State Treasurer State of Michigan lessened its position in Brunswick Co. (NYSE:BC) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,500 shares of the company’s stock after selling 1,900 shares during the period. State Treasurer State of Michigan’s holdings in Brunswick were worth $1,739,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in shares of Brunswick by 4.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,928,462 shares of the company’s stock valued at $162,382,000 after purchasing an additional 120,485 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of Brunswick by 12.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,191,300 shares of the company’s stock valued at $122,647,000 after purchasing an additional 240,600 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Brunswick by 13.2% during the 3rd quarter. Schroder Investment Management Group now owns 1,673,989 shares of the company’s stock valued at $92,823,000 after purchasing an additional 195,394 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Brunswick by 10.2% during the 3rd quarter. Victory Capital Management Inc. now owns 1,581,911 shares of the company’s stock valued at $88,539,000 after purchasing an additional 146,661 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Brunswick by 8.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 901,104 shares of the company’s stock valued at $50,433,000 after purchasing an additional 66,840 shares in the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

Brunswick Co. (BC) opened at $57.39 on Wednesday. Brunswick Co. has a 12-month low of $48.04 and a 12-month high of $64.45. The stock has a market cap of $5,045.68, a PE ratio of 36.09, a P/E/G ratio of 0.77 and a beta of 1.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). Brunswick had a net margin of 3.09% and a return on equity of 22.52%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business earned $0.66 earnings per share. The company’s revenue was up 10.6% on a year-over-year basis. equities analysts anticipate that Brunswick Co. will post 4.58 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Brunswick from $68.00 to $62.00 and set an “outperform” rating on the stock in a research note on Friday, October 27th. Robert W. Baird reaffirmed a “buy” rating and set a $65.00 target price on shares of Brunswick in a research note on Friday, December 22nd. Imperial Capital reaffirmed a “buy” rating and set a $65.00 target price on shares of Brunswick in a research note on Wednesday, December 13th. They noted that the move was a valuation call. Wedbush raised shares of Brunswick from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Brunswick from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.13.

In related news, insider John C. Pfeifer sold 3,780 shares of Brunswick stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total transaction of $207,748.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Brunswick Co. (BC) Holdings Cut by State Treasurer State of Michigan” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2018/02/14/brunswick-co-bc-holdings-cut-by-state-treasurer-state-of-michigan.html.

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.

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)

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.