Allianz Asset Management GmbH Has $45.26 Million Position in Brunswick Co. (BC)

Allianz Asset Management GmbH boosted its stake in Brunswick Co. (NYSE:BC) by 1.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 808,710 shares of the company’s stock after buying an additional 14,141 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.92% of Brunswick worth $45,263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BC. Advisors Asset Management Inc. purchased a new stake in Brunswick in the 2nd quarter valued at $134,000. Bronfman E.L. Rothschild L.P. raised its position in Brunswick by 149.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after buying an additional 1,529 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Brunswick by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after buying an additional 280 shares during the last quarter. Advisor Group Inc. grew its stake in Brunswick by 2.7% in the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the period. Finally, Pitcairn Co. bought a new position in Brunswick in the 2nd quarter valued at $213,000. 92.66% of the stock is owned by institutional investors and hedge funds.

Brunswick Co. (BC) opened at $55.51 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81. The firm has a market capitalization of $4,908.88, a price-to-earnings ratio of 14.85, a PEG ratio of 0.89 and a beta of 1.90. Brunswick Co. has a 12 month low of $48.04 and a 12 month high of $63.82.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.09). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. research analysts forecast that Brunswick Co. will post 3.86 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.19 per share. This is an increase from Brunswick’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Monday, November 20th. This represents a $0.76 annualized dividend and a dividend yield of 1.37%. Brunswick’s dividend payout ratio is presently 24.52%.

A number of brokerages have issued reports on BC. B. Riley set a $70.00 price objective on Brunswick and gave the company a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets restated a “buy” rating and issued a $68.00 price objective on shares of Brunswick in a research note on Friday, October 13th. ValuEngine upgraded Brunswick from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Brunswick in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $62.50.

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Brunswick Profile

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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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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