GAM Holding AG grew its stake in shares of Brunswick Co. (NYSE:BC) by 481.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,310 shares of the company’s stock after purchasing an additional 15,160 shares during the period. GAM Holding AG’s holdings in Brunswick were worth $1,227,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in Brunswick by 1,570.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,190 shares of the company’s stock valued at $682,000 after purchasing an additional 9,580 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Brunswick by 13.9% in the 3rd quarter. GSA Capital Partners LLP now owns 31,787 shares of the company’s stock valued at $2,130,000 after purchasing an additional 3,882 shares in the last quarter. United Services Automobile Association lifted its holdings in Brunswick by 52.6% in the 3rd quarter. United Services Automobile Association now owns 20,723 shares of the company’s stock valued at $1,389,000 after purchasing an additional 7,140 shares in the last quarter. AMP Capital Investors Ltd purchased a new position in Brunswick in the 3rd quarter valued at about $552,000. Finally, Baird Financial Group Inc. lifted its holdings in Brunswick by 5.2% in the 3rd quarter. Baird Financial Group Inc. now owns 30,608 shares of the company’s stock valued at $2,039,000 after purchasing an additional 1,502 shares in the last quarter. Institutional investors own 94.19% of the company’s stock.

A number of research firms have issued reports on BC. Zacks Investment Research lowered shares of Brunswick from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Wedbush upped their target price on shares of Brunswick from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, August 13th. They noted that the move was a valuation call. ValuEngine lowered shares of Brunswick from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Citigroup reduced their target price on shares of Brunswick from $81.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, August 15th. Finally, TheStreet lowered shares of Brunswick from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Brunswick has a consensus rating of “Buy” and a consensus target price of $72.00.

In other Brunswick news, Director Manuel A. Fernandez bought 13,235 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was purchased at an average price of $53.09 per share, with a total value of $702,646.15. Following the transaction, the director now owns 109,784 shares in the company, valued at $5,828,432.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John C. Pfeifer sold 5,446 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $66.95, for a total transaction of $364,609.70. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

NYSE BC opened at $51.13 on Friday. Brunswick Co. has a 12 month low of $48.36 and a 12 month high of $69.82. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.26 and a quick ratio of 0.65. The stock has a market cap of $4.48 billion, a PE ratio of 13.14, a P/E/G ratio of 0.90 and a beta of 1.82.

Brunswick (NYSE:BC) last posted its quarterly earnings data on Thursday, October 25th. The company reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.09. Brunswick had a net margin of 2.12% and a return on equity of 26.19%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion. On average, analysts expect that Brunswick Co. will post 4.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be paid a dividend of $0.21 per share. The ex-dividend date is Monday, November 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.64%. This is an increase from Brunswick’s previous quarterly dividend of $0.19. Brunswick’s dividend payout ratio is currently 21.59%.

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About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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