Crestline Management LP Invests $228,000 in Brunswick Co. (NYSE:BC)

Crestline Management LP acquired a new position in shares of Brunswick Co. (NYSE:BC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,527 shares of the company’s stock, valued at approximately $228,000.

Several other large investors also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in Brunswick by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 9,861 shares of the company’s stock worth $638,000 after purchasing an additional 190 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Brunswick by 5.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the company’s stock worth $316,000 after purchasing an additional 236 shares during the last quarter. Xponance Inc. boosted its holdings in Brunswick by 4.9% during the fourth quarter. Xponance Inc. now owns 7,617 shares of the company’s stock worth $493,000 after purchasing an additional 359 shares during the last quarter. Hunter Associates Investment Management LLC boosted its holdings in Brunswick by 2.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 18,127 shares of the company’s stock worth $1,170,000 after purchasing an additional 447 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Brunswick by 11.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,431 shares of the company’s stock worth $351,000 after purchasing an additional 572 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.

Insider Buying and Selling

In related news, SVP Randall S. Altman sold 3,417 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $63.21, for a total transaction of $215,988.57. Following the transaction, the senior vice president now directly owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. This trade represents a 11.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BC shares. Jefferies Financial Group reduced their target price on shares of Brunswick from $64.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Robert W. Baird reiterated a “neutral” rating and issued a $56.00 price target (down previously from $90.00) on shares of Brunswick in a research note on Friday, April 4th. Stifel Nicolaus cut their price target on shares of Brunswick from $95.00 to $86.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. DA Davidson reiterated a “neutral” rating and issued a $43.00 price target (down previously from $64.00) on shares of Brunswick in a research note on Monday, April 28th. Finally, Benchmark assumed coverage on shares of Brunswick in a research note on Monday, April 28th. They issued a “buy” rating and a $70.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.00.

Brunswick Price Performance

Shares of BC opened at $48.09 on Monday. The firm has a market capitalization of $3.16 billion, a PE ratio of 25.31 and a beta of 1.28. The company’s 50-day moving average is $50.28 and its 200-day moving average is $63.97. Brunswick Co. has a fifty-two week low of $41.00 and a fifty-two week high of $87.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.65 and a quick ratio of 0.63.

Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.31. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the firm earned $1.35 earnings per share. The company’s revenue was down 10.5% on a year-over-year basis. Equities analysts forecast that Brunswick Co. will post 4.19 EPS for the current year.

Brunswick Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Monday, May 19th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Monday, May 19th. Brunswick’s dividend payout ratio is 142.15%.

Brunswick Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.