Ramsey Quantitative Systems acquired a new position in Brunswick Co. (NYSE:BC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,788 shares of the company’s stock, valued at approximately $264,000.
Other hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in Brunswick during the fourth quarter valued at approximately $128,000. Ladenburg Thalmann Financial Services Inc. raised its position in Brunswick by 1,158.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after acquiring an additional 2,201 shares in the last quarter. Boothbay Fund Management LLC purchased a new position in Brunswick during the third quarter valued at approximately $252,000. Raymond James Financial Services Advisors Inc. purchased a new position in Brunswick during the second quarter valued at approximately $263,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Brunswick by 47.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock valued at $263,000 after acquiring an additional 1,540 shares in the last quarter. Institutional investors own 89.61% of the company’s stock.
Shares of Brunswick Co. (NYSE BC) opened at $59.02 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04. The stock has a market capitalization of $5,075.70, a P/E ratio of 37.12, a PEG ratio of 0.78 and a beta of 1.82. Brunswick Co. has a 12 month low of $48.04 and a 12 month high of $64.45.
Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 earnings per share. research analysts predict that Brunswick Co. will post 4.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, February 26th. Brunswick’s dividend payout ratio is presently 47.80%.
BC has been the subject of several recent research reports. Royal Bank of Canada reduced their price target on Brunswick from $67.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, November 6th. Northcoast Research upgraded Brunswick from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. B. Riley boosted their price objective on Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Finally, CL King restated a “neutral” rating on shares of Brunswick in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. Brunswick has an average rating of “Buy” and an average price target of $66.13.
In other news, insider John C. Pfeifer sold 3,780 shares of Brunswick stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total value of $207,748.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Christopher F. Dekker sold 3,100 shares of Brunswick stock in a transaction that occurred on Thursday, February 15th. The stock was 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. Insiders own 1.00% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/24/ramsey-quantitative-systems-acquires-shares-of-4788-brunswick-co-bc.html.
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.
Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.