Markel Group Inc. raised its position in shares of Brunswick Corporation (NYSE:BC – Free Report) by 42.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 47,750 shares of the company’s stock after purchasing an additional 14,250 shares during the quarter. Markel Group Inc.’s holdings in Brunswick were worth $3,545,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Global Retirement Partners LLC grew its position in shares of Brunswick by 8,750.0% during the 4th quarter. Global Retirement Partners LLC now owns 4,602 shares of the company’s stock worth $342,000 after buying an additional 4,550 shares during the period. Trajan Wealth LLC acquired a new stake in shares of Brunswick during the 4th quarter worth approximately $233,000. PNC Financial Services Group Inc. grew its position in shares of Brunswick by 8.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,168 shares of the company’s stock worth $458,000 after buying an additional 465 shares during the period. HighTower Advisors LLC grew its position in shares of Brunswick by 2.5% during the 4th quarter. HighTower Advisors LLC now owns 9,811 shares of the company’s stock worth $728,000 after buying an additional 243 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of Brunswick by 3.5% during the 4th quarter. Gabelli Funds LLC now owns 131,062 shares of the company’s stock worth $9,730,000 after buying an additional 4,380 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.
Brunswick Price Performance
Shares of BC opened at $80.95 on Friday. Brunswick Corporation has a 12-month low of $48.83 and a 12-month high of $90.25. The business’s fifty day moving average is $76.37 and its 200 day moving average is $76.71. The company has a quick ratio of 0.62, a current ratio of 1.38 and a debt-to-equity ratio of 1.13. The stock has a market cap of $5.26 billion, a P/E ratio of -38.55 and a beta of 1.33.
Brunswick Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, May 18th will be paid a dividend of $0.44 per share. The ex-dividend date is Monday, May 18th. This represents a $1.76 annualized dividend and a yield of 2.2%. Brunswick’s dividend payout ratio (DPR) is -83.81%.
Analyst Ratings Changes
Several analysts have recently commented on BC shares. Citigroup raised their price objective on shares of Brunswick from $100.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Griffin Securities set a $76.00 price objective on shares of Brunswick in a research report on Monday, February 2nd. Roth Mkm reaffirmed a “buy” rating and set a $94.00 price objective (up from $79.00) on shares of Brunswick in a research report on Friday, January 30th. Texas Capital raised shares of Brunswick from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Brunswick in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $87.00.
Check Out Our Latest Analysis on BC
Brunswick 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.
Further Reading
- Five stocks we like better than Brunswick
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Want to see what other hedge funds are holding BC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brunswick Corporation (NYSE:BC – Free Report).
Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.
