Great West Life Assurance Co. Can increased its stake in shares of Brunswick Co. (NYSE:BC) by 7.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 53,013 shares of the company’s stock after acquiring an additional 3,684 shares during the period. Great West Life Assurance Co. Can’s holdings in Brunswick were worth $2,285,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp raised its position in shares of Brunswick by 1.8% in the fourth quarter. Northern Trust Corp now owns 681,798 shares of the company’s stock valued at $31,670,000 after buying an additional 11,892 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in Brunswick during the fourth quarter worth approximately $1,093,000. Channing Capital Management LLC increased its position in Brunswick by 18.8% during the fourth quarter. Channing Capital Management LLC now owns 152,877 shares of the company’s stock worth $7,101,000 after purchasing an additional 24,228 shares during the last quarter. Bahl & Gaynor Inc. increased its position in Brunswick by 18.3% during the fourth quarter. Bahl & Gaynor Inc. now owns 94,044 shares of the company’s stock worth $4,368,000 after purchasing an additional 14,574 shares during the last quarter. Finally, Grandfield & Dodd LLC increased its position in Brunswick by 2.4% during the fourth quarter. Grandfield & Dodd LLC now owns 196,798 shares of the company’s stock worth $9,141,000 after purchasing an additional 4,698 shares during the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the stock. ValuEngine raised shares of Brunswick from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Wells Fargo & Co dropped their price target on shares of Brunswick from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, December 18th. JPMorgan Chase & Co. assumed coverage on shares of Brunswick in a research report on Friday, January 11th. They set a “neutral” rating and a $52.00 price target for the company. B. Riley reaffirmed a “buy” rating on shares of Brunswick in a research report on Thursday, December 27th. Finally, TheStreet raised shares of Brunswick from a “c” rating to a “b-” rating in a research report on Thursday, January 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Brunswick currently has a consensus rating of “Buy” and a consensus price target of $70.67.
BC opened at $49.73 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. Brunswick Co. has a 52-week low of $41.92 and a 52-week high of $69.82. The company has a market cap of $4.33 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 0.97 and a beta of 1.67.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, January 31st. The company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.08. Brunswick had a net margin of 5.20% and a return on equity of 27.37%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. On average, research analysts predict that Brunswick Co. will post 4.97 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 26th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, February 25th. This represents a $0.84 annualized dividend and a yield of 1.69%. Brunswick’s dividend payout ratio is currently 17.61%.
In other Brunswick news, VP Daniel J. Tanner sold 3,373 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $53.28, for a total transaction of $179,713.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher F. Dekker sold 1,279 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $48.67, for a total transaction of $62,248.93. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,251 shares of company stock valued at $321,816. 1.00% of the stock is owned by insiders.
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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, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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