Goldman Sachs Group Inc. lifted its position in Brunswick Co. (NYSE:BC) by 128.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,006,453 shares of the company’s stock after purchasing an additional 1,689,317 shares during the period. Goldman Sachs Group Inc. owned 3.43% of Brunswick worth $166,017,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the stock. Stone Ridge Asset Management LLC bought a new position in Brunswick in the fourth quarter worth approximately $1,109,000. Guggenheim Capital LLC raised its stake in Brunswick by 37.2% in the fourth quarter. Guggenheim Capital LLC now owns 20,455 shares of the company’s stock worth $1,129,000 after buying an additional 5,546 shares in the last quarter. Advisor Group Inc. raised its stake in Brunswick by 33.2% in the fourth quarter. Advisor Group Inc. now owns 9,188 shares of the company’s stock worth $508,000 after buying an additional 2,292 shares in the last quarter. Lakewood Capital Management LP bought a new position in Brunswick in the fourth quarter worth approximately $24,090,000. Finally, AMP Capital Investors Ltd bought a new position in Brunswick in the fourth quarter worth approximately $458,000. 93.78% of the stock is owned by institutional investors.
Shares of Brunswick stock traded down $0.61 during mid-day trading on Monday, hitting $61.00. The stock had a trading volume of 289,573 shares, compared to its average volume of 951,006. The firm has a market capitalization of $5,394.40, a P/E ratio of 38.32, a PEG ratio of 0.83 and a beta of 1.83. 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 1-year low of $48.04 and a 1-year high of $64.45.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, February 26th. Brunswick’s payout ratio is 47.80%.
In related news, insider John C. Pfeifer sold 3,780 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total value of $207,748.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Christopher F. Dekker sold 3,100 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total value of $182,404.00. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
A number of brokerages recently commented on BC. Imperial Capital reissued an “outperform” rating and issued a $78.00 price objective (up previously from $70.00) on shares of Brunswick in a research note on Tuesday, March 6th. Robert W. Baird reissued an “outperform” rating and issued a $80.00 price objective (up previously from $72.00) on shares of Brunswick in a research note on Friday, March 2nd. ValuEngine downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Northcoast Research set a $69.00 price objective on shares of Brunswick and gave the stock a “buy” rating in a research note on Friday, March 2nd. Finally, CL King raised shares of Brunswick from a “neutral” rating to a “buy” rating in a research note on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $68.79.
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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