Colonial Trust Advisors reduced its stake in Brunswick Co. (NYSE:BC) by 18.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,418 shares of the company’s stock after selling 6,498 shares during the period. Colonial Trust Advisors’ holdings in Brunswick were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Elkfork Partners LLC acquired a new stake in shares of Brunswick in the 4th quarter valued at approximately $430,000. Rhumbline Advisers boosted its stake in shares of Brunswick by 3.9% in the 4th quarter. Rhumbline Advisers now owns 205,423 shares of the company’s stock valued at $11,343,000 after purchasing an additional 7,755 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Brunswick by 128.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,006,453 shares of the company’s stock valued at $166,017,000 after purchasing an additional 1,689,317 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Brunswick by 91.9% in the 4th quarter. State of Alaska Department of Revenue now owns 22,260 shares of the company’s stock valued at $1,228,000 after purchasing an additional 10,660 shares in the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Brunswick by 8.2% in the 4th quarter. Schroder Investment Management Group now owns 1,810,603 shares of the company’s stock valued at $99,981,000 after purchasing an additional 136,614 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.
Brunswick stock opened at $63.05 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.73 and a quick ratio of 0.96. Brunswick Co. has a 52-week low of $48.04 and a 52-week high of $64.45. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.10 and a beta of 1.84.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, May 22nd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, May 21st. This represents a $0.76 annualized dividend and a yield of 1.21%. Brunswick’s payout ratio is 19.54%.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. KeyCorp reiterated an “overweight” rating on shares of Brunswick in a research report on Friday, March 2nd. CL King upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a research report on Monday, March 5th. SunTrust Banks lifted their target price on shares of Brunswick to $78.00 and gave the stock a “buy” rating in a research report on Monday, March 5th. Finally, Imperial Capital reiterated an “outperform” rating and set a $78.00 target price (up from $70.00) on shares of Brunswick in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $69.66.
Brunswick Company Profile
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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