Brunswick Co. (NYSE:BC) Shares Purchased by Turtle Creek Asset Management Inc.

Turtle Creek Asset Management Inc. lifted its holdings in shares of Brunswick Co. (NYSE:BC - Free Report) by 19.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,965,460 shares of the company's stock after acquiring an additional 488,412 shares during the period. Brunswick accounts for approximately 5.0% of Turtle Creek Asset Management Inc.'s investment portfolio, making the stock its 6th biggest holding. Turtle Creek Asset Management Inc. owned approximately 4.49% of Brunswick worth $191,806,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Brunswick by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,084,038 shares of the company's stock worth $134,796,000 after buying an additional 10,951 shares during the period. JPMorgan Chase & Co. increased its position in Brunswick by 18.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,757,186 shares of the company's stock worth $113,655,000 after buying an additional 269,413 shares during the period. American Century Companies Inc. increased its holdings in shares of Brunswick by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,462,558 shares of the company's stock valued at $94,599,000 after purchasing an additional 41,583 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Brunswick by 4.6% in the fourth quarter. Alliancebernstein L.P. now owns 1,338,619 shares of the company's stock valued at $86,582,000 after purchasing an additional 59,228 shares during the period. Finally, FIL Ltd increased its holdings in shares of Brunswick by 323.9% in the fourth quarter. FIL Ltd now owns 1,114,324 shares of the company's stock valued at $72,074,000 after purchasing an additional 851,449 shares during the period. Institutional investors and hedge funds own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BC shares. Citigroup dropped their target price on Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Morgan Stanley lifted their price target on Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Baird R W downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird lifted 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. Finally, BMO Capital Markets decreased their price target on Brunswick from $75.00 to $65.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Brunswick currently has an average rating of "Moderate Buy" and an average target price of $71.31.

Insider Activity

In other news, SVP Randall S. Altman sold 3,417 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares in the company, valued at $1,686,632.43. This represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.85% of the company's stock.

Brunswick Price Performance

BC traded down $2.67 during trading on Wednesday, reaching $50.14. 757,922 shares of the stock were exchanged, compared to its average volume of 789,654. The business's 50 day moving average price is $49.40 and its two-hundred day moving average price is $62.61. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 26.39 and a beta of 1.28. Brunswick Co. has a 1 year low of $41.00 and a 1 year high of $87.65.

Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.31. The company had revenue of $1.22 billion for 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%. Brunswick's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 earnings per share. As a group, equities research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current year.

Brunswick Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be given a $0.43 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.72 annualized dividend and a dividend yield of 3.43%. Brunswick's dividend payout ratio is currently 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.