California Public Employees Retirement System boosted its stake in Brunswick Co. (NYSE:BC) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 204,411 shares of the company’s stock after acquiring an additional 11,488 shares during the period. California Public Employees Retirement System’s holdings in Brunswick were worth $11,288,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of BC. Cerebellum GP LLC bought a new stake in shares of Brunswick during the 4th quarter valued at $128,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after acquiring an additional 2,201 shares during the period. Boothbay Fund Management LLC bought a new stake in shares of Brunswick during the 3rd quarter valued at $252,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Brunswick during the 2nd quarter valued at $263,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Brunswick by 47.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock valued at $263,000 after acquiring an additional 1,540 shares during the period. 89.61% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on BC shares. B. Riley set a $65.00 price objective on shares of Brunswick and gave the company a “buy” rating in a research report on Tuesday, October 31st. Imperial Capital cut their price objective on shares of Brunswick from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. Northcoast Research raised shares of Brunswick from a “neutral” rating to a “buy” rating in a research report on Friday, November 3rd. Royal Bank of Canada cut their price objective on shares of Brunswick from $67.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday, November 6th. Finally, Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $66.13.
Brunswick Co. (NYSE:BC) opened at $57.24 on Wednesday. The firm has a market cap of $5,155.37, a price-to-earnings ratio of 15.49, a P/E/G ratio of 0.79 and a beta of 1.82. 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 Co. has a 1-year low of $48.04 and a 1-year high of $64.45.
Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.04). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. analysts expect 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. Shareholders of record on Tuesday, February 27th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.33%. The ex-dividend date is Monday, February 26th. Brunswick’s payout ratio is currently 47.80%.
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Brunswick Company 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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