Lodge Hill Capital LLC Has $25.83 Million Position in Brunswick Co. (NYSE:BC)

Lodge Hill Capital LLC increased its position in shares of Brunswick Co. (NYSE:BC - Free Report) by 59.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 399,290 shares of the company's stock after buying an additional 149,290 shares during the period. Brunswick accounts for 7.1% of Lodge Hill Capital LLC's holdings, making the stock its 5th biggest position. Lodge Hill Capital LLC owned about 0.61% of Brunswick worth $25,826,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Oak Thistle LLC acquired a new position in Brunswick during the 4th quarter worth about $368,000. American Century Companies Inc. lifted its position in Brunswick by 2.9% in the fourth quarter. American Century Companies Inc. now owns 1,462,558 shares of the company's stock valued at $94,599,000 after acquiring an additional 41,583 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Brunswick by 16.7% during the 4th quarter. Bank of New York Mellon Corp now owns 766,509 shares of the company's stock worth $49,578,000 after buying an additional 109,728 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Brunswick in the 4th quarter valued at $2,827,000. Finally, Channing Capital Management LLC raised its stake in Brunswick by 10.9% during the 4th quarter. Channing Capital Management LLC now owns 1,025,123 shares of the company's stock valued at $66,305,000 after acquiring an additional 100,412 shares during the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BC. B. Riley raised Brunswick to a "hold" rating in a report on Wednesday, February 12th. Stifel Nicolaus reduced their target price on shares of Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Baird R W lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird reiterated a "neutral" rating and issued a $56.00 price target (down previously from $90.00) on shares of Brunswick in a report on Friday, April 4th. Finally, Morgan Stanley increased their target price on shares of Brunswick from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Friday, January 31st. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Brunswick presently has an average rating of "Hold" and an average target price of $76.67.

Brunswick Price Performance

NYSE BC traded up $1.14 on Tuesday, hitting $44.62. 178,347 shares of the company were exchanged, compared to its average volume of 756,023. Brunswick Co. has a 1-year low of $41.00 and a 1-year high of $87.65. The firm has a 50 day moving average of $54.78 and a two-hundred day moving average of $67.40. The company has a current ratio of 1.65, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a market cap of $2.94 billion, a P/E ratio of 23.38 and a beta of 1.42.

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, topping the consensus estimate 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 quarter in the prior year, the firm posted $1.45 EPS. On average, equities analysts predict that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.85%. This is a boost from Brunswick's previous quarterly dividend of $0.42. The ex-dividend date was Monday, February 24th. Brunswick's payout ratio is 90.53%.

Insider Transactions at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 26,683 shares of the company's stock, valued at $1,686,632.43. The trade was a 11.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Nancy E. Cooper sold 433 shares of Brunswick stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $65.65, for a total transaction of $28,426.45. Following the completion of the sale, the director now owns 25,361 shares of the company's stock, valued at $1,664,949.65. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by corporate 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.