Flinton Capital Management LLC decreased its position in Brunswick Co. (NYSE:BC) by 19.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,912 shares of the company’s stock after selling 2,380 shares during the period. Flinton Capital Management LLC’s holdings in Brunswick were worth $547,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Brunswick by 34.5% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 174,618 shares of the company’s stock valued at $9,642,000 after buying an additional 44,808 shares during the period. Elkfork Partners LLC acquired a new position in shares of Brunswick in the 4th quarter valued at $430,000. TIAA CREF Investment Management LLC lifted its position in Brunswick by 16.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 224,629 shares of the company’s stock valued at $12,404,000 after acquiring an additional 31,062 shares in the last quarter. Teachers Advisors LLC lifted its position in Brunswick by 1.1% in the 4th quarter. Teachers Advisors LLC now owns 97,458 shares of the company’s stock valued at $5,382,000 after acquiring an additional 1,060 shares in the last quarter. Finally, HBK Investments L P lifted its position in Brunswick by 110.1% in the 4th quarter. HBK Investments L P now owns 129,009 shares of the company’s stock valued at $7,124,000 after acquiring an additional 67,609 shares in the last quarter. 93.78% of the stock is owned by institutional investors.
Shares of BC stock opened at $61.28 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78. Brunswick Co. has a 52-week low of $48.04 and a 52-week high of $64.45. The company has a market cap of $5,372.52, a PE ratio of 38.54, a price-to-earnings-growth ratio of 0.82 and a beta of 1.83.
Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.04). Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm earned $0.66 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. sell-side analysts anticipate that Brunswick Co. will post 4.59 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.19 per share. The ex-dividend date was Monday, February 26th. This represents a $0.76 annualized dividend and a yield of 1.24%. Brunswick’s dividend payout ratio (DPR) is presently 47.80%.
Several equities research analysts recently commented on BC shares. B. Riley boosted their price objective on shares of Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. CL King reaffirmed a “neutral” rating on shares of Brunswick in a research report on Friday, February 2nd. Citigroup boosted their price objective on shares of Brunswick from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Northcoast Research set a $64.00 price objective on shares of Brunswick and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, BMO Capital Markets boosted their price objective on shares of Brunswick to $69.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $68.79.
In other Brunswick news, VP Christopher F. Dekker sold 3,100 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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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