Lodge Hill Capital LLC Acquires 70,000 Shares of Brunswick Co. (NYSE:BC)

Lodge Hill Capital LLC increased its holdings in shares of Brunswick Co. (NYSE:BC) by 24.5% in the second quarter, Holdings Channel reports. The firm owned 355,500 shares of the company’s stock after buying an additional 70,000 shares during the period. Brunswick comprises 7.0% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 2nd largest holding. Lodge Hill Capital LLC’s holdings in Brunswick were worth $25,870,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Principal Securities Inc. acquired a new stake in shares of Brunswick in the fourth quarter valued at $28,000. Johnson Financial Group Inc. acquired a new stake in shares of Brunswick in the fourth quarter valued at $30,000. Rise Advisors LLC boosted its holdings in Brunswick by 249.5% in the first quarter. Rise Advisors LLC now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 232 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Brunswick by 43,700.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 438 shares of the company’s stock worth $42,000 after purchasing an additional 437 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in Brunswick by 77.1% during the 1st quarter. J.Safra Asset Management Corp now owns 602 shares of the company’s stock worth $58,000 after purchasing an additional 262 shares during the period. Institutional investors and hedge funds own 99.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Jefferies Financial Group restated a “hold” rating and set a $70.00 target price (down from $115.00) on shares of Brunswick in a research note on Friday, July 26th. Robert W. Baird dropped their price objective on shares of Brunswick from $95.00 to $93.00 and set an “outperform” rating on the stock in a research report on Friday, July 26th. Roth Mkm reaffirmed a “buy” rating and set a $94.00 price objective on shares of Brunswick in a research report on Thursday, July 25th. Benchmark reiterated a “buy” rating and set a $100.00 target price on shares of Brunswick in a research note on Friday, July 26th. Finally, Citigroup cut their price target on Brunswick from $100.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.23.

Brunswick Trading Down 1.8 %

NYSE:BC opened at $82.90 on Friday. The company has a market capitalization of $5.60 billion, a PE ratio of 15.41 and a beta of 1.51. Brunswick Co. has a 52-week low of $66.47 and a 52-week high of $99.68. The stock’s 50 day moving average price is $78.15 and its 200 day moving average price is $80.88. The company has a quick ratio of 0.75, a current ratio of 1.70 and a debt-to-equity ratio of 1.18.

Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.10). Brunswick had a net margin of 5.92% and a return on equity of 23.46%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the company earned $2.35 EPS. The firm’s revenue for the quarter was down 15.2% compared to the same quarter last year. On average, research analysts anticipate that Brunswick Co. will post 5.26 EPS for the current year.

Brunswick Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Wednesday, August 21st were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.03%. The ex-dividend date was Wednesday, August 21st. Brunswick’s dividend payout ratio (DPR) is presently 31.23%.

Insider Buying and Selling at Brunswick

In other Brunswick news, Director Nancy E. Cooper sold 358 shares of Brunswick stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $81.34, for a total value of $29,119.72. Following the transaction, the director now directly owns 23,877 shares in the company, valued at approximately $1,942,155.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.81% of the stock is owned by company insiders.

Brunswick Profile

Brunswick Corporation designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally. It operates through four segments: Propulsion, Engine P&A, Navico Group, and Boat. The Propulsion segment provides outboard, sterndrive, inboard engines, propulsion-related controls, rigging, and propellers for boat builders through marine retail dealers under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Diesel, Avator, and Fliteboard brands.