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%.
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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.
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