LSV Asset Management Has $24.66 Million Holdings in Brunswick Co. (BC)

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.

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

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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About Brunswick

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.

Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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