Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Brunswick Co. (NYSE:BC) by 47.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,757 shares of the company’s stock after buying an additional 1,540 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brunswick were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Hermes Investment Management Ltd. boosted its holdings in shares of Brunswick by 4.2% in the 4th quarter. Hermes Investment Management Ltd. now owns 876,596 shares of the company’s stock worth $48,406,000 after purchasing an additional 35,370 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Brunswick by 776.9% in the 4th quarter. SG Americas Securities LLC now owns 23,747 shares of the company’s stock worth $1,311,000 after purchasing an additional 21,039 shares in the last quarter. SeaBridge Investment Advisors LLC purchased a new position in shares of Brunswick in the 4th quarter worth about $7,237,000. Cerebellum GP LLC purchased a new position in shares of Brunswick in the 4th quarter worth about $128,000. Finally, Strs Ohio boosted its holdings in shares of Brunswick by 13.3% in the 4th quarter. Strs Ohio now owns 170,000 shares of the company’s stock worth $9,387,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 89.61% of the company’s stock.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher F. Dekker sold 3,100 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total value of $182,404.00. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Shares of Brunswick Co. (NYSE:BC) opened at $59.04 on Tuesday. Brunswick Co. has a 52 week low of $48.04 and a 52 week high of $64.45. The company has a quick ratio of 1.04, a current ratio of 1.78 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $5,177.21, a PE ratio of 15.54, a PEG ratio of 0.79 and a beta of 1.82.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. analysts expect that Brunswick Co. will post 4.58 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, February 26th. Brunswick’s payout ratio is 47.80%.
A number of equities analysts have recently issued reports on the company. Wedbush upgraded Brunswick from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $57.54 to $70.00 in a report on Wednesday, February 14th. Zacks Investment Research raised Brunswick from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, February 6th. Citigroup boosted their target price on Brunswick from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. BMO Capital Markets boosted their target price on Brunswick to $69.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Finally, Imperial Capital boosted their target price on Brunswick from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average 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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