Perbak Capital Partners LLP Acquires Shares of 21,177 Brunswick Corporation $BC

Perbak Capital Partners LLP bought a new stake in shares of Brunswick Corporation (NYSE:BC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,177 shares of the company’s stock, valued at approximately $1,339,000.

Several other large investors also recently modified their holdings of BC. Massachusetts Financial Services Co. MA raised its stake in Brunswick by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,494,664 shares of the company’s stock valued at $221,003,000 after purchasing an additional 11,777 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Brunswick by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,749,443 shares of the company’s stock valued at $173,879,000 after buying an additional 54,838 shares in the last quarter. American Century Companies Inc. raised its position in shares of Brunswick by 56.4% in the 3rd quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock valued at $145,637,000 after buying an additional 830,451 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Brunswick by 2.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,852,050 shares of the company’s stock worth $117,124,000 after acquiring an additional 44,431 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Brunswick by 70.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,700,164 shares of the company’s stock worth $107,518,000 after acquiring an additional 700,447 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BC shares. Benchmark lifted their price objective on shares of Brunswick from $75.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Griffin Securities set a $76.00 target price on Brunswick in a research note on Monday, February 2nd. Jefferies Financial Group set a $115.00 target price on Brunswick and gave the company a “buy” rating in a report on Tuesday, January 6th. Seaport Research Partners upgraded Brunswick to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Robert W. Baird set a $85.00 price target on Brunswick in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $84.00.

Brunswick Trading Down 0.1%

Shares of BC stock opened at $68.90 on Friday. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $90.25. The stock’s fifty day simple moving average is $83.15 and its 200 day simple moving average is $72.65. The company has a quick ratio of 0.61, a current ratio of 1.44 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $4.47 billion, a P/E ratio of -32.50 and a beta of 1.39.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, January 29th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company earned $0.24 earnings per share. The business’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, sell-side analysts predict that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, February 23rd were issued a $0.44 dividend. This is a boost from Brunswick’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, February 23rd. This represents a $1.76 dividend on an annualized basis and a yield of 2.6%. Brunswick’s dividend payout ratio (DPR) is -83.02%.

Insider Activity at Brunswick

In other news, VP Christopher F. Dekker sold 4,981 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $87.38, for a total transaction of $435,239.78. Following the completion of the transaction, the vice president owned 39,740 shares of the company’s stock, valued at approximately $3,472,481.20. This trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David M. Foulkes sold 38,266 shares of Brunswick stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $86.56, for a total transaction of $3,312,304.96. Following the transaction, the chief executive officer owned 271,169 shares in the company, valued at approximately $23,472,388.64. This trade represents a 12.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is owned by company insiders.

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.