OppenheimerFunds Inc. Has $24.45 Million Position in Brunswick Co. (NYSE:BC)

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OppenheimerFunds Inc. increased its position in shares of Brunswick Co. (NYSE:BC) by 5.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 485,717 shares of the company’s stock after buying an additional 24,120 shares during the period. OppenheimerFunds Inc.’s holdings in Brunswick were worth $24,446,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Brunswick by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 855,784 shares of the company’s stock valued at $39,750,000 after buying an additional 68,803 shares during the last quarter. Fernwood Investment Management LLC grew its position in shares of Brunswick by 17.0% during the 1st quarter. Fernwood Investment Management LLC now owns 15,125 shares of the company’s stock valued at $761,000 after buying an additional 2,200 shares during the last quarter. Jane Street Group LLC grew its position in shares of Brunswick by 210.5% during the 4th quarter. Jane Street Group LLC now owns 39,618 shares of the company’s stock valued at $1,840,000 after buying an additional 26,860 shares during the last quarter. Vanguard Group Inc grew its position in shares of Brunswick by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 7,493,427 shares of the company’s stock valued at $502,209,000 after buying an additional 136,697 shares during the last quarter. Finally, Channing Capital Management LLC grew its position in shares of Brunswick by 18.8% during the 4th quarter. Channing Capital Management LLC now owns 152,877 shares of the company’s stock valued at $7,101,000 after buying an additional 24,228 shares during the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

Brunswick stock opened at $44.59 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.61 and a debt-to-equity ratio of 0.87. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 9.35, a PEG ratio of 0.93 and a beta of 1.70. Brunswick Co. has a 52-week low of $41.02 and a 52-week high of $69.82.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, April 25th. The company reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.29 billion. Brunswick had a net margin of 2.99% and a return on equity of 27.01%. Brunswick’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. Equities analysts forecast that Brunswick Co. will post 4.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Monday, May 20th. Brunswick’s payout ratio is 17.61%.

BC has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of Brunswick from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $52.00 to $67.00 in a research report on Monday, February 25th. ValuEngine raised shares of Brunswick from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. SunTrust Banks lowered their price objective on shares of Brunswick to $62.00 and set a “buy” rating for the company in a research report on Friday, April 26th. They noted that the move was a valuation call. Finally, Longbow Research set a $68.00 price objective on shares of Brunswick and gave the company a “buy” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $69.64.

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Brunswick Profile

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.

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Want to see what other hedge funds are holding BC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brunswick Co. (NYSE:BC).

Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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