KBC Group NV lessened its holdings in Brunswick Co. (NYSE:BC) by 24.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 68,303 shares of the company’s stock after selling 22,000 shares during the quarter. KBC Group NV’s holdings in Brunswick were worth $3,772,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. boosted its position in Brunswick by 4.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,928,462 shares of the company’s stock valued at $162,382,000 after buying an additional 120,485 shares during the period. TimesSquare Capital Management LLC boosted its position in Brunswick by 12.3% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,191,300 shares of the company’s stock valued at $122,647,000 after buying an additional 240,600 shares during the period. Schroder Investment Management Group boosted its position in Brunswick by 13.2% in the 3rd quarter. Schroder Investment Management Group now owns 1,673,989 shares of the company’s stock valued at $92,823,000 after buying an additional 195,394 shares during the period. Victory Capital Management Inc. boosted its position in Brunswick by 10.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,581,911 shares of the company’s stock valued at $88,539,000 after buying an additional 146,661 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Brunswick by 8.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 901,104 shares of the company’s stock valued at $50,433,000 after buying an additional 66,840 shares during the period. 89.61% of the stock is owned by institutional investors.
In related news, VP Christopher F. Dekker sold 3,100 shares of Brunswick stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John C. Pfeifer sold 3,780 shares of Brunswick stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. Brunswick’s revenue was up 10.6% compared to the same quarter last year. analysts predict that Brunswick Co. will post 4.58 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.76 annualized dividend and a yield of 1.29%. Brunswick’s dividend payout ratio is currently 47.80%.
A number of brokerages have recently weighed in on BC. Royal Bank of Canada reduced their price objective on shares of Brunswick from $67.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, November 6th. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a report on Friday, November 3rd. B. Riley raised their price objective on shares of Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Brunswick from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, CL King restated a “neutral” rating on shares of Brunswick in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $66.13.
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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