Liberty Mutual Group Asset Management Inc. lowered its holdings in Brunswick Co. (NYSE:BC) by 23.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,271 shares of the company’s stock after selling 5,251 shares during the quarter. Liberty Mutual Group Asset Management Inc.’s holdings in Brunswick were worth $1,026,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in shares of Brunswick by 128.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,006,453 shares of the company’s stock worth $166,017,000 after acquiring an additional 1,689,317 shares during the period. Wells Fargo & Company MN lifted its position in shares of Brunswick by 213.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,131,199 shares of the company’s stock worth $117,685,000 after acquiring an additional 1,451,636 shares during the period. Impala Asset Management LLC bought a new stake in shares of Brunswick in the 4th quarter worth approximately $50,358,000. Two Sigma Advisers LP lifted its position in shares of Brunswick by 315.2% in the 4th quarter. Two Sigma Advisers LP now owns 1,093,746 shares of the company’s stock worth $60,397,000 after acquiring an additional 830,300 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Brunswick by 237.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,019,402 shares of the company’s stock worth $60,542,000 after acquiring an additional 717,435 shares during the period. 94.83% of the stock is currently owned by hedge funds and other institutional investors.
Brunswick stock opened at $62.24 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.73 and a debt-to-equity ratio of 0.29. The company has a market cap of $5.45 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.10 and a beta of 1.84. Brunswick Co. has a one year low of $48.04 and a one year high of $64.45.
Brunswick (NYSE:BC) last posted its earnings results on Thursday, April 26th. The company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.07. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Brunswick had a return on equity of 23.33% and a net margin of 3.26%. Brunswick’s revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. equities research analysts forecast that Brunswick Co. will post 4.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, May 22nd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, May 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.22%. Brunswick’s dividend payout ratio (DPR) is presently 4.88%.
A number of brokerages have commented on BC. Northcoast Research set a $69.00 price objective on Brunswick and gave the stock a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research downgraded Brunswick from a “buy” rating to a “hold” rating in a research report on Tuesday, April 10th. ValuEngine downgraded Brunswick from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. B. Riley raised their price objective on Brunswick from $68.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, April 13th. Finally, Wedbush upgraded Brunswick from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $57.54 to $70.00 in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company. Brunswick has a consensus rating of “Buy” and an average price target of $69.66.
Brunswick Company Profile
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.
Want to see what other hedge funds are holding BC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brunswick Co. (NYSE:BC).
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.