Twinbeech Capital LP Acquires New Holdings in Brunswick Co. (NYSE:BC)

Twinbeech Capital LP bought a new position in Brunswick Co. (NYSE:BC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60,408 shares of the company's stock, valued at approximately $3,907,000. Twinbeech Capital LP owned about 0.09% of Brunswick as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Turtle Creek Asset Management Inc. raised its stake in Brunswick by 19.7% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 2,965,460 shares of the company's stock worth $191,806,000 after acquiring an additional 488,412 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Brunswick by 0.5% in the 4th 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. boosted its holdings in Brunswick by 18.1% in the 4th 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 stake in Brunswick by 2.9% in the 4th quarter. American Century Companies Inc. now owns 1,462,558 shares of the company's stock worth $94,599,000 after buying an additional 41,583 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Brunswick by 4.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,338,619 shares of the company's stock valued at $86,582,000 after acquiring an additional 59,228 shares during the period. 99.34% of the stock is currently owned by institutional investors.

Brunswick Trading Down 3.0%

Shares of BC traded down $1.54 during midday trading on Friday, hitting $49.72. The stock had a trading volume of 672,040 shares, compared to its average volume of 792,746. The stock's 50 day moving average is $49.09 and its 200 day moving average is $62.19. The firm has a market cap of $3.27 billion, a PE ratio of 26.17 and a beta of 1.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63. 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 issued 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 return on equity of 15.41% and a net margin of 2.48%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $1.35 earnings per share. The company's revenue for the quarter was down 10.5% on a year-over-year basis. As a group, analysts forecast that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, May 19th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Monday, May 19th. Brunswick's dividend payout ratio (DPR) is presently 142.15%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. B. Riley upgraded shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Jefferies Financial Group decreased their price target on shares of 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 report on Friday, April 4th. Benchmark began coverage on Brunswick in a research report on Monday, April 28th. They issued a "buy" rating and a $70.00 target price on the stock. Finally, Morgan Stanley increased 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. Seven 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 currently has a consensus rating of "Moderate Buy" and an average target price of $71.31.

Insiders Place Their Bets

In other news, SVP Randall S. Altman sold 3,417 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total value of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares of the company's stock, valued at approximately $1,686,632.43. This represents a 11.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.