Hodges Capital Management Inc. decreased its holdings in Brunswick Co. (NYSE:BC) by 12.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 330,620 shares of the company’s stock after selling 48,550 shares during the quarter. Brunswick makes up about 1.7% of Hodges Capital Management Inc.’s investment portfolio, making the stock its 11th largest position. Hodges Capital Management Inc.’s holdings in Brunswick were worth $16,640,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. First Mercantile Trust Co. raised its position in shares of Brunswick by 15.7% during the fourth quarter. First Mercantile Trust Co. now owns 2,140 shares of the company’s stock worth $99,000 after acquiring an additional 290 shares during the last quarter. Rehmann Capital Advisory Group raised its position in shares of Brunswick by 207.5% during the third quarter. Rehmann Capital Advisory Group now owns 2,580 shares of the company’s stock worth $173,000 after acquiring an additional 1,741 shares during the last quarter. HRT Financial LLC bought a new stake in shares of Brunswick during the third quarter worth $274,000. New England Research & Management Inc. bought a new stake in shares of Brunswick during the first quarter worth $206,000. Finally, B. Riley Financial Inc. bought a new stake in shares of Brunswick during the fourth quarter worth $232,000. Hedge funds and other institutional investors own 96.23% of the company’s stock.
In other Brunswick news, VP Christopher F. Dekker sold 1,599 shares of the business’s stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $49.94, for a total value of $79,854.06. Following the completion of the transaction, the vice president now directly owns 32,323 shares of the company’s stock, valued at $1,614,210.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel J. Tanner sold 3,373 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $53.28, for a total value of $179,713.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,251 shares of company stock valued at $321,816. Insiders own 1.20% of the company’s stock.
Shares of Brunswick stock traded up $0.45 during trading on Monday, reaching $53.23. 526,421 shares of the company were exchanged, compared to its average volume of 879,634. The company has a quick ratio of 0.75, a current ratio of 1.50 and a debt-to-equity ratio of 0.75. Brunswick Co. has a twelve month low of $41.92 and a twelve month high of $69.82. The stock has a market cap of $4.59 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.65.
Brunswick (NYSE:BC) last posted its earnings results on Thursday, January 31st. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. Brunswick had a return on equity of 27.37% and a net margin of 5.20%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned $0.70 earnings per share. Analysts expect that Brunswick Co. will post 4.97 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. ValuEngine raised Brunswick from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. JPMorgan Chase & Co. raised Brunswick from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $52.00 to $67.00 in a research note on Monday, February 25th. Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. TheStreet raised Brunswick from a “c” rating to a “b-” rating in a research note on Thursday, January 31st. Finally, B. Riley reaffirmed a “buy” rating on shares of Brunswick in a research note on Thursday, December 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $70.67.
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Brunswick Company Profile
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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