Nordea Investment Management AB raised its holdings in shares of Brunswick Co. (NYSE:BC) by 0.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 74,243 shares of the company’s stock after purchasing an additional 694 shares during the period. Nordea Investment Management AB owned 0.09% of Brunswick worth $3,736,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in BC. FNY Investment Advisers LLC bought a new position in shares of Brunswick during the first quarter valued at approximately $25,000. Signaturefd LLC increased its stake in shares of Brunswick by 121.3% during the first quarter. Signaturefd LLC now owns 1,049 shares of the company’s stock valued at $53,000 after purchasing an additional 575 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of Brunswick by 25.7% during the first quarter. Rehmann Capital Advisory Group now owns 2,722 shares of the company’s stock valued at $137,000 after purchasing an additional 556 shares in the last quarter. Starr International Co. Inc. bought a new position in shares of Brunswick during the first quarter valued at approximately $144,000. Finally, New England Research & Management Inc. bought a new position in shares of Brunswick during the first quarter valued at approximately $206,000. 93.12% of the stock is owned by institutional investors and hedge funds.
Shares of Brunswick stock traded up $0.07 during trading hours on Thursday, reaching $46.73. The company’s stock had a trading volume of 872,864 shares, compared to its average volume of 1,068,096. The business’s 50 day simple moving average is $44.78. Brunswick Co. has a one year low of $41.02 and a one year high of $69.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 1.61. The stock has a market cap of $4.04 billion, a PE ratio of 9.80, a P/E/G ratio of 1.02 and a beta of 1.70.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 20th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.80%. Brunswick’s dividend payout ratio is presently 17.61%.
BC has been the subject of a number of analyst reports. Northcoast Research reaffirmed a “neutral” rating on shares of Advance Auto Parts in a research note on Thursday, June 27th. Zacks Investment Research upgraded shares of Catasys from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday. B. Riley set a $71.00 price target on shares of Brunswick and gave the stock a “buy” rating in a research note on Friday, June 28th. TheStreet cut shares of Trinity Industries from a “b” rating to a “c” rating in a research note on Thursday, April 25th. Finally, Wedbush restated a “buy” rating and set a $36.00 target price on shares of Allena Pharmaceuticals in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Brunswick presently has an average rating of “Buy” and a consensus price target of $62.33.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, electrical systems, service parts, and lubricants; and integrated propulsion systems to the recreational and commercial marine markets, as well as parts and accessories.
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