LSV Asset Management Has $18.35 Million Stock Position in Brunswick Corporation (NYSE:BC)

Key Points

• LSV Asset Management reduced its stake in Brunswick Corporation by 16.7%, now owning 340,700 shares valued at approximately $18.35 million.
• Brunswick recently declared a quarterly dividend of $0.43 per share, with a dividend yield of 2.9% and a payout ratio of 277.42%.
• The company's stock has a consensus rating of "Moderate Buy" among analysts, with a target price of $68.25.

LSV Asset Management reduced its holdings in shares of Brunswick Corporation (NYSE:BC - Free Report) by 16.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,700 shares of the company's stock after selling 68,208 shares during the period. LSV Asset Management owned 0.52% of Brunswick worth $18,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP grew its position in shares of Brunswick by 4,972.7% during the 1st quarter. Allworth Financial LP now owns 558 shares of the company's stock valued at $30,000 after acquiring an additional 547 shares during the period. UMB Bank n.a. grew its stake in shares of Brunswick by 695.7% in the 1st quarter. UMB Bank n.a. now owns 732 shares of the company's stock valued at $39,000 after purchasing an additional 640 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Brunswick by 171.6% in the 1st quarter. First Horizon Advisors Inc. now owns 755 shares of the company's stock valued at $41,000 after purchasing an additional 477 shares in the last quarter. Signaturefd LLC grew its holdings in Brunswick by 451.0% during the 1st quarter. Signaturefd LLC now owns 810 shares of the company's stock valued at $44,000 after buying an additional 663 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Brunswick during the 4th quarter valued at $45,000. Institutional investors own 99.34% of the company's stock.

Brunswick Trading Down 2.4%

NYSE:BC traded down $1.41 during mid-day trading on Thursday, reaching $57.11. The company's stock had a trading volume of 862,705 shares, compared to its average volume of 970,175. The stock has a market cap of $3.73 billion, a P/E ratio of 92.11 and a beta of 1.28. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.68 and a quick ratio of 0.70. The company's fifty day simple moving average is $57.64 and its two-hundred day simple moving average is $56.25. Brunswick Corporation has a twelve month low of $41.00 and a twelve month high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.27. Brunswick had a net margin of 0.82% and a return on equity of 10.73%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the firm posted $1.80 EPS. The firm's revenue was up .2% compared to the same quarter last year. On average, equities analysts predict that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 20th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, August 20th. Brunswick's dividend payout ratio is currently 277.42%.

Wall Street Analyst Weigh In

A number of analysts have commented on BC shares. Jefferies Financial Group dropped their price target on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Citigroup reissued a "buy" rating and issued a $68.00 target price (up from $61.00) on shares of Brunswick in a research note on Monday, June 16th. BMO Capital Markets reduced their price objective on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. DA Davidson boosted their price target on Brunswick from $43.00 to $59.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Finally, Robert W. Baird increased their price target on Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Brunswick has a consensus rating of "Moderate Buy" and a consensus price target of $68.25.

Insider Transactions at Brunswick

In related news, VP Christopher F. Dekker sold 2,092 shares of Brunswick stock in a transaction on Wednesday, June 11th. The shares were 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 owned 44,466 shares of the company's stock, valued at approximately $2,599,927.02. The trade was a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.