Dynamic Technology Lab Private Ltd Makes New $737,000 Investment in Brunswick Co. (NYSE:BC)

Dynamic Technology Lab Private Ltd bought a new position in Brunswick Co. (NYSE:BC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,390 shares of the company's stock, valued at approximately $737,000.

A number of other hedge funds also recently made changes to their positions in BC. Norges Bank bought a new position in Brunswick in the fourth quarter valued at about $30,097,000. Raymond James Financial Inc. acquired a new position in shares of Brunswick in the fourth quarter valued at approximately $29,646,000. JPMorgan Chase & Co. raised 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 valued at $113,655,000 after buying an additional 269,413 shares during the last quarter. Lightrock Netherlands B.V. acquired a new stake in Brunswick during the 4th quarter worth approximately $16,400,000. Finally, Thrivent Financial for Lutherans grew its holdings in Brunswick by 43.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 769,907 shares of the company's stock worth $49,798,000 after acquiring an additional 232,622 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BC. Citigroup cut their price target on shares of Brunswick from $92.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. Roth Mkm decreased their price target on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Baird R W lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Benchmark decreased their target price on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, January 31st. Finally, Robert W. Baird restated a "neutral" rating and issued a $56.00 price target (down previously from $90.00) on shares of Brunswick in a research report on Friday, April 4th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Brunswick presently has a consensus rating of "Hold" and a consensus price target of $79.00.

Brunswick Stock Down 2.6 %

BC traded down $1.15 during midday trading on Friday, hitting $43.07. The company had a trading volume of 634,159 shares, compared to its average volume of 914,182. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 22.59 and a beta of 1.42. The stock's 50 day moving average price is $57.88 and its 200 day moving average price is $69.39. 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 $88.14.

Brunswick (NYSE:BC - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. Brunswick had a return on equity of 15.41% and a net margin of 2.48%. During the same period last year, the business posted $1.45 earnings per share. On average, research analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, February 24th were given a $0.43 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.72 annualized dividend and a yield of 3.99%. This is an increase from Brunswick's previous quarterly dividend of $0.42. Brunswick's dividend payout ratio (DPR) is presently 90.53%.

Insider Buying and Selling at Brunswick

In related 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 transaction of $215,988.57. Following the completion of the sale, the senior vice president now owns 26,683 shares in the company, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nancy E. Cooper sold 433 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total value of $28,426.45. Following the completion of the sale, the director now directly owns 25,361 shares of the company's stock, valued at $1,664,949.65. The trade was a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.

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.