earnings per share for the current year.
In related news, insider John C. Pfeifer sold 3,780 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.
BC has been the topic of several research reports. Zacks Investment Research cut shares of Brunswick from a “hold” rating to a “sell” rating in a research report on Monday, January 1st. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Imperial Capital restated a “buy” rating and set a $65.00 price objective on shares of Brunswick in a research report on Wednesday, December 13th. They noted that the move was a valuation call. Stifel Nicolaus lowered their price objective on shares of Brunswick from $68.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Finally, Royal Bank of Canada restated a “buy” rating and set a $66.00 price objective on shares of Brunswick in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $66.13.
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Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
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