Colonial Trust Advisors Acquires 11,950 Shares of Brunswick Co. (BC)
Colonial Trust Advisors lifted its holdings in shares of Brunswick Co. (NYSE:BC) by 49.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 35,916 shares of the company’s stock after purchasing an additional 11,950 shares during the period. Colonial Trust Advisors’ holdings in Brunswick were worth $1,983,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of Brunswick during the 4th quarter valued at $128,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Brunswick by 1,158.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock valued at $132,000 after purchasing an additional 2,201 shares during the last quarter. Annex Advisory Services LLC bought a new position in shares of Brunswick during the 4th quarter valued at $238,000. Boothbay Fund Management LLC bought a new position in shares of Brunswick during the 3rd quarter valued at $252,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Brunswick by 47.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock valued at $263,000 after purchasing an additional 1,540 shares during the last quarter. 93.78% of the stock is currently owned by institutional investors.
Several research firms recently commented on BC. Northcoast Research set a $69.00 target price on shares of Brunswick and gave the company a “buy” rating in a report on Friday, March 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $65.00 target price on shares of Brunswick in a report on Friday, December 22nd. Imperial Capital reaffirmed a “buy” rating and set a $65.00 target price on shares of Brunswick in a report on Wednesday, December 13th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Brunswick from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Wedbush raised shares of Brunswick from a “neutral” rating to an “outperform” rating and increased their target price for the company from $57.54 to $70.00 in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $68.79.
Brunswick (NYSE:BC) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a return on equity of 22.52% and a net margin of 3.09%. Brunswick’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. equities analysts expect that Brunswick Co. will post 4.59 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, February 26th. Brunswick’s payout ratio is 47.80%.
In other news, VP Christopher F. Dekker sold 3,100 shares of Brunswick stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.00% of the company’s stock.
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Brunswick Company Profile
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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