Brunswick Corporation (NYSE:BC) Stock Holdings Lifted by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. boosted its stake in Brunswick Corporation (NYSE:BC - Free Report) by 63.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,361 shares of the company's stock after buying an additional 4,787 shares during the period. Hudson Edge Investment Partners Inc.'s holdings in Brunswick were worth $666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BC. Bank of New York Mellon Corp grew its position in Brunswick by 16.7% in 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 buying an additional 109,728 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Brunswick during the fourth quarter worth approximately $2,827,000. Charles Schwab Investment Management Inc. raised its holdings in Brunswick by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company's stock worth $46,269,000 after purchasing an additional 14,089 shares in the last quarter. Verdence Capital Advisors LLC bought a new stake in Brunswick during the fourth quarter worth approximately $273,000. Finally, Raymond James Financial Inc. bought a new stake in Brunswick during the fourth quarter worth approximately $29,646,000. Institutional investors own 99.34% of the company's stock.

Brunswick Trading Down 0.7%

NYSE BC traded down $0.42 on Friday, hitting $59.44. 626,192 shares of the stock were exchanged, compared to its average volume of 815,667. 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 current ratio of 1.57 and a quick ratio of 0.65. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 49.12 and a beta of 1.27. The company's 50-day moving average price is $52.90 and its two-hundred day moving average price is $57.04.

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, 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 firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same period in the previous year, the company posted $1.35 EPS. The company's quarterly revenue was down 10.5% compared to the same quarter last year. Research analysts predict that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Monday, May 19th. Brunswick's dividend payout ratio is currently 142.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup reissued a "buy" rating and set a $68.00 target price (up previously from $61.00) on shares of Brunswick in a report on Monday, June 16th. Baird R W cut shares of Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. BMO Capital Markets lowered their price objective on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Benchmark started coverage on shares of Brunswick in a research note on Monday, April 28th. They issued a "buy" rating and a $70.00 price objective on the stock. Finally, Robert W. Baird lifted their price objective on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $70.00.

Insider Activity at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 44,466 shares in the company, valued at approximately $2,599,927.02. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.85% of the company's stock.

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.