Deroy & Devereaux Private Investment Counsel Inc. Raises Position in Brunswick Corporation (NYSE:BC)

Deroy & Devereaux Private Investment Counsel Inc. raised its position in Brunswick Corporation (NYSE:BC - Free Report) by 38.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 284,475 shares of the company's stock after buying an additional 79,578 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned 0.43% of Brunswick worth $15,319,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FIL Ltd grew 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 valued at $72,074,000 after acquiring an additional 851,449 shares during the period. Turtle Creek Asset Management Inc. grew its position in shares of Brunswick by 19.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock valued at $191,806,000 after acquiring an additional 488,412 shares during the period. Norges Bank bought a new position in shares of Brunswick during the 4th quarter valued at approximately $30,097,000. Raymond James Financial Inc. bought a new position in shares of Brunswick during the 4th quarter valued at approximately $29,646,000. Finally, JPMorgan Chase & Co. grew its position in shares of Brunswick by 18.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock valued at $113,655,000 after acquiring an additional 269,413 shares during the period. Hedge funds and other institutional investors own 99.34% of the company's stock.

Brunswick Price Performance

NYSE BC traded down $1.23 on Monday, hitting $58.21. The stock had a trading volume of 577,117 shares, compared to its average volume of 814,713. Brunswick Corporation has a 52-week low of $41.00 and a 52-week high of $87.65. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 1.57. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 48.11 and a beta of 1.27. The firm has a 50-day moving average of $53.13 and a 200-day moving average of $56.98.

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 net margin of 1.62% and a return on equity of 12.88%. The business had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the prior year, the company posted $1.35 EPS. The business's revenue for the quarter was down 10.5% compared to the same quarter last year. Equities analysts expect that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, May 19th were given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Monday, May 19th. Brunswick's dividend payout ratio (DPR) is currently 142.15%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group reduced their target price on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Benchmark began coverage on shares of Brunswick in a report on Monday, April 28th. They issued a "buy" rating and a $70.00 price objective for the company. Baird R W downgraded shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $43.00 price objective (down from $64.00) on shares of Brunswick in a report on Monday, April 28th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Brunswick presently has an average rating of "Moderate Buy" and a consensus price target of $70.00.

Insider Buying and Selling at Brunswick

In other news, VP Christopher F. Dekker sold 2,092 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $58.47, for a total transaction of $122,319.24. Following the sale, the vice president owned 44,466 shares in the company, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.81% of the company's stock.

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.