LSV Asset Management grew its holdings in Brunswick Co. (NYSE:BC) by 17.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 446,540 shares of the company’s stock after acquiring an additional 66,087 shares during the period. LSV Asset Management owned about 0.51% of Brunswick worth $24,657,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of BC. Advisor Group Inc. raised its holdings in shares of Brunswick by 108.6% in the third quarter. Advisor Group Inc. now owns 6,896 shares of the company’s stock valued at $386,000 after buying an additional 3,590 shares during the last quarter. Prudential Financial Inc. raised its holdings 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 purchasing an additional 304,470 shares in the last quarter. Candriam Luxembourg S.C.A. purchased a new position in Brunswick during the third quarter worth about $3,322,000. Tudor Investment Corp ET AL purchased a new position in Brunswick during the second quarter worth about $348,000. Finally, Strs Ohio raised its holdings in Brunswick by 30.4% during the third quarter. Strs Ohio now owns 150,000 shares of the company’s stock worth $8,395,000 after purchasing an additional 35,000 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.
Shares of Brunswick Co. (NYSE:BC) traded down $0.54 during trading hours on Thursday, reaching $58.84. 281,388 shares of the company traded hands, compared to its average volume of 975,482. The company has a market cap of $5,140.00, a P/E ratio of 30.99, a PEG ratio of 0.77 and a beta of 1.81. Brunswick Co. has a 12-month low of $48.04 and a 12-month high of $64.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78.
In other Brunswick news, insider John C. Pfeifer sold 3,780 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $54.96, for a total value of $207,748.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.
Several research analysts have weighed in on the stock. Wedbush upgraded shares of Brunswick from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $57.54 to $70.00 in a research report on Wednesday. Zacks Investment Research upgraded shares of Brunswick from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Tuesday, February 6th. Citigroup increased their price target on shares of Brunswick from $66.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. BMO Capital Markets raised their target price on shares of Brunswick to $69.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Finally, Imperial Capital raised their target price on shares of Brunswick from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $66.13.
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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.
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