ExodusPoint Capital Management LP Takes Position in Brunswick Co. (NYSE:BC)

ExodusPoint Capital Management LP acquired a new stake in Brunswick Co. (NYSE:BC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,374 shares of the company's stock, valued at approximately $736,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Resources Inc. boosted its position in Brunswick by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 237,595 shares of the company's stock worth $15,368,000 after purchasing an additional 4,467 shares during the period. Summit Financial LLC bought a new position in Brunswick in the 4th quarter valued at about $262,000. Alliancebernstein L.P. boosted its holdings in shares of Brunswick by 4.6% during the fourth quarter. Alliancebernstein L.P. now owns 1,338,619 shares of the company's stock worth $86,582,000 after acquiring an additional 59,228 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Brunswick by 12.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,422 shares of the company's stock valued at $609,000 after purchasing an additional 1,080 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Brunswick during the 4th quarter worth approximately $396,000. 99.34% of the stock is owned by institutional investors.

Insider Transactions at Brunswick

In other news, Director Nancy E. Cooper sold 433 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the transaction, the director now directly owns 25,361 shares in the company, valued at $1,664,949.65. This trade represents a 1.68 % 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. Also, SVP Randall S. Altman sold 3,417 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the sale, the senior vice president now directly owns 26,683 shares of the company's stock, valued at $1,686,632.43. This represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.81% of the company's stock.

Brunswick Price Performance

Brunswick stock traded up $0.41 during midday trading on Thursday, reaching $43.75. The company's stock had a trading volume of 205,249 shares, compared to its average volume of 752,010. The stock has a market cap of $2.88 billion, a PE ratio of 23.08 and a beta of 1.42. The company has a current ratio of 1.65, a quick ratio of 0.63 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 $87.65. The business has a 50-day moving average price of $56.08 and a 200-day moving average price of $68.41.

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

Brunswick Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a $0.43 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.93%. Brunswick's dividend payout ratio (DPR) is currently 90.53%.

Wall Street Analyst Weigh In

Several research firms have weighed in on BC. Stifel Nicolaus lowered their price objective on Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Benchmark cut their price objective on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating for the company in a report on Friday, January 31st. B. Riley upgraded shares of Brunswick to a "hold" rating in a research report on Wednesday, February 12th. Baird R W downgraded Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Roth Mkm cut their target price on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Brunswick has a consensus rating of "Hold" and an average price target of $76.67.

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.