HBK Investments L P raised its stake in Brunswick Co. (NYSE:BC) by 110.1% in the 4th quarter, Holdings Channel reports. The firm owned 129,009 shares of the company’s stock after acquiring an additional 67,609 shares during the period. HBK Investments L P’s holdings in Brunswick were worth $7,124,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BC. Goldman Sachs Group Inc. grew its position in shares of Brunswick by 128.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,006,453 shares of the company’s stock valued at $166,017,000 after buying an additional 1,689,317 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Brunswick by 213.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,131,199 shares of the company’s stock valued at $117,685,000 after buying an additional 1,451,636 shares during the last quarter. Impala Asset Management LLC bought a new stake in shares of Brunswick during the 4th quarter valued at about $50,358,000. Two Sigma Advisers LP grew its position in shares of Brunswick by 315.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,093,746 shares of the company’s stock valued at $60,397,000 after buying an additional 830,300 shares during the last quarter. Finally, Lakewood Capital Management LP bought a new stake in shares of Brunswick during the 4th quarter valued at about $24,090,000. 93.79% of the stock is owned by institutional investors.
In related news, VP Christopher F. Dekker sold 3,100 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John C. Pfeifer sold 3,780 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Shares of Brunswick Co. (NYSE BC) opened at $61.20 on Wednesday. The firm has a market cap of $5,418.04, a P/E ratio of 38.49, a PEG ratio of 0.83 and a beta of 1.83. Brunswick Co. has a one year low of $48.04 and a one year high of $64.45. 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 (NYSE:BC) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. research analysts anticipate that Brunswick Co. will post 4.59 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, February 26th. Brunswick’s dividend payout ratio is currently 47.80%.
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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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