Brunswick Corporation $BC Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Brunswick Corporation (NYSE:BC) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,749,443 shares of the company’s stock after acquiring an additional 54,838 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.23% of Brunswick worth $173,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BC. Massachusetts Financial Services Co. MA boosted its holdings in Brunswick by 0.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,494,664 shares of the company’s stock valued at $221,003,000 after purchasing an additional 11,777 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Brunswick by 56.4% during the 3rd quarter. American Century Companies Inc. now owns 2,302,918 shares of the company’s stock worth $145,637,000 after buying an additional 830,451 shares during the last quarter. Deprince Race & Zollo Inc. raised its position in shares of Brunswick by 2.5% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,852,050 shares of the company’s stock valued at $117,124,000 after buying an additional 44,431 shares during the period. Bank of New York Mellon Corp lifted its holdings in Brunswick by 70.1% in the third quarter. Bank of New York Mellon Corp now owns 1,700,164 shares of the company’s stock valued at $107,518,000 after acquiring an additional 700,447 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Brunswick by 23.2% in the second quarter. Alliancebernstein L.P. now owns 1,420,922 shares of the company’s stock worth $78,492,000 after acquiring an additional 267,479 shares during the period. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Brunswick news, VP Christopher F. Dekker sold 4,981 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $87.38, for a total value of $435,239.78. Following the sale, the vice president owned 39,740 shares of the company’s stock, valued at $3,472,481.20. This trade represents a 11.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Foulkes sold 38,266 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $86.56, for a total value of $3,312,304.96. Following the transaction, the chief executive officer directly owned 271,169 shares of the company’s stock, valued at approximately $23,472,388.64. This represents a 12.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.85% of the company’s stock.

Brunswick Stock Up 2.1%

Shares of BC opened at $72.13 on Tuesday. The company’s 50-day simple moving average is $83.52 and its 200-day simple moving average is $72.62. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.61 and a current ratio of 1.44. Brunswick Corporation has a 1 year low of $41.00 and a 1 year high of $90.25. The stock has a market capitalization of $4.68 billion, a PE ratio of -34.03 and a beta of 1.39.

Brunswick (NYSE:BC) last announced its quarterly earnings data on Thursday, January 29th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Brunswick had a negative net margin of 2.56% and a positive return on equity of 12.22%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. Analysts forecast that Brunswick Corporation will post 4.19 earnings per share for the current fiscal year.

Brunswick Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Monday, February 23rd will be paid a $0.44 dividend. The ex-dividend date is Monday, February 23rd. This is an increase from Brunswick’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a dividend yield of 2.4%. Brunswick’s payout ratio is -83.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BC shares. Citigroup upped their price target on Brunswick from $100.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Jefferies Financial Group set a $115.00 price objective on shares of Brunswick and gave the company a “buy” rating in a report on Tuesday, January 6th. Morgan Stanley set a $82.00 target price on shares of Brunswick in a research report on Tuesday, February 17th. Robert W. Baird set a $85.00 price target on shares of Brunswick in a research report on Friday, January 30th. Finally, Wall Street Zen downgraded shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Sunday, December 7th. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $84.00.

Brunswick Profile

Founded in 1845 by John Moses Brunswick, Brunswick Corporation is a global leader in recreation products. Headquartered in Mettawa, Illinois, the company has evolved from its origins as a billiard table manufacturer into a diversified supplier of leisure equipment, serving both consumer and commercial markets around the world.

Brunswick operates through two primary segments: Marine and Bowling & Billiards. In its Marine segment, the company designs, manufactures and distributes recreational boats, outboard engines and aftermarket parts under recognized brands such as Sea Ray, Bayliner and Mercury Marine.