Lodge Hill Capital LLC Has $31.32 Million Stock Holdings in Brunswick Corporation $BC

Lodge Hill Capital LLC cut its position in Brunswick Corporation (NYSE:BC) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 495,190 shares of the company’s stock after selling 20,000 shares during the quarter. Brunswick comprises 5.6% of Lodge Hill Capital LLC’s holdings, making the stock its 7th biggest position. Lodge Hill Capital LLC’s holdings in Brunswick were worth $31,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Brunswick by 10.7% during the first quarter. Royal Bank of Canada now owns 149,000 shares of the company’s stock valued at $8,024,000 after buying an additional 14,395 shares during the last quarter. AQR Capital Management LLC boosted its position in Brunswick by 133.6% during the 1st quarter. AQR Capital Management LLC now owns 77,326 shares of the company’s stock worth $4,076,000 after acquiring an additional 44,228 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Brunswick by 142.9% during the first quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock valued at $18,659,000 after purchasing an additional 203,838 shares during the period. United Services Automobile Association bought a new stake in shares of Brunswick during the first quarter valued at about $214,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Brunswick by 477.0% in the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock worth $39,000 after purchasing an additional 601 shares during the period. Institutional investors own 99.34% of the company’s stock.

Insider Activity at Brunswick

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

Brunswick Price Performance

NYSE BC opened at $86.31 on Friday. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $89.61. The business’s fifty day moving average is $81.06 and its two-hundred day moving average is $69.93. The stock has a market capitalization of $5.61 billion, a P/E ratio of -40.71 and a beta of 1.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 1.44.

Brunswick (NYSE:BC) last issued its earnings results on Thursday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The company’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. On average, research analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, February 23rd will be issued a $0.44 dividend. The ex-dividend date is Monday, February 23rd. This is a positive change from Brunswick’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 2.0%. Brunswick’s dividend payout ratio is -81.13%.

Wall Street Analysts Forecast Growth

BC has been the topic of several research analyst reports. Griffin Securities set a $76.00 target price on shares of Brunswick in a research note on Monday, February 2nd. Roth Mkm reiterated a “buy” rating and issued a $94.00 price objective (up from $79.00) on shares of Brunswick in a report on Friday, January 30th. BMO Capital Markets boosted their target price on Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Loop Capital began coverage on Brunswick in a research report on Monday, December 22nd. They issued a “hold” rating and a $74.00 target price for the company. Finally, Robert W. Baird set a $85.00 price target on Brunswick in a research report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brunswick has a consensus rating of “Hold” and an average price target of $83.93.

About Brunswick

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.