Brunswick Corporation $BC Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in Brunswick Corporation (NYSE:BC) by 86.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,760 shares of the company’s stock after purchasing an additional 32,350 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Brunswick were worth $4,412,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Royal Bank of Canada increased its holdings in Brunswick by 10.7% in the first quarter. Royal Bank of Canada now owns 149,000 shares of the company’s stock valued at $8,024,000 after buying an additional 14,395 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Brunswick by 133.6% in the first quarter. AQR Capital Management LLC now owns 77,326 shares of the company’s stock worth $4,076,000 after purchasing an additional 44,228 shares during the period. Goldman Sachs Group Inc. increased its stake in Brunswick by 142.9% during the first quarter. Goldman Sachs Group Inc. now owns 346,503 shares of the company’s stock valued at $18,659,000 after purchasing an additional 203,838 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Brunswick during the first quarter worth $214,000. Finally, Geneos Wealth Management Inc. raised 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 worth $39,000 after purchasing an additional 601 shares during the period. Institutional investors own 99.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Benchmark lifted their price target on shares of Brunswick from $75.00 to $90.00 and gave the company a “buy” rating in a report on Friday, January 30th. Jefferies Financial Group set a $115.00 target price on Brunswick and gave the company a “buy” rating in a research note on Tuesday, January 6th. Texas Capital lowered Brunswick from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. BMO Capital Markets raised their price target on Brunswick from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, Seaport Research Partners upgraded Brunswick to a “strong-buy” rating in a research report on Monday, December 8th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $83.93.

Insiders Place Their Bets

In other news, VP Christopher F. Dekker sold 4,981 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $87.38, for a total value of $435,239.78. Following the completion of the transaction, the vice president owned 39,740 shares of the company’s stock, valued at approximately $3,472,481.20. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David M. Foulkes sold 38,266 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $86.56, for a total value of $3,312,304.96. Following 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 disclosure for this sale is available in the SEC filing. Insiders own 0.81% of the company’s stock.

Brunswick Price Performance

Shares of NYSE:BC opened at $86.72 on Thursday. The firm’s 50 day moving average is $80.72 and its two-hundred day moving average is $69.82. The firm has a market capitalization of $5.64 billion, a P/E ratio of -40.91 and a beta of 1.39. The company has a current ratio of 1.44, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. Brunswick Corporation has a 52 week low of $41.00 and a 52 week high of $89.61.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, January 29th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Brunswick had a positive return on equity of 12.22% and a negative net margin of 2.56%.The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue was up 15.5% on a year-over-year basis. Analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current year.

Brunswick 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.