Two Sigma Advisers LP Has $4.46 Million Position in Brunswick Co. (NYSE:BC)

Two Sigma Advisers LP grew its stake in Brunswick Co. (NYSE:BC - Free Report) by 190.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,900 shares of the company's stock after purchasing an additional 45,200 shares during the period. Two Sigma Advisers LP owned approximately 0.10% of Brunswick worth $4,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Barclays PLC increased its position in shares of Brunswick by 78.6% during the 3rd quarter. Barclays PLC now owns 118,189 shares of the company's stock worth $9,907,000 after purchasing an additional 52,024 shares in the last quarter. KBC Group NV increased its holdings in shares of Brunswick by 42.8% during the fourth quarter. KBC Group NV now owns 2,892 shares of the company's stock worth $187,000 after buying an additional 867 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Brunswick by 2.0% in the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company's stock valued at $638,000 after acquiring an additional 190 shares during the last quarter. Hunter Associates Investment Management LLC boosted its holdings in shares of Brunswick by 2.5% in the 4th quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company's stock worth $1,170,000 after acquiring an additional 447 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in shares of Brunswick by 8.0% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 204,897 shares of the company's stock worth $13,253,000 after acquiring an additional 15,122 shares in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

Brunswick Trading Down 1.3%

BC traded down $0.67 during midday trading on Friday, reaching $50.77. 142,192 shares of the company were exchanged, compared to its average volume of 953,102. 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 Co. has a one year low of $41.00 and a one year high of $87.65. The stock has a market capitalization of $3.33 billion, a P/E ratio of 26.70 and a beta of 1.28. The stock's 50-day simple moving average is $48.59 and its 200 day simple moving average is $61.26.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.14 billion. During the same quarter last year, the business earned $1.35 earnings per share. The company's revenue was down 10.5% compared to the same quarter last year. As a group, analysts forecast that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, May 19th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date is Monday, May 19th. Brunswick's dividend payout ratio (DPR) is currently 142.15%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BC. Morgan Stanley lifted their price objective on Brunswick from $64.00 to $65.00 and gave the company an "equal weight" rating in a research report on Friday, January 31st. BMO Capital Markets cut their price target on Brunswick from $75.00 to $65.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Truist Financial reduced their price target on shares of Brunswick from $85.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Robert W. Baird increased their price objective on shares of Brunswick from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Jefferies Financial Group dropped their target price on shares of Brunswick from $64.00 to $45.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.31.

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.