TimesSquare Capital Management LLC boosted its position in shares of Brunswick Co. (NYSE:BC) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,468,150 shares of the company’s stock after buying an additional 276,850 shares during the period. Brunswick accounts for about 0.9% of TimesSquare Capital Management LLC’s portfolio, making the stock its 24th largest holding. TimesSquare Capital Management LLC owned 2.81% of Brunswick worth $136,291,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of BC. Cerebellum GP LLC acquired a new position in Brunswick during the fourth quarter worth $128,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Brunswick by 1,158.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after purchasing an additional 2,201 shares during the last quarter. Annex Advisory Services LLC purchased a new position in shares of Brunswick during the fourth quarter worth about $238,000. Boothbay Fund Management LLC purchased a new position in shares of Brunswick during the third quarter worth about $252,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Brunswick during the second quarter worth about $263,000. Institutional investors and hedge funds own 93.79% of the company’s stock.
In other news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were 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 is accessible through this link. Also, VP Christopher F. Dekker sold 3,100 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $58.84, for a total transaction of $182,404.00. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Brunswick Co. (BC) traded down $0.17 during trading hours on Wednesday, reaching $61.03. 198,357 shares of the company were exchanged, compared to its average volume of 962,716. The firm has a market cap of $5,418.04, a price-to-earnings ratio of 38.33, a PEG ratio of 0.83 and a beta of 1.83. Brunswick Co. has a 1-year low of $48.04 and a 1-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 posted its quarterly earnings data on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. equities analysts anticipate that Brunswick Co. will post 4.59 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Monday, February 26th. Brunswick’s payout ratio is 47.80%.
Several analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of Brunswick and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. B. Riley restated a “buy” rating on shares of Brunswick in a report on Wednesday, December 6th. Imperial Capital reiterated a “buy” rating and issued a $65.00 price objective on shares of Brunswick in a report on Wednesday, December 13th. They noted that the move was a valuation call. Robert W. Baird restated a “buy” rating and issued a $65.00 target price on shares of Brunswick in a research note on Friday, December 22nd. Finally, Zacks Investment Research downgraded shares of Brunswick from a “hold” rating to a “sell” rating in a research report on Monday, January 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. Brunswick has an average rating of “Buy” and an average target price of $68.79.
Brunswick Company Profile
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.