Marshall Wace LLP Has $43.32 Million Stake in Brunswick Co. (NYSE:BC)

Marshall Wace LLP raised its position in shares of Brunswick Co. (NYSE:BC) by 14.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 669,746 shares of the company’s stock after acquiring an additional 85,580 shares during the period. Marshall Wace LLP’s holdings in Brunswick were worth $43,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. MML Investors Services LLC grew its holdings in Brunswick by 30.7% in the 3rd quarter. MML Investors Services LLC now owns 7,119 shares of the company’s stock valued at $597,000 after buying an additional 1,671 shares during the last quarter. Barclays PLC raised its stake in Brunswick by 78.6% during the 3rd quarter. Barclays PLC now owns 118,189 shares of the company’s stock valued at $9,907,000 after purchasing an additional 52,024 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Brunswick by 12.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,808 shares of the company’s stock valued at $1,055,000 after purchasing an additional 1,387 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Brunswick by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 233,128 shares of the company’s stock valued at $19,394,000 after purchasing an additional 5,604 shares during the period. Finally, Lord Abbett & CO. LLC grew its position in Brunswick by 50.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 683,943 shares of the company’s stock worth $57,328,000 after purchasing an additional 228,662 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Trading Up 0.9 %

Shares of NYSE:BC opened at $43.74 on Friday. Brunswick Co. has a one year low of $41.00 and a one year high of $87.65. The stock has a market capitalization of $2.88 billion, a PE ratio of 23.02 and a beta of 1.42. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The company’s 50-day moving average price is $55.64 and its two-hundred day moving average price is $68.14.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the prior year, the business earned $1.45 earnings per share. On average, equities analysts forecast that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, February 24th were issued a $0.43 dividend. This is a boost from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Monday, February 24th. Brunswick’s dividend payout ratio is presently 90.53%.

Insiders Place Their Bets

In other news, Director Nancy E. Cooper sold 433 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the sale, the director now owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This represents a 1.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Randall S. Altman sold 3,417 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the sale, the senior vice president now owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BC has been the topic of a number of recent research reports. Roth Mkm decreased their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Baird R W lowered Brunswick from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Truist Financial decreased their price objective on shares of Brunswick from $85.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday. B. Riley upgraded Brunswick to a “hold” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus decreased their price objective on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.67.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.