Great West Life Assurance Co. Can Has $3.55 Million Holdings in Brunswick Co. (NYSE:BC)

Great West Life Assurance Co. Can grew its stake in Brunswick Co. (NYSE:BCGet Rating) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,262 shares of the company’s stock after buying an additional 4,207 shares during the quarter. Great West Life Assurance Co. Can owned 0.07% of Brunswick worth $3,553,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&G Investment Management Ltd. lifted its position in shares of Brunswick by 7.3% in the third quarter. M&G Investment Management Ltd. now owns 62,772 shares of the company’s stock worth $4,080,000 after purchasing an additional 4,244 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Brunswick by 10,038.0% in the third quarter. International Assets Investment Management LLC now owns 10,949 shares of the company’s stock worth $38,000 after purchasing an additional 10,841 shares in the last quarter. Comerica Bank lifted its position in shares of Brunswick by 6.4% in the third quarter. Comerica Bank now owns 60,069 shares of the company’s stock worth $4,088,000 after purchasing an additional 3,600 shares in the last quarter. US Bancorp DE lifted its position in shares of Brunswick by 1.9% in the third quarter. US Bancorp DE now owns 8,629 shares of the company’s stock worth $565,000 after purchasing an additional 159 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Brunswick by 9.9% in the third quarter. Van ECK Associates Corp now owns 2,342 shares of the company’s stock worth $153,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 93.01% of the company’s stock.

Brunswick Price Performance

Shares of BC opened at $80.17 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.88 and a quick ratio of 0.84. The company’s 50-day moving average is $73.91 and its 200-day moving average is $73.67. Brunswick Co. has a fifty-two week low of $61.89 and a fifty-two week high of $98.49. The firm has a market capitalization of $5.81 billion, a PE ratio of 9.61 and a beta of 1.54.

Brunswick (NYSE:BCGet Rating) last released its quarterly earnings results on Thursday, October 27th. The company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.62 by $0.05. Brunswick had a net margin of 9.56% and a return on equity of 36.52%. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.77 billion. Equities analysts forecast that Brunswick Co. will post 10.01 EPS for the current year.

Analyst Upgrades and Downgrades

BC has been the topic of a number of research reports. DA Davidson lowered shares of Brunswick from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $90.00 to $82.00 in a research report on Tuesday, November 15th. B. Riley boosted their price objective on shares of Brunswick from $83.00 to $88.00 in a research report on Friday, October 28th. JPMorgan Chase & Co. dropped their price target on shares of Brunswick from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Raymond James dropped their price target on shares of Brunswick from $115.00 to $97.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Finally, Citigroup dropped their price target on shares of Brunswick from $106.00 to $104.00 in a research report on Friday, October 28th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.00.

Brunswick Company Profile

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Brunswick Corp. engages in the design, manufacture, and marketing of recreational marine products, including marine engines, boats, and parts and accessories for those products. It operates through the following segments: Propulsion, Parts and Accessories, Boat, and Corporate/Other. The Propulsion segment manufactures a full range of outboard, sterndrive, and inboard engines, as well as propulsion-related controls, propellers, and rigging parts and accessories.

See Also

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Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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