Russell Investments Group Ltd. Has $25.02 Million Stock Position in Brunswick Corporation $BC

Russell Investments Group Ltd. lifted its position in Brunswick Corporation (NYSE:BC) by 9.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 395,498 shares of the company’s stock after buying an additional 33,897 shares during the period. Russell Investments Group Ltd.’s holdings in Brunswick were worth $25,020,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in Brunswick by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,494,664 shares of the company’s stock valued at $221,003,000 after acquiring an additional 11,777 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Brunswick by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,749,443 shares of the company’s stock worth $173,879,000 after acquiring an additional 54,838 shares in the last quarter. American Century Companies Inc. raised its position in shares of Brunswick by 56.4% during the third quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock worth $145,637,000 after purchasing an additional 830,451 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in shares of Brunswick by 2.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,852,050 shares of the company’s stock valued at $117,124,000 after purchasing an additional 44,431 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Brunswick by 70.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,700,164 shares of the company’s stock valued at $107,518,000 after purchasing an additional 700,447 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BC shares. B. Riley Financial reissued a “neutral” rating and set a $80.00 target price (up from $70.00) on shares of Brunswick in a research note on Friday, January 30th. Wolfe Research set a $90.00 price target on shares of Brunswick in a research note on Monday, January 12th. Benchmark increased their price objective on shares of Brunswick from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Loop Capital started coverage on shares of Brunswick in a report on Monday, December 22nd. They set a “hold” rating and a $74.00 price objective on the stock. Finally, Robert W. Baird set a $85.00 price objective on shares of Brunswick in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $84.00.

Insider Buying and Selling

In other Brunswick news, VP Christopher F. Dekker sold 4,981 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $87.38, for a total value of $435,239.78. Following the sale, the vice president owned 39,740 shares in the company, valued at $3,472,481.20. This represents a 11.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Foulkes sold 38,266 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $86.56, for a total value of $3,312,304.96. Following the completion of the sale, the chief executive officer directly owned 271,169 shares of the company’s stock, valued at approximately $23,472,388.64. The trade was a 12.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.81% of the stock is owned by insiders.

Brunswick Stock Performance

NYSE BC opened at $68.91 on Friday. The firm has a market capitalization of $4.47 billion, a P/E ratio of -32.50 and a beta of 1.39. The company has a current ratio of 1.44, a quick ratio of 0.61 and a debt-to-equity ratio of 1.11. The firm’s fifty day moving average price is $83.28 and its two-hundred day moving average price is $72.63. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $90.25.

Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, hitting the consensus estimate of $0.58. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. Brunswick’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. As a group, research analysts anticipate that Brunswick Corporation will post 4.19 EPS for the current year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, February 23rd will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.6%. This is a boost from Brunswick’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, February 23rd. Brunswick’s dividend payout ratio (DPR) is presently -83.02%.

Brunswick Company Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.