Two Sigma Investments LP Purchases 77,294 Shares of Brunswick Co. (NYSE:BC)

Two Sigma Investments LP increased its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 720.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,029 shares of the company's stock after acquiring an additional 77,294 shares during the quarter. Two Sigma Investments LP owned about 0.13% of Brunswick worth $5,694,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in Brunswick by 0.6% during the 4th quarter. Deutsche Bank AG now owns 28,031 shares of the company's stock worth $1,813,000 after acquiring an additional 160 shares during the last quarter. Pacer Advisors Inc. grew 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 buying an additional 190 shares in the last quarter. Xponance Inc. increased its stake in shares of Brunswick by 4.9% during the 4th quarter. Xponance Inc. now owns 7,617 shares of the company's stock worth $493,000 after purchasing an additional 359 shares during the last quarter. Snowden Capital Advisors LLC lifted its position in shares of Brunswick by 6.4% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,297 shares of the company's stock valued at $407,000 after buying an additional 378 shares during the last quarter. Finally, Hunter Associates Investment Management LLC increased its holdings in shares of Brunswick by 2.5% in the fourth quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company's stock valued at $1,170,000 after purchasing an additional 447 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Trading Down 1.2%

NYSE BC traded down $0.64 on Friday, hitting $50.80. The company's stock had a trading volume of 330,379 shares, compared to its average volume of 794,210. The company's 50-day moving average is $48.59 and its 200 day moving average is $61.26. The firm has a market cap of $3.34 billion, a PE ratio of 26.75 and a beta of 1.28. Brunswick Co. has a 1-year low of $41.00 and a 1-year high of $87.65. 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 (NYSE:BC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.31. The business 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%. Brunswick's quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.35 earnings per share. As a group, analysts predict that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Monday, May 19th. Brunswick's payout ratio is presently 142.15%.

Analyst Upgrades and Downgrades

BC has been the topic of a number of recent research reports. B. Riley upgraded Brunswick to a "hold" rating in a research note on Wednesday, February 12th. Benchmark started coverage on shares of Brunswick in a research note on Monday, April 28th. They set a "buy" rating and a $70.00 price objective on the stock. Truist Financial lowered their price target on Brunswick from $85.00 to $60.00 and set a "buy" rating for the company in a report on Monday, April 14th. Jefferies Financial Group decreased their target price on Brunswick from $64.00 to $45.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $43.00 price target (down from $64.00) on shares of Brunswick in a report on Monday, April 28th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $71.31.

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.