Brunswick Corporation $BC Shares Acquired by Interval Partners LP

Interval Partners LP raised its holdings in shares of Brunswick Corporation (NYSE:BC) by 268.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 521,401 shares of the company’s stock after buying an additional 379,937 shares during the period. Interval Partners LP’s holdings in Brunswick were worth $32,973,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its position in shares of Brunswick by 10.7% during the 1st quarter. Royal Bank of Canada now owns 149,000 shares of the company’s stock valued at $8,024,000 after acquiring an additional 14,395 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Brunswick by 133.6% in 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 last quarter. Goldman Sachs Group Inc. raised its position 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 worth $18,659,000 after purchasing an additional 203,838 shares during the period. United Services Automobile Association acquired a new stake in shares of Brunswick during the first quarter worth $214,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Brunswick by 477.0% during the first quarter. Geneos Wealth Management Inc. now owns 727 shares of the company’s stock valued at $39,000 after purchasing an additional 601 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Insiders Place Their Bets

In other news, VP Christopher F. Dekker sold 4,981 shares of the business’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 transaction, the vice president directly owned 39,740 shares in the company, valued at $3,472,481.20. The trade was a 11.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David M. Foulkes sold 38,266 shares of the company’s 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 completion of the transaction, the chief executive officer directly owned 271,169 shares in the company, valued at $23,472,388.64. This trade represents a 12.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.81% of the company’s stock.

Brunswick Trading Down 0.1%

NYSE:BC opened at $68.90 on Friday. The stock has a market cap of $4.47 billion, a PE ratio of -32.50 and a beta of 1.39. Brunswick Corporation has a fifty-two week low of $41.00 and a fifty-two week high of $90.25. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.44 and a quick ratio of 0.61. The stock’s 50-day moving average is $83.15 and its two-hundred day moving average is $72.65.

Brunswick (NYSE:BC) last posted its quarterly 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. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year. As a group, equities research analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

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

Analysts Set New Price Targets

Several research analysts have commented on BC shares. Texas Capital upgraded shares of Brunswick from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Griffin Securities set a $76.00 price target on shares of Brunswick in a report on Monday, February 2nd. Citigroup upped their price target on shares of Brunswick from $100.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Morgan Stanley set a $82.00 price objective on shares of Brunswick in a research note on Tuesday, February 17th. Finally, Seaport Research Partners raised shares of Brunswick to a “strong-buy” rating in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $84.00.

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.