Brunswick Corporation (NYSE:BC) is Lightrock Netherlands B.V.'s 2nd Largest Position

Lightrock Netherlands B.V. grew its position in Brunswick Corporation (NYSE:BC - Free Report) by 62.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 409,015 shares of the company's stock after purchasing an additional 156,710 shares during the quarter. Brunswick comprises approximately 5.8% of Lightrock Netherlands B.V.'s investment portfolio, making the stock its 2nd biggest holding. Lightrock Netherlands B.V. owned about 0.62% of Brunswick worth $22,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG lifted its stake in shares of Brunswick by 0.6% during the fourth quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock worth $1,813,000 after buying an additional 160 shares during the period. Fifth Third Bancorp lifted its stake in shares of Brunswick by 33.3% during the first quarter. Fifth Third Bancorp now owns 1,078 shares of the company's stock worth $58,000 after buying an additional 269 shares during the period. Xponance Inc. lifted its stake in shares of Brunswick by 4.9% during the fourth quarter. Xponance Inc. now owns 7,617 shares of the company's stock worth $493,000 after buying an additional 359 shares during the period. Snowden Capital Advisors LLC lifted its stake in shares of Brunswick by 6.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock worth $407,000 after buying an additional 378 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Brunswick by 59.3% during the first quarter. GAMMA Investing LLC now owns 1,276 shares of the company's stock worth $69,000 after buying an additional 475 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Brunswick Price Performance

Shares of BC traded up $1.13 during mid-day trading on Tuesday, hitting $59.31. 676,996 shares of the company were exchanged, compared to its average volume of 813,648. Brunswick Corporation has a 1-year low of $41.00 and a 1-year 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 50 day moving average of $53.39 and a 200-day moving average of $56.99. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 49.02 and a beta of 1.27.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The company's revenue for the quarter was down 10.5% on a year-over-year basis. Analysts expect that Brunswick Corporation will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, May 19th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.72 annualized dividend and a dividend yield of 2.90%. Brunswick's dividend payout ratio (DPR) is presently 142.15%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BC shares. Benchmark started coverage on shares of Brunswick in a research report on Monday, April 28th. They set a "buy" rating and a $70.00 target price for the company. DA Davidson restated a "neutral" rating and set a $43.00 target price (down from $64.00) on shares of Brunswick in a research report on Monday, April 28th. Citigroup restated a "buy" rating and set a $68.00 target price (up from $61.00) on shares of Brunswick in a research report on Monday, June 16th. Jefferies Financial Group decreased 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. Finally, BMO Capital Markets decreased 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. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $70.00.

Insider Buying and Selling

In other news, VP Christopher F. Dekker sold 2,092 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $58.47, for a total value of $122,319.24. Following the completion of the sale, the vice president directly owned 44,466 shares in the company, valued at $2,599,927.02. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.85% of the company's stock.

Brunswick Company 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.