Vontobel Holding Ltd. Purchases 824 Shares of Brunswick Co. (NYSE:BC)

Vontobel Holding Ltd. boosted its position in Brunswick Co. (NYSE:BC) by 2.8% in the 4th quarter, HoldingsChannel reports. The firm owned 30,723 shares of the company’s stock after acquiring an additional 824 shares during the period. Vontobel Holding Ltd.’s holdings in Brunswick were worth $2,972,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BC. Valley National Advisers Inc. acquired a new position in shares of Brunswick in the third quarter valued at $25,000. Rockefeller Capital Management L.P. boosted its holdings in shares of Brunswick by 104.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 520 shares of the company’s stock worth $36,000 after buying an additional 266 shares during the period. Fred Alger Management LLC acquired a new position in Brunswick in the 1st quarter valued at about $40,000. Neo Ivy Capital Management bought a new position in Brunswick in the 2nd quarter valued at about $46,000. Finally, International Assets Investment Management LLC acquired a new stake in Brunswick during the first quarter worth approximately $52,000. Institutional investors own 99.34% of the company’s stock.

Brunswick Trading Down 0.9 %

Shares of BC stock opened at $82.09 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.43 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $5.65 billion, a P/E ratio of 13.80 and a beta of 1.56. Brunswick Co. has a twelve month low of $66.47 and a twelve month high of $99.68. The stock’s fifty day simple moving average is $89.38 and its 200 day simple moving average is $84.47.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, February 1st. The company reported $1.45 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.21). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.44 billion. Brunswick had a return on equity of 29.78% and a net margin of 6.57%. The business’s revenue for the quarter was down 14.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.99 earnings per share. As a group, sell-side analysts predict that Brunswick Co. will post 7.49 EPS for the current fiscal year.

Brunswick Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, February 26th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Friday, February 23rd. This is a positive change from Brunswick’s previous quarterly dividend of $0.40. Brunswick’s payout ratio is 28.24%.

Insider Buying and Selling

In other Brunswick news, EVP John G. Buelow sold 2,426 shares of Brunswick stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $87.12, for a total transaction of $211,353.12. Following the transaction, the executive vice president now directly owns 14,199 shares of the company’s stock, valued at approximately $1,237,016.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Brunswick news, EVP John G. Buelow sold 2,426 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $87.12, for a total transaction of $211,353.12. Following the completion of the sale, the executive vice president now owns 14,199 shares of the company’s stock, valued at approximately $1,237,016.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher F. Dekker sold 6,234 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $84.53, for a total transaction of $526,960.02. Following the completion of the transaction, the vice president now owns 35,176 shares in the company, valued at approximately $2,973,427.28. The disclosure for this sale can be found here. Insiders have sold a total of 52,696 shares of company stock valued at $4,574,199 over the last 90 days. 0.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Roth Mkm upped their target price on Brunswick from $85.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. BNP Paribas reaffirmed a “neutral” rating and issued a $82.00 price objective (down from $94.00) on shares of Brunswick in a report on Monday. Stifel Nicolaus lifted their target price on Brunswick from $88.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, January 17th. Raymond James downgraded shares of Brunswick from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 4th. Finally, B. Riley raised shares of Brunswick from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $108.00 in a research report on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Brunswick currently has an average rating of “Moderate Buy” and a consensus target price of $92.69.

About Brunswick

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.