Sciencast Management LP Purchases New Position in Brunswick Co. (BC)

Sciencast Management LP bought a new position in Brunswick Co. (NYSE:BC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 5,800 shares of the company’s stock, valued at approximately $298,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lenox Wealth Management Inc. increased its stake in Brunswick by 4.1% in the fourth quarter. Lenox Wealth Management Inc. now owns 5,510 shares of the company’s stock valued at $256,000 after purchasing an additional 217 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Brunswick by 0.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 34,536 shares of the company’s stock valued at $1,604,000 after purchasing an additional 257 shares in the last quarter. First Mercantile Trust Co. boosted its position in Brunswick by 15.7% during the 4th quarter. First Mercantile Trust Co. now owns 2,140 shares of the company’s stock worth $99,000 after buying an additional 290 shares during the period. Louisiana State Employees Retirement System raised its holdings in Brunswick by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the company’s stock worth $1,173,000 after purchasing an additional 300 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in shares of Brunswick by 3.8% in the 4th quarter. State of Alaska Department of Revenue now owns 13,707 shares of the company’s stock valued at $635,000 after acquiring an additional 503 shares in the last quarter. Institutional investors own 95.87% of the company’s stock.

BC stock traded up $0.27 during trading on Friday, hitting $51.46. The company had a trading volume of 850,676 shares, compared to its average volume of 1,287,824. The stock has a market capitalization of $4.46 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.04 and a beta of 1.63. The company has a quick ratio of 0.79, a current ratio of 1.61 and a debt-to-equity ratio of 0.87. Brunswick Co. has a 1-year low of $41.92 and a 1-year high of $69.82.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.99 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.99. Brunswick had a return on equity of 27.01% and a net margin of 2.99%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $1.01 EPS. Brunswick’s revenue was up 5.4% on a year-over-year basis. Analysts expect that Brunswick Co. will post 4.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, May 20th. Brunswick’s payout ratio is 17.61%.

In other news, VP Christopher F. Dekker sold 1,599 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $49.94, for a total transaction of $79,854.06. Following the transaction, the vice president now owns 32,323 shares in the company, valued at approximately $1,614,210.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Daniel J. Tanner sold 3,373 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $53.28, for a total transaction of $179,713.44. The disclosure for this sale can be found here. Insiders sold a total of 6,251 shares of company stock valued at $321,816 in the last ninety days. Company insiders own 1.20% of the company’s stock.

A number of research firms have issued reports on BC. TheStreet raised shares of Brunswick from a “c” rating to a “b-” rating in a report on Thursday, January 31st. Northcoast Research reissued a “buy” rating on shares of Brunswick in a research note on Friday, April 26th. Longbow Research set a $68.00 price target on Brunswick and gave the stock a “buy” rating in a research note on Friday, April 26th. SunTrust Banks decreased their price objective on Brunswick to $62.00 and set a “buy” rating for the company in a report on Friday, April 26th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Brunswick from a “sell” rating to a “hold” rating in a report on Monday, February 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $69.64.

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Brunswick Profile

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, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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