Scout Investments Inc. Invests $15.20 Million in Brunswick Co. (BC)

Scout Investments Inc. bought a new stake in Brunswick Co. (NYSE:BC) during the 3rd quarter, HoldingsChannel reports. The fund bought 226,755 shares of the company’s stock, valued at approximately $15,197,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in BC. Voya Investment Management LLC raised its stake in shares of Brunswick by 84.5% in the second quarter. Voya Investment Management LLC now owns 2,873,040 shares of the company’s stock valued at $185,254,000 after acquiring an additional 1,315,663 shares during the period. FMR LLC raised its stake in shares of Brunswick by 30.3% in the second quarter. FMR LLC now owns 2,704,125 shares of the company’s stock valued at $174,362,000 after acquiring an additional 628,227 shares during the period. OppenheimerFunds Inc. raised its stake in shares of Brunswick by 1,754.3% in the second quarter. OppenheimerFunds Inc. now owns 425,625 shares of the company’s stock valued at $27,445,000 after acquiring an additional 402,671 shares during the period. LSV Asset Management raised its stake in shares of Brunswick by 52.6% in the second quarter. LSV Asset Management now owns 795,140 shares of the company’s stock valued at $51,270,000 after acquiring an additional 274,100 shares during the period. Finally, UBS Group AG raised its stake in shares of Brunswick by 263.6% in the first quarter. UBS Group AG now owns 356,181 shares of the company’s stock valued at $21,154,000 after acquiring an additional 258,227 shares during the period. 96.27% of the stock is currently owned by institutional investors and hedge funds.

BC stock opened at $61.24 on Thursday. The stock has a market capitalization of $5.81 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.18 and a beta of 1.70. Brunswick Co. has a 12 month low of $48.04 and a 12 month high of $69.82. The company has a current ratio of 1.70, a quick ratio of 0.96 and a debt-to-equity ratio of 0.29.

Brunswick (NYSE:BC) last posted its quarterly earnings results on Thursday, July 26th. The company reported $1.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.05). The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Brunswick had a return on equity of 24.14% and a net margin of 2.38%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.35 EPS. On average, equities research analysts expect that Brunswick Co. will post 4.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Tuesday, November 20th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, November 19th. This is an increase from Brunswick’s previous quarterly dividend of $0.19. Brunswick’s dividend payout ratio (DPR) is currently 19.54%.

In other Brunswick news, insider John C. Pfeifer sold 5,446 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $66.95, for a total transaction of $364,609.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.

Several equities research analysts have recently weighed in on BC shares. Zacks Investment Research downgraded shares of Brunswick from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine raised shares of Brunswick from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $60.00 price target on shares of Brunswick in a research note on Friday, July 27th. Imperial Capital raised their price target on shares of Brunswick from $78.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, July 9th. Finally, KeyCorp raised their price target on shares of Brunswick from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Brunswick presently has an average rating of “Buy” and a consensus price target of $74.31.

About Brunswick

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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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).

Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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