Aquatic Capital Management LLC Grows Position in Brunswick Co. (NYSE:BC)

Aquatic Capital Management LLC lifted its holdings in shares of Brunswick Co. (NYSE:BC - Free Report) by 497.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,055 shares of the company's stock after buying an additional 25,855 shares during the period. Aquatic Capital Management LLC's holdings in Brunswick were worth $2,009,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BC. FIL Ltd boosted its position in shares of Brunswick by 323.9% during the fourth quarter. FIL Ltd now owns 1,114,324 shares of the company's stock valued at $72,074,000 after buying an additional 851,449 shares during the last quarter. Norges Bank purchased a new stake in shares of Brunswick during the fourth quarter valued at $30,097,000. Raymond James Financial Inc. purchased a new position in Brunswick in the fourth quarter worth about $29,646,000. JPMorgan Chase & Co. boosted its position in Brunswick by 18.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock worth $113,655,000 after purchasing an additional 269,413 shares during the last quarter. Finally, Lightrock Netherlands B.V. purchased a new position in Brunswick in the fourth quarter worth about $16,400,000. 99.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Brunswick news, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the transaction, the director now owns 25,361 shares in the company, valued at approximately $1,664,949.65. The trade was a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Randall S. Altman sold 3,417 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. The trade was a 11.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.81% of the company's stock.

Brunswick Price Performance

Shares of Brunswick stock opened at $46.47 on Tuesday. 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 Co. has a twelve month low of $41.00 and a twelve month high of $87.65. The business's fifty day moving average price is $52.89 and its 200 day moving average price is $66.17. The stock has a market capitalization of $3.06 billion, a P/E ratio of 24.46 and a beta of 1.42.

Brunswick (NYSE:BC - Get Free Report) 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. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $1.35 earnings per share. The business's revenue was down 10.5% compared to the same quarter last year. As a group, research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.70%. This is a boost from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date was Monday, February 24th. Brunswick's payout ratio is presently 142.15%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BC. Citigroup dropped their target price on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Stifel Nicolaus lowered their price objective on Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Roth Mkm lowered their price objective on Brunswick from $91.00 to $85.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Benchmark started coverage on Brunswick in a research report on Monday. They set a "buy" rating and a $70.00 price objective on the stock. Finally, DA Davidson reissued a "neutral" rating and set a $43.00 target price (down previously from $64.00) on shares of Brunswick in a research note on Monday. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Brunswick presently has an average rating of "Moderate Buy" and an average target price of $71.00.

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.

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