Quantinno Capital Management LP Increases Stock Holdings in Brunswick Co. (NYSE:BC)

Quantinno Capital Management LP raised its position in Brunswick Co. (NYSE:BC - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,886 shares of the company's stock after buying an additional 7,630 shares during the period. Quantinno Capital Management LP owned about 0.06% of Brunswick worth $2,386,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Financial Perspectives Inc acquired a new position in Brunswick during the fourth quarter worth about $42,000. Quarry LP purchased a new position in Brunswick in the 4th quarter worth approximately $45,000. KBC Group NV boosted its holdings in shares of Brunswick by 42.8% during the 4th quarter. KBC Group NV now owns 2,892 shares of the company's stock worth $187,000 after purchasing an additional 867 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Brunswick in the fourth quarter valued at approximately $203,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Brunswick by 121.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,295 shares of the company's stock valued at $213,000 after purchasing an additional 1,809 shares during the last quarter. 99.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. BMO Capital Markets dropped their target price on Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Benchmark started 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. Citigroup reduced their target price on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. Baird R W lowered shares of Brunswick from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Morgan Stanley raised their price target on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a report on Friday, January 31st. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $71.31.

Insider Transactions at Brunswick

In other Brunswick news, SVP Randall S. Altman sold 3,417 shares of Brunswick stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total transaction of $215,988.57. Following the transaction, the senior vice president now owns 26,683 shares of the company's stock, valued at $1,686,632.43. The trade was a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.81% of the company's stock.

Brunswick Stock Down 3.0%

BC stock traded down $1.54 during midday trading on Monday, hitting $49.72. The company's stock had a trading volume of 672,040 shares, compared to its average volume of 793,719. The firm has a market capitalization of $3.27 billion, a P/E ratio of 26.17 and a beta of 1.28. The company has a quick ratio of 0.63, a current ratio of 1.65 and a debt-to-equity ratio of 1.11. Brunswick Co. has a 52-week low of $41.00 and a 52-week high of $87.65. The firm has a 50-day simple moving average of $49.09 and a 200-day simple moving average of $61.87.

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

Brunswick Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Monday, May 19th. Brunswick's payout ratio is 142.15%.

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.