Legal & General Group Plc grew its stake in Brunswick Co. (NYSE:BC) by 7.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,122 shares of the company’s stock after acquiring an additional 6,916 shares during the quarter. Legal & General Group Plc owned about 0.11% of Brunswick worth $5,436,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eagle Asset Management Inc. lifted its position in Brunswick by 27.0% during the second quarter. Eagle Asset Management Inc. now owns 628,565 shares of the company’s stock worth $39,429,000 after buying an additional 133,452 shares during the period. TimesSquare Capital Management LLC lifted its position in Brunswick by 17.1% during the second quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock worth $122,367,000 after buying an additional 284,300 shares during the period. Advisor Group Inc. lifted its position in Brunswick by 108.6% during the third quarter. Advisor Group Inc. now owns 6,896 shares of the company’s stock worth $386,000 after buying an additional 3,590 shares during the period. Kempen Capital Management N.V. lifted its position in Brunswick by 60.8% during the second quarter. Kempen Capital Management N.V. now owns 46,077 shares of the company’s stock worth $2,890,000 after buying an additional 17,423 shares during the period. Finally, Prudential Financial Inc. lifted its position in Brunswick by 106.9% during the third quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock worth $32,976,000 after buying an additional 304,470 shares during the period. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Shares of Brunswick Co. (BC) opened at $55.00 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. Brunswick Co. has a 12 month low of $48.04 and a 12 month high of $63.82. The stock has a market capitalization of $4,822.95, a PE ratio of 14.59, a PEG ratio of 0.88 and a beta of 1.90.

Brunswick (NYSE:BC) last posted its earnings results on Thursday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted $0.91 EPS. Brunswick’s quarterly revenue was up 4.4% compared to the same quarter last year. analysts expect that Brunswick Co. will post 3.85 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st were paid a $0.19 dividend. The ex-dividend date was Monday, November 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.38%. This is a positive change from Brunswick’s previous quarterly dividend of $0.17. Brunswick’s dividend payout ratio (DPR) is 24.52%.

Several equities research analysts have commented on BC shares. Stifel Nicolaus dropped their price target on Brunswick from $68.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, October 27th. BMO Capital Markets dropped their price target on Brunswick from $68.00 to $62.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Zacks Investment Research upgraded Brunswick from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Robert W. Baird restated a “buy” rating and set a $68.00 price target on shares of Brunswick in a research note on Friday, September 8th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Brunswick in a research note on Tuesday, October 3rd. One research 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 company presently has an average rating of “Buy” and a consensus price target of $62.86.

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Brunswick Profile

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.

Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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