Engineers Gate Manager LP Takes Position in Brunswick Co. (BC)

Engineers Gate Manager LP bought a new position in Brunswick Co. (NYSE:BC) in the third quarter, according to the company in its most recent disclosure with the SEC. The fund bought 15,634 shares of the company’s stock, valued at approximately $875,000.

A number of other large investors also recently bought and sold shares of BC. Aspen Investment Management Inc grew its position in shares of Brunswick by 0.9% during the 2nd quarter. Aspen Investment Management Inc now owns 5,420 shares of the company’s stock valued at $340,000 after acquiring an additional 50 shares during the period. Advisor Group Inc. lifted its stake in shares of Brunswick by 2.7% during the 2nd quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after buying an additional 87 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Brunswick by 1.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,180 shares of the company’s stock valued at $450,000 after buying an additional 98 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Brunswick by 2.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,536 shares of the company’s stock valued at $285,000 after buying an additional 106 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Brunswick by 1.5% during the 2nd quarter. HighTower Advisors LLC now owns 8,107 shares of the company’s stock valued at $509,000 after buying an additional 122 shares in the last quarter. 92.66% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the stock. Northcoast Research upgraded shares of Brunswick from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. Royal Bank of Canada decreased their price target on shares of Brunswick from $67.00 to $56.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Zacks Investment Research cut shares of Brunswick from a “hold” rating to a “sell” rating in a research note on Friday, September 29th. Forward View upgraded shares of Brunswick from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Sunday, September 3rd. Finally, Imperial Capital decreased their target price on shares of Brunswick from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $62.86.

Brunswick Co. (NYSE BC) opened at $54.94 on Friday. The company has a market cap of $4,874.68, a PE ratio of 14.74, a P/E/G ratio of 0.89 and a beta of 1.90. Brunswick Co. has a fifty-two week low of $48.04 and a fifty-two week high of $63.82. The company has a current ratio of 1.81, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28.

Brunswick (NYSE:BC) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.91 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.09). The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 earnings per share. equities analysts predict that Brunswick Co. will post 3.85 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.38%. This is an increase from Brunswick’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, November 20th. Brunswick’s dividend payout ratio is presently 24.52%.

COPYRIGHT VIOLATION NOTICE: “Engineers Gate Manager LP Takes Position in Brunswick Co. (BC)” was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.truebluetribune.com/2017/12/15/engineers-gate-manager-lp-takes-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.

Institutional Ownership by Quarter for Brunswick (NYSE:BC)

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.

Latest News

Leave a Reply