Grandfield & Dodd LLC raised its stake in Brunswick Corporation (NYSE:BC) by 19.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 169,200 shares of the company’s stock after purchasing an additional 28,090 shares during the quarter. Grandfield & Dodd LLC owned 0.19% of Brunswick Corporation worth $9,470,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in BC. Advisors Asset Management Inc. bought a new stake in Brunswick Corporation in the second quarter valued at approximately $134,000. Bronfman E.L. Rothschild L.P. increased its stake in shares of Brunswick Corporation by 149.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after buying an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Brunswick Corporation by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after buying an additional 280 shares during the period. Advisor Group Inc. increased its stake in shares of Brunswick Corporation by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after buying an additional 87 shares during the period. Finally, Pitcairn Co. purchased a new position in shares of Brunswick Corporation during the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 93.43% of the company’s stock.
BC has been the topic of several research analyst reports. Aegis reissued a “buy” rating and set a $73.00 target price on shares of Brunswick Corporation in a research note on Thursday, August 17th. ValuEngine cut Brunswick Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Forward View raised Brunswick Corporation from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Sunday, September 3rd. BMO Capital Markets reduced their target price on Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. Finally, B. Riley set a $70.00 target price on Brunswick Corporation and gave the company a “buy” rating in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $62.50.
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Brunswick Corporation (NYSE:BC) traded up $0.05 during midday trading on Friday, hitting $48.89. The stock had a trading volume of 316,481 shares, compared to its average volume of 1,370,000. Brunswick Corporation has a 52-week low of $44.25 and a 52-week high of $63.82. The stock has a market capitalization of $4,290.00, a PE ratio of 13.20, a P/E/G ratio of 0.79 and a beta of 1.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.95 and a current ratio of 1.81.
Brunswick Corporation (NYSE:BC) last released its earnings results on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.09). Brunswick Corporation had a return on equity of 22.71% and a net margin of 5.93%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company posted $0.91 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. equities research analysts expect that Brunswick Corporation will post 3.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 21st will be paid a $0.19 dividend. This is a boost from Brunswick Corporation’s previous quarterly dividend of $0.17. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Monday, November 20th. Brunswick Corporation’s dividend payout ratio is currently 21.22%.
About Brunswick Corporation
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.
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