Brunswick Co. (NYSE:BC) Shares Sold by Centerstone Investors LLC

Centerstone Investors LLC lessened its stake in Brunswick Co. (NYSE:BC - Free Report) by 20.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 investment portfolio, making the stock its 20th largest position. Centerstone Investors LLC's holdings in Brunswick were worth $1,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Brunswick by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,462,558 shares of the company's stock valued at $94,599,000 after buying an additional 41,583 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Brunswick by 16.7% during 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 acquiring an additional 109,728 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Brunswick during the fourth quarter worth about $2,827,000. Channing Capital Management LLC lifted its holdings in shares of Brunswick by 10.9% in the fourth 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. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Brunswick by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company's stock valued at $46,269,000 after purchasing an additional 14,089 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Brunswick Stock Performance

Brunswick stock opened at $51.32 on Friday. The firm has a market capitalization of $3.37 billion, a PE ratio of 27.01 and a beta of 1.28. Brunswick Co. has a one year low of $41.00 and a one year high of $87.65. The stock's 50 day moving average price is $49.24 and its 200 day moving average price is $62.40. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

Brunswick (NYSE:BC - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.14 billion. During the same period in the prior year, the firm earned $1.35 earnings per share. The business's quarterly revenue was down 10.5% compared to the same quarter last year. As a group, sell-side analysts expect that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Monday, May 19th. Brunswick's dividend payout ratio is currently 142.15%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BC. B. Riley raised Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Morgan Stanley lifted their price target on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. BMO Capital Markets decreased their target price on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Citigroup cut their price target on Brunswick from $92.00 to $85.00 and set a "buy" rating for the company in a report on Tuesday, January 28th. Finally, Benchmark assumed coverage on Brunswick in a research report on Monday, April 28th. They issued a "buy" rating and a $70.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $71.31.

Insider Buying and Selling at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the company's 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 sale, the senior vice president now directly owns 26,683 shares of the company's stock, valued at $1,686,632.43. This represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.85% of the stock is owned by insiders.

About Brunswick

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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