Brevan Howard Capital Management LP Increases Holdings in Brunswick Co. (NYSE:BC)

Brevan Howard Capital Management LP raised its stake in Brunswick Co. (NYSE:BC) by 147.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,458 shares of the company’s stock after buying an additional 12,798 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Brunswick were worth $1,388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BC. Armstrong Advisory Group Inc. purchased a new stake in Brunswick in the fourth quarter valued at $39,000. Financial Perspectives Inc acquired a new stake in shares of Brunswick during the 4th quarter worth about $42,000. Quarry LP purchased a new stake in Brunswick in the 4th quarter valued at about $45,000. KBC Group NV lifted its position in Brunswick by 42.8% in the fourth quarter. KBC Group NV now owns 2,892 shares of the company’s stock valued at $187,000 after buying an additional 867 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in Brunswick in the fourth quarter valued at about $203,000. 99.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brunswick

In related news, SVP Randall S. Altman sold 3,417 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $63.21, for a total value of $215,988.57. Following the sale, the senior vice president now owns 26,683 shares of the company’s stock, valued at approximately $1,686,632.43. This represents a 11.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BC. Citigroup reduced their price target on shares of Brunswick from $92.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. Stifel Nicolaus decreased their price target on Brunswick from $95.00 to $86.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Morgan Stanley lifted their price objective on Brunswick from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. B. Riley upgraded Brunswick to a “hold” rating in a report on Wednesday, February 12th. Finally, BMO Capital Markets lowered their target price on Brunswick from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Brunswick presently has an average rating of “Moderate Buy” and a consensus target price of $71.00.

Brunswick Trading Up 0.6 %

BC opened at $45.94 on Thursday. The business’s 50-day simple moving average is $50.64 and its 200-day simple moving average is $64.61. The company has a market cap of $3.02 billion, a P/E ratio of 24.18 and a beta of 1.28. Brunswick Co. has a one year low of $41.00 and a one year high of $87.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 1.65.

Brunswick (NYSE:BC) last announced its earnings results on Thursday, April 24th. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.31. Brunswick had a net margin of 2.48% and a return on equity of 15.41%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the firm posted $1.35 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, equities research analysts expect that Brunswick Co. will post 4.19 EPS for the current fiscal year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders 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 dividend yield of 3.74%. Brunswick’s payout ratio is 142.15%.

About Brunswick

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.