Allianz Asset Management GmbH lessened its position in Brunswick Co. (NYSE:BC) by 20.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 641,704 shares of the company’s stock after selling 167,006 shares during the period. Allianz Asset Management GmbH’s holdings in Brunswick were worth $35,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. bought a new position in shares of Brunswick during the 2nd quarter worth about $263,000. Crossmark Global Holdings Inc. bought a new position in shares of Brunswick during the 3rd quarter worth about $478,000. New York State Teachers Retirement System increased its holdings in shares of Brunswick by 4.8% during the 3rd quarter. New York State Teachers Retirement System now owns 162,271 shares of the company’s stock worth $9,082,000 after purchasing an additional 7,500 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Brunswick by 249.4% during the 3rd quarter. Canada Pension Plan Investment Board now owns 305,400 shares of the company’s stock worth $17,093,000 after purchasing an additional 218,000 shares during the period. Finally, Channing Capital Management LLC increased its holdings in shares of Brunswick by 26.6% during the 3rd quarter. Channing Capital Management LLC now owns 184,568 shares of the company’s stock worth $10,330,000 after purchasing an additional 38,820 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.

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In other Brunswick news, VP Christopher F. Dekker sold 3,100 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $58.84, for a total value of $182,404.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Several research analysts have recently issued reports on BC shares. Zacks Investment Research downgraded shares of Brunswick from a “hold” rating to a “sell” rating in a report on Monday, January 1st. Imperial Capital reissued a “buy” rating and issued a $65.00 target price on shares of Brunswick in a research note on Wednesday, December 13th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and issued a $66.00 target price on shares of Brunswick in a research note on Wednesday, December 20th. B. Riley reissued a “buy” rating on shares of Brunswick in a research note on Wednesday, December 6th. Finally, Robert W. Baird reissued a “buy” rating and issued a $65.00 target price on shares of Brunswick in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $67.19.

Brunswick Co. (NYSE:BC) opened at $61.18 on Friday. The company has a market cap of $5,333.11, a PE ratio of 38.48, a price-to-earnings-growth ratio of 0.82 and a beta of 1.83. Brunswick Co. has a 12-month low of $48.04 and a 12-month high of $64.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.78 and a quick ratio of 1.04.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.04). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. Brunswick’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. equities research analysts predict that Brunswick Co. will post 4.59 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be given a $0.19 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.24%. Brunswick’s dividend payout ratio (DPR) is presently 47.80%.

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About Brunswick

Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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