Hudson Edge Investment Partners Inc. Increases Stock Holdings in Brunswick Co. (NYSE:BC)

Hudson Edge Investment Partners Inc. boosted its stake in Brunswick Co. (NYSE:BC) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,574 shares of the company’s stock after acquiring an additional 1,310 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Brunswick were worth $490,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BC. Massachusetts Financial Services Co. MA lifted its position in shares of Brunswick by 17.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,090,078 shares of the company’s stock worth $259,010,000 after purchasing an additional 452,116 shares during the period. JPMorgan Chase & Co. lifted its holdings in Brunswick by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 1,487,773 shares of the company’s stock worth $124,705,000 after buying an additional 102,780 shares during the period. Victory Capital Management Inc. boosted its position in Brunswick by 13.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,414,490 shares of the company’s stock valued at $118,563,000 after acquiring an additional 168,384 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Brunswick by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,075,845 shares of the company’s stock worth $90,171,000 after acquiring an additional 28,781 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Brunswick by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 701,269 shares of the company’s stock worth $58,780,000 after acquiring an additional 1,765 shares in the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Stock Performance

Shares of BC opened at $62.81 on Friday. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 33.06 and a beta of 1.54. The business’s fifty day simple moving average is $66.37 and its two-hundred day simple moving average is $75.14. Brunswick Co. has a 12 month low of $62.33 and a 12 month high of $96.65. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same quarter in the previous year, the firm earned $1.45 EPS. Research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, February 24th will be paid a $0.43 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date of this dividend is Monday, February 24th. Brunswick’s dividend payout ratio (DPR) is 88.42%.

Analysts Set New Price Targets

Several research firms recently weighed in on BC. Morgan Stanley lifted their price target on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. B. Riley upgraded shares of Brunswick to a “hold” rating in a report on Wednesday, February 12th. Roth Mkm reduced their target price on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Stifel Nicolaus lowered their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, DA Davidson cut their price objective on shares of Brunswick from $80.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $81.85.

Insider Activity at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the transaction, the director now directly owns 25,361 shares of the company’s stock, valued at approximately $1,664,949.65. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.81% of the stock is owned by company insiders.

Brunswick Company 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.