Centiva Capital LP Buys New Shares in Brunswick Co. (NYSE:BC)

Centiva Capital LP bought a new position in Brunswick Co. (NYSE:BC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,655 shares of the company's stock, valued at approximately $495,000.

A number of other hedge funds also recently bought and sold shares of BC. Armstrong Advisory Group Inc. purchased a new position in Brunswick during the 4th quarter valued at $39,000. Financial Perspectives Inc bought a new position in Brunswick during the 4th quarter valued at about $42,000. Quarry LP bought a new position in shares of Brunswick in the 4th quarter worth approximately $45,000. KBC Group NV lifted its stake in shares of Brunswick by 42.8% in the 4th quarter. KBC Group NV now owns 2,892 shares of the company's stock worth $187,000 after purchasing an additional 867 shares during the period. Finally, Stevens Capital Management LP purchased a new stake in Brunswick in the 4th quarter worth approximately $203,000. Institutional investors own 99.34% of the company's stock.

Insider Buying and Selling

In other news, SVP Randall S. Altman sold 3,417 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 26,683 shares of the company's stock, valued at $1,686,632.43. This trade represents a 11.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird reaffirmed a "neutral" rating and set a $56.00 price objective (down from $90.00) on shares of Brunswick in a report on Friday, April 4th. Jefferies Financial Group cut their price target on Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Citigroup cut their target price on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. DA Davidson restated a "neutral" rating and set a $43.00 price target (down previously from $64.00) on shares of Brunswick in a research note on Monday, April 28th. Finally, B. Riley raised 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 assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $71.00.

Brunswick Price Performance

Shares of BC traded down $0.08 during trading hours on Wednesday, hitting $52.18. 873,214 shares of the stock were exchanged, compared to its average volume of 782,892. 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 stock's 50-day moving average price is $50.04 and its two-hundred day moving average price is $63.69. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 27.46 and a beta of 1.28. Brunswick Co. has a 12-month low of $41.00 and a 12-month high of $87.65.

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

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be issued a $0.43 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.30%. Brunswick's payout ratio is currently 142.15%.

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.