29,200 Shares in Brunswick Co. (NYSE:BC) Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new stake in Brunswick Co. (NYSE:BC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,200 shares of the company's stock, valued at approximately $1,889,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its holdings in shares of Brunswick by 2.9% during the 4th quarter. American Century Companies Inc. now owns 1,462,558 shares of the company's stock valued at $94,599,000 after acquiring an additional 41,583 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Brunswick by 16.7% during the fourth quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company's stock worth $49,578,000 after purchasing an additional 109,728 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Brunswick in the 4th quarter valued at approximately $2,827,000. Channing Capital Management LLC boosted its position in Brunswick by 10.9% during the 4th quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company's stock worth $66,305,000 after buying an additional 100,412 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Brunswick by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 715,358 shares of the company's stock valued at $46,269,000 after acquiring an additional 14,089 shares during the period. Institutional investors own 99.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. BMO Capital Markets cut their price target on shares of Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. B. Riley upgraded shares of Brunswick to a "hold" rating in a report on Wednesday, February 12th. Jefferies Financial Group cut their price objective on Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Baird R W lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Robert W. Baird boosted their price target on Brunswick from $56.00 to $60.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Brunswick presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.31.

Brunswick Stock Down 1.6%

Shares of NYSE BC traded down $0.81 during midday trading on Friday, hitting $50.63. 937,288 shares of the stock traded hands, compared to its average volume of 795,472. The company has a market cap of $3.33 billion, a PE ratio of 26.65 and a beta of 1.28. Brunswick Co. has a one year low of $41.00 and a one year high of $87.65. The business has a 50 day moving average price of $48.48 and a two-hundred day moving average price of $60.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

Brunswick (NYSE:BC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.25 by $0.31. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.14 billion. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. The company's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. On average, equities analysts predict that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be issued a dividend of $0.43 per share. The ex-dividend date is Monday, May 19th. This represents a $1.72 annualized dividend and a yield of 3.40%. Brunswick's dividend payout ratio (DPR) is currently 142.15%.

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.