Twinbeech Capital LP Acquires Shares of 60,408 Brunswick Co. (NYSE:BC)

Twinbeech Capital LP acquired a new stake in Brunswick Co. (NYSE:BC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 60,408 shares of the company’s stock, valued at approximately $3,907,000. Twinbeech Capital LP owned about 0.09% of Brunswick as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BC. Financial Perspectives Inc bought a new position in Brunswick in the 4th quarter valued at $42,000. Quarry LP bought a new position in Brunswick in the 4th quarter valued at $45,000. KBC Group NV raised its position in Brunswick by 42.8% in the 4th quarter. KBC Group NV now owns 2,892 shares of the company’s stock valued at $187,000 after purchasing an additional 867 shares during the last quarter. Stevens Capital Management LP bought a new position in Brunswick in the 4th quarter valued at $203,000. Finally, Tower Research Capital LLC TRC raised its position in Brunswick by 121.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,295 shares of the company’s stock valued at $213,000 after purchasing an additional 1,809 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Analyst Upgrades and Downgrades

BC has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. BMO Capital Markets dropped their target price on Brunswick from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. DA Davidson restated a “neutral” rating and set a $43.00 target price (down previously from $64.00) on shares of Brunswick in a research report on Monday, April 28th. Baird R W downgraded Brunswick from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Roth Mkm dropped their target price on Brunswick from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.31.

Brunswick Stock Down 0.3%

Shares of Brunswick stock opened at $52.80 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. Brunswick Co. has a 12 month low of $41.00 and a 12 month high of $87.65. The business has a fifty day simple moving average of $49.55 and a 200 day simple moving average of $62.69. The stock has a market cap of $3.47 billion, a PE ratio of 27.79 and a beta of 1.28.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.31. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm earned $1.35 earnings per share. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. Research analysts predict that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be paid a $0.43 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.72 dividend on an annualized basis and a yield of 3.26%. Brunswick’s payout ratio is 142.15%.

Insiders Place Their Bets

In other news, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the sale, the senior vice president now owns 26,683 shares of the company’s stock, valued at $1,686,632.43. This trade represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.85% of the company’s stock.

Brunswick Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.