Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Brunswick Co. (NYSE:BC) by 47.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,757 shares of the company’s stock after buying an additional 1,540 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brunswick were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. Hermes Investment Management Ltd. boosted its holdings in shares of Brunswick by 4.2% in the 4th quarter. Hermes Investment Management Ltd. now owns 876,596 shares of the company’s stock worth $48,406,000 after purchasing an additional 35,370 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Brunswick by 776.9% in the 4th quarter. SG Americas Securities LLC now owns 23,747 shares of the company’s stock worth $1,311,000 after purchasing an additional 21,039 shares in the last quarter. SeaBridge Investment Advisors LLC purchased a new position in shares of Brunswick in the 4th quarter worth about $7,237,000. Cerebellum GP LLC purchased a new position in shares of Brunswick in the 4th quarter worth about $128,000. Finally, Strs Ohio boosted its holdings in shares of Brunswick by 13.3% in the 4th quarter. Strs Ohio now owns 170,000 shares of the company’s stock worth $9,387,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 89.61% of the company’s stock.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was 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 accessible through this hyperlink. Also, VP Christopher F. Dekker sold 3,100 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total value of $182,404.00. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 EPS. analysts expect that Brunswick Co. will post 4.58 earnings per share for the current year.
The firm 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 dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, February 26th. Brunswick’s payout ratio is 47.80%.
A number of equities analysts have recently issued reports on the company. Wedbush upgraded Brunswick from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $57.54 to $70.00 in a report on Wednesday, February 14th. Zacks Investment Research raised Brunswick from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, February 6th. Citigroup boosted their target price on Brunswick from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. BMO Capital Markets boosted their target price on Brunswick to $69.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Finally, Imperial Capital boosted their target price on Brunswick from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $66.13.
TRADEMARK VIOLATION NOTICE: This piece of content was posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.chaffeybreeze.com/2018/02/20/brunswick-co-bc-position-boosted-by-zurcher-kantonalbank-zurich-cantonalbank.html.
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.
Want to see what other hedge funds are holding BC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brunswick Co. (NYSE:BC).
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.