New Mexico Educational Retirement Board acquired a new position in Brunswick Co. (NYSE:BC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,000 shares of the company’s stock, valued at approximately $1,215,000.
Other institutional investors have also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new position in shares of Brunswick during the fourth quarter worth approximately $128,000. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Brunswick by 1,158.4% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after acquiring an additional 2,201 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Brunswick during the third quarter worth approximately $252,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Brunswick during the second quarter worth approximately $263,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Brunswick by 47.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock worth $263,000 after acquiring an additional 1,540 shares during the period. 89.61% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on BC shares. Royal Bank of Canada reduced their target price on shares of Brunswick from $67.00 to $56.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. B. Riley increased their price objective on shares of Brunswick from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Brunswick from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, CL King reiterated a “neutral” rating on shares of Brunswick in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. Brunswick presently has an average rating of “Buy” and a consensus target price of $66.13.
Shares of Brunswick Co. (BC) opened at $58.68 on Thursday. The firm has a market cap of $5,053.81, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 0.77 and a beta of 1.82. Brunswick Co. has a one year low of $48.04 and a one year high of $64.45. The company has a quick ratio of 1.04, a current ratio of 1.78 and a debt-to-equity ratio of 0.29.
Brunswick (NYSE:BC) last announced its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. Brunswick’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. equities research analysts anticipate that Brunswick Co. will post 4.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.76 annualized dividend and a yield of 1.30%. Brunswick’s dividend payout ratio (DPR) is 47.80%.
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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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