Brunswick Co. (BC) Position Lifted by Signaturefd LLC
Signaturefd LLC lifted its stake in Brunswick Co. (NYSE:BC) by 121.3% during the first quarter, HoldingsChannel reports. The fund owned 1,049 shares of the company’s stock after acquiring an additional 575 shares during the quarter. Signaturefd LLC’s holdings in Brunswick were worth $53,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the stock. Barings LLC increased its holdings in Brunswick by 13.2% in the first quarter. Barings LLC now owns 12,900 shares of the company’s stock valued at $649,000 after purchasing an additional 1,500 shares during the last quarter. Exencial Wealth Advisors LLC increased its holdings in Brunswick by 0.6% in the first quarter. Exencial Wealth Advisors LLC now owns 65,377 shares of the company’s stock valued at $3,290,000 after purchasing an additional 410 shares during the last quarter. LSV Asset Management increased its holdings in Brunswick by 1.1% in the first quarter. LSV Asset Management now owns 879,140 shares of the company’s stock valued at $44,247,000 after purchasing an additional 9,900 shares during the last quarter. Mason Street Advisors LLC increased its holdings in Brunswick by 1.9% in the first quarter. Mason Street Advisors LLC now owns 46,279 shares of the company’s stock valued at $2,329,000 after purchasing an additional 844 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in Brunswick by 37.4% in the first quarter. Raymond James & Associates now owns 19,008 shares of the company’s stock valued at $957,000 after purchasing an additional 5,178 shares during the last quarter. 93.07% of the stock is currently owned by institutional investors and hedge funds.
NYSE:BC opened at $41.70 on Tuesday. Brunswick Co. has a 1 year low of $41.02 and a 1 year high of $69.82. 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 capitalization of $3.61 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.70.
The firm 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 $0.21 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.84 dividend on an annualized basis and a yield of 2.01%. Brunswick’s payout ratio is 17.61%.
A number of equities research analysts recently commented on the company. ValuEngine upgraded Brunswick from a “sell” rating to a “hold” rating in a report on Monday, February 25th. JPMorgan Chase & Co. upgraded Brunswick from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $52.00 to $67.00 in a report on Monday, February 25th. Northcoast Research reiterated a “buy” rating on shares of Brunswick in a report on Friday, April 26th. Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Longbow Research set a $68.00 price objective on Brunswick and gave the company a “buy” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $69.64.
In other Brunswick news, VP Daniel J. Tanner sold 3,373 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $53.28, for a total value of $179,713.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.
Brunswick Company 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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