Van Lanschot Kempen Investment Management N.V. Has $63.99 Million Position in Brunswick Co. (NYSE:BC)

Van Lanschot Kempen Investment Management N.V. cut its stake in shares of Brunswick Co. (NYSE:BC - Free Report) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 989,362 shares of the company's stock after selling 230,556 shares during the period. Van Lanschot Kempen Investment Management N.V. owned approximately 1.50% of Brunswick worth $63,992,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. purchased a new stake in shares of Brunswick in the fourth quarter worth approximately $39,000. Financial Perspectives Inc acquired a new stake in shares of Brunswick during the 4th quarter valued at $42,000. KBC Group NV grew its holdings in shares of Brunswick by 42.8% during the 4th quarter. KBC Group NV now owns 2,892 shares of the company's stock valued at $187,000 after acquiring an additional 867 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Brunswick in the fourth quarter worth $203,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Brunswick by 121.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,295 shares of the company's stock worth $213,000 after acquiring an additional 1,809 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

Wall Street Analysts Forecast Growth

BC has been the topic of several research reports. Baird R W lowered Brunswick from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. B. Riley raised shares of Brunswick to a "hold" rating in a research note on Wednesday, February 12th. Benchmark lowered their target price on shares of Brunswick from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, January 31st. Roth Mkm reduced their price target on Brunswick from $91.00 to $85.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Finally, Stifel Nicolaus lowered their price target on Brunswick from $95.00 to $86.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $76.67.

Brunswick Price Performance

Shares of NYSE BC traded up $0.36 during midday trading on Wednesday, reaching $45.18. 1,944,020 shares of the company traded hands, compared to its average volume of 764,203. The stock's 50-day simple moving average is $53.97 and its 200-day simple moving average is $67.09. 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 12 month low of $41.00 and a 12 month high of $87.65. The firm has a market cap of $2.98 billion, a PE ratio of 23.78 and a beta of 1.42.

Brunswick (NYSE:BC - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 previous year, the company earned $1.45 earnings per share. As a group, equities analysts anticipate that Brunswick Co. will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, February 24th were paid a $0.43 dividend. The ex-dividend date was Monday, February 24th. This is an increase from Brunswick's previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.81%. Brunswick's payout ratio is currently 90.53%.

Insider Transactions at Brunswick

In other Brunswick news, 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 approximately $1,664,949.65. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Randall S. Altman sold 3,417 shares of the 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 completion of the transaction, the senior vice president now directly owns 26,683 shares in the company, valued at approximately $1,686,632.43. This trade represents a 11.35 % decrease in their position. The disclosure for this sale can be found here. 0.81% of the stock is owned by company insiders.

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.