Arrowstreet Capital Limited Partnership raised its stake in Brunswick Co. (NYSE:BC) by 448.2% in the fourth quarter, HoldingsChannel reports. The firm owned 337,700 shares of the company’s stock after acquiring an additional 276,100 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Brunswick were worth $18,648,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Cerebellum GP LLC bought a new position in Brunswick in the fourth quarter valued at approximately $128,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after acquiring an additional 2,201 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in shares of Brunswick during the 2nd quarter worth approximately $263,000. Boothbay Fund Management LLC bought a new position in shares of Brunswick during the 3rd quarter worth approximately $252,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 worth $263,000 after acquiring an additional 1,540 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.
Several research analysts have recently commented on the company. B. Riley lifted their target price on Brunswick from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. CL King reiterated a “neutral” rating on shares of Brunswick in a research note on Friday, February 2nd. KeyCorp lifted their target price on Brunswick from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Northcoast Research set a $64.00 target price on Brunswick and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Imperial Capital lifted their target price on Brunswick from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. Brunswick currently has an average rating of “Buy” and an average price target of $66.13.
Shares of Brunswick Co. (NYSE BC) opened at $59.02 on Friday. The stock has a market capitalization of $5,180.00, a price-to-earnings ratio of 20.64, a P/E/G ratio of 0.78 and a beta of 1.81. Brunswick Co. has a one year low of $48.04 and a one year 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.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). The firm had revenue of $1.09 billion during 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 business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. equities analysts predict that Brunswick Co. will post 4.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.76 annualized dividend and a yield of 1.29%. Brunswick’s dividend payout ratio (DPR) is presently 26.57%.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of Brunswick stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher F. Dekker sold 3,100 shares of Brunswick stock in a transaction 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. Insiders own 1.00% of the company’s stock.
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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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