Crestline Management LP Buys Shares of 3,527 Brunswick Co. (NYSE:BC)

Crestline Management LP bought a new stake in Brunswick Co. (NYSE:BC) during the 4th quarter, HoldingsChannel reports. The fund bought 3,527 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds have also recently bought and sold shares of the company. Oak Thistle LLC acquired a new stake in shares of Brunswick in the 4th quarter valued at approximately $368,000. American Century Companies Inc. boosted its stake in shares of Brunswick by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,462,558 shares of the company’s stock valued at $94,599,000 after purchasing an additional 41,583 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Brunswick by 16.7% in the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company’s stock valued at $49,578,000 after purchasing an additional 109,728 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Brunswick in the 4th quarter valued at approximately $2,827,000. Finally, Channing Capital Management LLC boosted its stake in shares of Brunswick by 10.9% in the 4th quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company’s stock valued at $66,305,000 after purchasing an additional 100,412 shares in the last quarter. 99.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Roth Mkm reduced their price target on shares of Brunswick from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. DA Davidson reissued a “neutral” rating and set a $43.00 target price (down from $64.00) on shares of Brunswick in a report on Monday, April 28th. Benchmark assumed coverage on shares of Brunswick in a report on Monday, April 28th. They set a “buy” rating and a $70.00 target price on the stock. Citigroup reduced their target price on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, B. Riley raised shares of Brunswick to a “hold” rating in a report on Wednesday, February 12th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

Brunswick Stock Up 0.0%

Shares of NYSE BC opened at $48.09 on Monday. The company has a market capitalization of $3.16 billion, a P/E ratio of 25.31 and a beta of 1.28. Brunswick Co. has a 52-week low of $41.00 and a 52-week high of $87.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65. The company’s 50 day moving average price is $50.28 and its 200-day moving average price is $63.97.

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

Brunswick Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be given a $0.43 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.58%. Brunswick’s dividend payout ratio (DPR) is currently 142.15%.

Insider Transactions at Brunswick

In other news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares in the company, valued at $1,686,632.43. The trade was a 11.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.81% of the company’s stock.

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.