Goldman Sachs Group Inc. increased its position in shares of Brunswick Co. (NYSE:BC) by 128.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,006,453 shares of the company’s stock after acquiring an additional 1,689,317 shares during the period. Goldman Sachs Group Inc. owned about 3.43% of Brunswick worth $166,017,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisor Group Inc. lifted its stake in Brunswick by 108.6% in the 3rd quarter. Advisor Group Inc. now owns 6,896 shares of the company’s stock valued at $386,000 after purchasing an additional 3,590 shares during the last quarter. Prudential Financial Inc. lifted its stake in Brunswick by 106.9% in the 3rd quarter. Prudential Financial Inc. now owns 589,175 shares of the company’s stock valued at $32,976,000 after purchasing an additional 304,470 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new position in Brunswick in the 3rd quarter valued at approximately $3,322,000. Cannell Peter B & Co. Inc. lifted its stake in Brunswick by 25.3% in the 3rd quarter. Cannell Peter B & Co. Inc. now owns 635,980 shares of the company’s stock valued at $35,596,000 after purchasing an additional 128,390 shares during the last quarter. Finally, Contrarian Capital Management L.L.C. bought a new position in Brunswick in the 3rd quarter valued at approximately $1,373,000. Institutional investors and hedge funds own 93.79% of the company’s stock.
In related news, VP Christopher F. Dekker sold 3,100 shares of Brunswick stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $58.84, for a total transaction of $182,404.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John C. Pfeifer sold 3,780 shares of Brunswick stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $54.96, for a total transaction of $207,748.80. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.
Brunswick Co. (NYSE:BC) opened at $62.46 on Monday. The stock has a market cap of $5,468.83, a price-to-earnings ratio of 16.44, a PEG ratio of 0.84 and a beta of 1.83. Brunswick Co. has a 52 week low of $48.04 and a 52 week high of $64.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.04 and a current ratio of 1.78.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.04). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.13 billion. Brunswick had a net margin of 3.09% and a return on equity of 22.52%. Brunswick’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. sell-side analysts forecast that Brunswick Co. will post 4.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, February 26th. Brunswick’s dividend payout ratio is presently 47.80%.
WARNING: “Goldman Sachs Group Inc. Has $166.02 Million Position in Brunswick Co. (BC)” was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/03/12/goldman-sachs-group-inc-has-166-02-million-position-in-brunswick-co-bc.html.
Brunswick Company Profile
Brunswick Corporation is a designer, manufacturer and marketer of recreation products. The Company operates through three segments: Marine Engine, Boat and Fitness. The Company’s product includes marine engines, boats, fitness equipment and active recreation products. The Company’s engine-related products include outboard, sterndrive and inboard engines; trolling motors; propellers; engine control systems; and marine parts and accessories.
Receive News & Ratings for Brunswick Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brunswick and related companies with MarketBeat.com's FREE daily email newsletter.