Lightrock Netherlands B.V. Has $27.53 Million Stock Holdings in Brunswick Corporation $BC

Lightrock Netherlands B.V. trimmed its position in shares of Brunswick Corporation (NYSE:BC) by 15.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 435,278 shares of the company’s stock after selling 80,487 shares during the period. Brunswick accounts for 6.1% of Lightrock Netherlands B.V.’s portfolio, making the stock its 2nd largest holding. Lightrock Netherlands B.V.’s holdings in Brunswick were worth $27,527,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Brunswick by 812.7% during the second quarter. AQR Capital Management LLC now owns 705,719 shares of the company’s stock valued at $38,934,000 after acquiring an additional 628,393 shares during the period. Norges Bank bought a new stake in Brunswick during the 2nd quarter valued at approximately $27,990,000. Franklin Resources Inc. lifted its holdings in Brunswick by 194.2% in the 2nd quarter. Franklin Resources Inc. now owns 574,352 shares of the company’s stock worth $31,727,000 after purchasing an additional 379,155 shares in the last quarter. Pacer Advisors Inc. bought a new position in Brunswick in the 3rd quarter worth approximately $23,061,000. Finally, American Century Companies Inc. grew its holdings in Brunswick by 22.7% during the 2nd quarter. American Century Companies Inc. now owns 1,472,467 shares of the company’s stock valued at $81,339,000 after buying an additional 272,815 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BC. Truist Financial boosted their target price on shares of Brunswick from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Morgan Stanley set a $81.00 price target on shares of Brunswick in a research note on Friday, January 16th. Citigroup raised their price objective on Brunswick from $82.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Texas Capital cut Brunswick from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Seaport Research Partners raised Brunswick to a “strong-buy” rating in a research note on Monday, December 8th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $78.92.

Brunswick Stock Down 1.6%

Shares of NYSE BC opened at $86.59 on Friday. The firm’s 50-day moving average price is $75.49 and its 200-day moving average price is $67.56. The company has a current ratio of 1.78, a quick ratio of 0.73 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of -23.79 and a beta of 1.36. Brunswick Corporation has a 12-month low of $41.00 and a 12-month high of $89.61.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.84 by $0.13. Brunswick had a positive return on equity of 10.55% and a negative net margin of 4.60%.The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business posted $1.17 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. On average, equities research analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.