Brunswick Co. (NYSE:BC) was the target of some unusual options trading on Monday. Stock traders purchased 2,066 call options on the stock. This is an increase of 831% compared to the average volume of 222 call options.
Large investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Brunswick by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 855,784 shares of the company’s stock worth $39,750,000 after buying an additional 68,803 shares during the period. Fernwood Investment Management LLC lifted its stake in shares of Brunswick by 17.0% during the first quarter. Fernwood Investment Management LLC now owns 15,125 shares of the company’s stock worth $761,000 after buying an additional 2,200 shares during the period. Jane Street Group LLC lifted its stake in shares of Brunswick by 210.5% during the fourth quarter. Jane Street Group LLC now owns 39,618 shares of the company’s stock worth $1,840,000 after buying an additional 26,860 shares during the period. MARSHALL WACE ASIA Ltd lifted its position in Brunswick by 147.5% during the first quarter. MARSHALL WACE ASIA Ltd now owns 1,228,921 shares of the company’s stock valued at $61,852,000 after purchasing an additional 732,303 shares during the period. Finally, Vanguard Group Inc lifted its position in Brunswick by 1.9% during the third quarter. Vanguard Group Inc now owns 7,493,427 shares of the company’s stock valued at $502,209,000 after purchasing an additional 136,697 shares during the period. Institutional investors and hedge funds own 93.07% of the company’s stock.
Several research firms have recently weighed in on BC. Zacks Investment Research cut Brunswick from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Northcoast Research restated a “buy” rating on shares of Brunswick in a research report on Friday, April 26th. Longbow Research set a $68.00 price objective on Brunswick and gave the company a “buy” rating in a research report on Friday, April 26th. SunTrust Banks cut their price objective on Brunswick to $62.00 and set a “buy” rating for the company in a research report on Friday, April 26th. They noted that the move was a valuation call. Finally, TheStreet downgraded shares of Brunswick from a “b-” rating to a “c” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $67.91.
NYSE BC traded up $0.16 on Wednesday, hitting $45.31. The stock had a trading volume of 1,069,500 shares, compared to its average volume of 1,065,364. The business has a fifty day moving average of $45.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 1.61. Brunswick has a 52-week low of $41.02 and a 52-week high of $69.82. The company has a market capitalization of $3.93 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.70.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.99 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.99. Brunswick had a net margin of 2.99% and a return on equity of 27.01%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Brunswick will post 4.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $0.84 annualized dividend and a dividend yield of 1.85%. Brunswick’s payout ratio is currently 17.61%.
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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