NN Investment Partners Holdings N.V. Acquires Shares of 37,686 Brunswick Co. (BC)

NN Investment Partners Holdings N.V. acquired a new position in shares of Brunswick Co. (NYSE:BC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 37,686 shares of the company’s stock, valued at approximately $2,526,000.

A number of other institutional investors also recently made changes to their positions in BC. Voya Investment Management LLC raised its position in Brunswick by 84.5% in the second quarter. Voya Investment Management LLC now owns 2,873,040 shares of the company’s stock valued at $185,254,000 after purchasing an additional 1,315,663 shares during the period. FMR LLC grew its stake in shares of Brunswick by 30.3% in the second quarter. FMR LLC now owns 2,704,125 shares of the company’s stock valued at $174,362,000 after buying an additional 628,227 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Brunswick by 1,754.3% during the 2nd quarter. OppenheimerFunds Inc. now owns 425,625 shares of the company’s stock worth $27,445,000 after purchasing an additional 402,671 shares in the last quarter. SG Capital Management LLC acquired a new position in Brunswick during the 3rd quarter worth $18,507,000. Finally, LSV Asset Management grew its stake in Brunswick by 52.6% during the 2nd quarter. LSV Asset Management now owns 795,140 shares of the company’s stock worth $51,270,000 after purchasing an additional 274,100 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

NYSE:BC opened at $53.28 on Monday. The stock has a market cap of $4.62 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.93 and a beta of 1.81. Brunswick Co. has a 1 year low of $48.27 and a 1 year high of $69.82. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 0.57.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 25th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Brunswick had a return on equity of 26.19% and a net margin of 2.12%. As a group, research analysts forecast that Brunswick Co. will post 4.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be issued a $0.21 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, November 19th. Brunswick’s payout ratio is presently 19.54%.

Several research firms recently commented on BC. Wedbush boosted their target price on Brunswick from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, August 13th. They noted that the move was a valuation call. Citigroup lowered their target price on Brunswick from $81.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, August 15th. KeyCorp boosted their target price on Brunswick from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. ValuEngine cut Brunswick from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating and set a $69.00 target price for the company in a research note on Monday, October 15th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $72.77.

In other news, insider John C. Pfeifer sold 5,446 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $66.95, for a total value of $364,609.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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