Guggenheim Capital LLC boosted its holdings in Brunswick Co. (NYSE:BC) by 37.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,455 shares of the company’s stock after acquiring an additional 5,546 shares during the quarter. Guggenheim Capital LLC’s holdings in Brunswick were worth $1,129,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Delphi Management Inc. MA raised its position in Brunswick by 2.5% in the fourth quarter. Delphi Management Inc. MA now owns 37,028 shares of the company’s stock worth $2,045,000 after acquiring an additional 900 shares in the last quarter. M&T Bank Corp raised its holdings in Brunswick by 17.3% during the 4th quarter. M&T Bank Corp now owns 8,605 shares of the company’s stock worth $476,000 after buying an additional 1,271 shares during the period. OppenheimerFunds Inc. raised its holdings in Brunswick by 6.6% during the 4th quarter. OppenheimerFunds Inc. now owns 24,589 shares of the company’s stock worth $1,358,000 after buying an additional 1,528 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Brunswick by 47.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,757 shares of the company’s stock worth $263,000 after buying an additional 1,540 shares during the period. Finally, Palouse Capital Management Inc. raised its holdings in Brunswick by 38.7% during the 4th quarter. Palouse Capital Management Inc. now owns 6,067 shares of the company’s stock worth $335,000 after buying an additional 1,693 shares during the period. Hedge funds and other institutional investors own 93.85% of the company’s stock.
BC has been the topic of several recent analyst reports. B. Riley boosted their price objective on Brunswick from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded Brunswick from a “buy” rating to a “hold” rating in a report on Monday. CL King restated a “neutral” rating on shares of Brunswick in a report on Friday, February 2nd. Citigroup boosted their price objective on Brunswick from $66.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th. Finally, Northcoast Research set a $64.00 price objective on Brunswick and gave the stock a “buy” rating in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $69.66.
Shares of BC opened at $58.99 on Tuesday. The stock has a market capitalization of $5,196.52, a PE ratio of 15.16, a price-to-earnings-growth ratio of 0.79 and a beta of 1.81. Brunswick Co. has a fifty-two week low of $48.04 and a fifty-two week 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 issued its earnings results on Thursday, February 1st. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.04). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. Brunswick’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. sell-side analysts expect that Brunswick Co. will post 4.6 EPS for the current fiscal year.
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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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