HBK Investments L P boosted its position in Brunswick Co. (NYSE:BC) by 110.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 129,009 shares of the company’s stock after acquiring an additional 67,609 shares during the period. HBK Investments L P owned about 0.15% of Brunswick worth $7,124,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in shares of Brunswick in the 4th quarter valued at $128,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Brunswick by 1,158.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after purchasing an additional 2,201 shares during the last quarter. Annex Advisory Services LLC acquired a new position in shares of Brunswick in the 4th quarter valued at $238,000. Boothbay Fund Management LLC acquired a new position in shares of Brunswick in the 3rd quarter valued at $252,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Brunswick by 47.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock valued at $263,000 after purchasing an additional 1,540 shares during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the stock. Northcoast Research set a $69.00 price target on shares of Brunswick and gave the company a “buy” rating in a report on Friday, March 2nd. Robert W. Baird restated a “buy” rating and set a $65.00 target price on shares of Brunswick in a report on Friday, December 22nd. Imperial Capital restated a “buy” rating and set a $65.00 target price on shares of Brunswick in a report on Wednesday, December 13th. They noted that the move was a valuation call. Wedbush upgraded shares of Brunswick from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $57.54 to $70.00 in a report on Wednesday, February 14th. Finally, Zacks Investment Research upgraded shares of Brunswick from a “sell” rating to a “hold” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $68.79.
In other Brunswick news, VP Christopher F. Dekker sold 3,100 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Brunswick Co. (NYSE:BC) opened at $61.20 on Wednesday. Brunswick Co. has a 1-year low of $48.04 and a 1-year high of $64.45. 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 company has a market cap of $5,418.04, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 0.83 and a beta of 1.83.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. equities analysts expect that Brunswick Co. will post 4.59 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.24%. Brunswick’s dividend payout ratio is currently 47.80%.
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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