Kennedy Capital Management Inc. Buys 72,441 Shares of Brunswick Co. (BC)
Kennedy Capital Management Inc. grew its stake in shares of Brunswick Co. (NYSE:BC) by 35.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 276,144 shares of the company’s stock after acquiring an additional 72,441 shares during the period. Kennedy Capital Management Inc.’s holdings in Brunswick were worth $15,249,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Cerebellum GP LLC bought a new position in shares of Brunswick in the fourth quarter worth $128,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Brunswick by 1,158.4% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,391 shares of the company’s stock worth $132,000 after purchasing an additional 2,201 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Brunswick in the third quarter worth $252,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Brunswick in the second quarter worth $263,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Brunswick by 47.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock worth $263,000 after purchasing an additional 1,540 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.
Brunswick Co. (NYSE BC) opened at $61.18 on Friday. The company has a market capitalization of $5,356.74, a price-to-earnings ratio of 16.10, a P/E/G ratio of 0.82 and a beta of 1.83. 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 Co. has a 12 month low of $48.04 and a 12 month high of $64.45.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $0.19 dividend. The ex-dividend date of this dividend 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 is presently 47.80%.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher F. Dekker sold 3,100 shares of the company’s 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 disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.
Several research analysts have recently weighed in on BC shares. Royal Bank of Canada decreased their price target on shares of Brunswick from $67.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, November 6th. B. Riley upped their price target on shares of Brunswick from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating in a report on Friday, November 10th. CL King reaffirmed a “neutral” rating on shares of Brunswick in a report on Friday, February 2nd. Finally, Citigroup upped their price target on shares of Brunswick from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $67.19.
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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