Brunswick Corporation $BC is Deprince Race & Zollo Inc.'s Largest Position

Key Points

• Deprince Race & Zollo Inc. increased its stake in Brunswick in Q4 by 0.8%, buying 14,822 shares to hold 1,866,872 shares, making Brunswick its largest position valued at about $138.6 million.
• Company insiders executed notable sales: CEO David M. Foulkes sold 38,266 shares (~$3.31M) and VP Christopher F. Dekker sold 4,981 shares (~$435k), leaving insiders with 0.99% ownership.
• Brunswick reported Q4 revenue of $1.33 billion and $0.58 EPS (meeting estimates), while analysts maintain a consensus "Hold" rating with an average price target of $84.57.

Deprince Race & Zollo Inc. lifted its holdings in Brunswick Corporation (NYSE:BC - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,866,872 shares of the company's stock after purchasing an additional 14,822 shares during the period. Brunswick comprises 2.7% of Deprince Race & Zollo Inc.'s holdings, making the stock its biggest position. Deprince Race & Zollo Inc. owned 2.87% of Brunswick worth $138,597,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Brunswick in the 4th quarter worth approximately $30,000. First Horizon Corp purchased a new stake in shares of Brunswick in the 3rd quarter worth approximately $26,000. Jones Financial Companies Lllp lifted its position in shares of Brunswick by 50.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 494 shares of the company's stock worth $31,000 after purchasing an additional 166 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Brunswick in the 3rd quarter worth approximately $37,000. Finally, Quent Capital LLC purchased a new stake in shares of Brunswick in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BC shares. B. Riley Financial reaffirmed a "neutral" rating and issued a $80.00 price target (up from $70.00) on shares of Brunswick in a research report on Friday, January 30th. Jefferies Financial Group set a $115.00 target price on shares of Brunswick and gave the company a "buy" rating in a research report on Tuesday, January 6th. Wolfe Research set a $90.00 target price on shares of Brunswick in a research report on Monday, January 12th. Griffin Securities set a $76.00 target price on shares of Brunswick in a research report on Monday, February 2nd. Finally, Morgan Stanley set a $82.00 target price on shares of Brunswick in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Brunswick presently has a consensus rating of "Hold" and an average price target of $84.57.

Insiders Place Their Bets

In other Brunswick news, VP Christopher F. Dekker sold 4,981 shares of the firm's stock in a transaction on Friday, February 6th. The shares were 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 trade represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David M. Foulkes sold 38,266 shares of the firm's stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $86.56, for a total transaction of $3,312,304.96. Following the completion of the transaction, the chief executive officer directly owned 271,169 shares of the company's stock, valued at approximately $23,472,388.64. This represents a 12.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.99% of the company's stock.

Brunswick Trading Down 0.0%

NYSE:BC opened at $77.03 on Monday. Brunswick Corporation has a 52 week low of $41.86 and a 52 week high of $90.25. The firm has a 50 day moving average of $78.19 and a 200 day moving average of $73.95. The company has a quick ratio of 0.61, a current ratio of 1.44 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of -36.34 and a beta of 1.38.

Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, January 29th. The company reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. Brunswick's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. As a group, sell-side analysts anticipate that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Monday, February 23rd were issued a $0.44 dividend. This is an increase from Brunswick's previous quarterly dividend of $0.43. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, February 23rd. Brunswick's dividend payout ratio is -83.02%.

About Brunswick

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.