Centerstone Investors LLC Reduces Stock Holdings in Brunswick Co. (NYSE:BC)

Centerstone Investors LLC trimmed its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 20.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,571 shares of the company's stock after selling 4,879 shares during the quarter. Brunswick accounts for 1.8% of Centerstone Investors LLC's holdings, making the stock its 20th largest holding. Centerstone Investors LLC's holdings in Brunswick were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. FIL Ltd lifted its position in shares of Brunswick by 323.9% during the 4th quarter. FIL Ltd now owns 1,114,324 shares of the company's stock worth $72,074,000 after purchasing an additional 851,449 shares during the last quarter. Turtle Creek Asset Management Inc. raised its stake in Brunswick by 19.7% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock valued at $191,806,000 after buying an additional 488,412 shares in the last quarter. Norges Bank purchased a new stake in Brunswick during the 4th quarter worth about $30,097,000. Raymond James Financial Inc. acquired a new position in shares of Brunswick during the 4th quarter worth about $29,646,000. Finally, JPMorgan Chase & Co. boosted its holdings in Brunswick by 18.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock valued at $113,655,000 after purchasing an additional 269,413 shares in the last quarter. Hedge funds and other institutional investors own 99.34% of the company's stock.

Brunswick Stock Performance

Shares of NYSE BC traded down $0.24 during midday trading on Wednesday, reaching $51.02. 140,657 shares of the company were exchanged, compared to its average volume of 790,990. The stock has a fifty day simple moving average of $48.84 and a 200 day simple moving average of $61.56. Brunswick Co. has a 1 year low of $41.00 and a 1 year high of $87.65. The stock has a market cap of $3.35 billion, a P/E ratio of 26.82 and a beta of 1.28. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, beating 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm posted $1.35 EPS. Brunswick's quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts forecast that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 yield of 3.37%. Brunswick's payout ratio is currently 142.15%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. BMO Capital Markets cut their price objective on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Jefferies Financial Group dropped their target price on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Benchmark began coverage on shares of Brunswick in a research report on Monday, April 28th. They issued a "buy" rating and a $70.00 price target for the company. Citigroup decreased their price objective on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Finally, Morgan Stanley raised their price objective on Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Brunswick has an average rating of "Moderate Buy" and a consensus target price of $71.31.

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.