Massachusetts Financial Services Co. MA grew its stake in Brunswick Co. (NYSE:BC) by 237.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,019,402 shares of the company’s stock after purchasing an additional 717,435 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Brunswick were worth $60,542,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Brunswick by 128.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,006,453 shares of the company’s stock worth $166,017,000 after buying an additional 1,689,317 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Brunswick by 213.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,131,199 shares of the company’s stock worth $117,685,000 after buying an additional 1,451,636 shares in the last quarter. Impala Asset Management LLC acquired a new position in Brunswick during the 4th quarter worth $50,358,000. Two Sigma Advisers LP lifted its holdings in Brunswick by 315.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,093,746 shares of the company’s stock worth $60,397,000 after buying an additional 830,300 shares in the last quarter. Finally, Lakewood Capital Management LP acquired a new position in Brunswick during the 4th quarter worth $24,090,000. Institutional investors own 93.77% of the company’s stock.
Several research analysts have issued reports on BC shares. Zacks Investment Research raised Brunswick from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Thursday, April 5th. SunTrust Banks upped their price objective on Brunswick to $78.00 and gave the stock a “buy” rating in a report on Monday, March 5th. B. Riley upped their price objective on Brunswick from $68.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, April 13th. Imperial Capital upped their price objective on Brunswick from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, February 5th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Brunswick in a report on Friday, March 2nd. 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. Brunswick currently has a consensus rating of “Buy” and a consensus target price of $69.66.
Brunswick opened at $61.00 on Wednesday, MarketBeat Ratings reports. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.07 and a beta of 1.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.73 and a quick ratio of 0.96. Brunswick Co. has a 1 year low of $60.70 and a 1 year high of $61.78.
Brunswick (NYSE:BC) last released its earnings results on Thursday, April 26th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.07. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Brunswick had a return on equity of 23.33% and a net margin of 3.26%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. sell-side analysts forecast that Brunswick Co. will post 4.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, May 22nd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Monday, May 21st. Brunswick’s dividend payout ratio (DPR) is presently 19.54%.
In other Brunswick news, VP Christopher F. Dekker sold 3,100 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $58.84, for a total transaction of $182,404.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
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, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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