Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Brunswick Co. (NYSE:BC) by 47.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,757 shares of the company’s stock after purchasing an additional 1,540 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brunswick were worth $263,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Advisor Group Inc. lifted its holdings in Brunswick by 108.6% during the third quarter. Advisor Group Inc. now owns 6,896 shares of the company’s stock worth $386,000 after acquiring an additional 3,590 shares during the period. Prudential Financial Inc. lifted its holdings in Brunswick by 106.9% during the third quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock worth $32,976,000 after acquiring an additional 304,470 shares during the period. Candriam Luxembourg S.C.A. bought a new stake in Brunswick during the third quarter worth $3,322,000. Strs Ohio lifted its holdings in Brunswick by 30.4% during the third quarter. Strs Ohio now owns 150,000 shares of the company’s stock worth $8,395,000 after acquiring an additional 35,000 shares during the period. Finally, Cannell Peter B & Co. Inc. lifted its holdings in Brunswick by 25.3% during the third quarter. Cannell Peter B & Co. Inc. now owns 635,980 shares of the company’s stock worth $35,596,000 after acquiring an additional 128,390 shares during the period. Institutional investors own 89.61% of the company’s stock.
BC has been the topic of several research reports. B. Riley boosted their target price on Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. CL King restated a “neutral” rating on shares of Brunswick in a research note on Friday, February 2nd. KeyCorp boosted their target price on Brunswick from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Northcoast Research set a $64.00 target price on Brunswick and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Imperial Capital boosted their target price on Brunswick from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $66.13.
Brunswick Co. (BC) opened at $59.04 on Tuesday. The firm has a market capitalization of $5,177.21, a price-to-earnings ratio of 15.54, a PEG ratio of 0.79 and a beta of 1.82. Brunswick Co. has a 52-week low of $48.04 and a 52-week high of $64.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04.
Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. Brunswick’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. analysts anticipate that Brunswick Co. will post 4.58 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, February 26th. Brunswick’s dividend payout ratio (DPR) is presently 47.80%.
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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