Amundi Pioneer Asset Management Inc. bought a new stake in Brunswick Co. (NYSE:BC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 268,449 shares of the company’s stock, valued at approximately $14,823,000. Amundi Pioneer Asset Management Inc. owned 0.31% of Brunswick as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Channing Capital Management LLC increased its position in Brunswick by 7.5% during the 4th quarter. Channing Capital Management LLC now owns 198,334 shares of the company’s stock valued at $10,957,000 after buying an additional 13,766 shares in the last quarter. Kennedy Capital Management Inc. increased its position in Brunswick by 35.6% during the 4th quarter. Kennedy Capital Management Inc. now owns 276,144 shares of the company’s stock valued at $15,249,000 after buying an additional 72,441 shares in the last quarter. Impala Asset Management LLC bought a new position in Brunswick during the 4th quarter valued at approximately $50,358,000. King Luther Capital Management Corp bought a new position in Brunswick during the 4th quarter valued at approximately $778,000. Finally, Carillon Tower Advisers Inc. bought a new position in Brunswick during the 4th quarter valued at approximately $20,660,000. Institutional investors own 93.79% of the company’s stock.
Shares of Brunswick Co. (NYSE:BC) opened at $60.56 on Friday. The company has a market capitalization of $5,358.51, a price-to-earnings ratio of 38.09, a price-to-earnings-growth ratio of 0.82 and a beta of 1.83. Brunswick Co. has a fifty-two week low of $48.04 and a fifty-two 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.
Brunswick (NYSE:BC) last posted its earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. sell-side analysts expect that Brunswick Co. will post 4.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, February 26th. Brunswick’s payout ratio is 47.80%.
In related 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher F. Dekker sold 3,100 shares of Brunswick stock in a transaction 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.
A number of research firms recently weighed in on BC. Northcoast Research set a $69.00 price objective on Brunswick and gave the company a “buy” rating in a research report on Friday, March 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $65.00 price objective on shares of Brunswick in a research report on Friday, December 22nd. Imperial Capital reaffirmed a “buy” rating and set a $65.00 price objective on shares of Brunswick in a research report on Wednesday, December 13th. They noted that the move was a valuation call. Wedbush raised Brunswick from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $57.54 to $70.00 in a research report on Wednesday, February 14th. Finally, Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $68.79.
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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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