Vanguard Group Inc. increased its position in shares of Brunswick Corp. (NYSE:BC) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 6,444,663 shares of the company’s stock after buying an additional 53,155 shares during the period. Vanguard Group Inc. owned 7.14% of Brunswick Corp. worth $292,073,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in BC. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Brunswick Corp. during the second quarter worth $109,000. Advisors Asset Management Inc. acquired a new position in shares of Brunswick Corp. during the second quarter worth $109,000. World Asset Management Inc boosted its position in shares of Brunswick Corp. by 0.3% in the second quarter. World Asset Management Inc now owns 4,441 shares of the company’s stock worth $201,000 after buying an additional 12 shares during the period. BlackRock Japan Co. Ltd boosted its position in shares of Brunswick Corp. by 362.8% in the first quarter. BlackRock Japan Co. Ltd now owns 4,272 shares of the company’s stock worth $205,000 after buying an additional 3,349 shares during the period. Finally, Investors Capital Advisory Services acquired a new position in shares of Brunswick Corp. during the second quarter worth $221,000. Institutional investors and hedge funds own 95.26% of the company’s stock.
Shares of Brunswick Corp. (NYSE:BC) opened at 48.39 on Monday. Brunswick Corp. has a 52-week low of $36.05 and a 52-week high of $55.65. The company has a 50-day moving average of $47.23 and a 200 day moving average of $47.60. The stock has a market cap of $4.37 billion, a P/E ratio of 18.83 and a beta of 1.98.
Brunswick Corp. (NYSE:BC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.01. Brunswick Corp. had a net margin of 5.58% and a return on equity of 22.51%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm posted $1.05 earnings per share. Brunswick Corp.’s revenue for the quarter was up 8.8% compared to the same quarter last year. Equities research analysts forecast that Brunswick Corp. will post $3.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Tuesday, August 23rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, August 19th. Brunswick Corp.’s dividend payout ratio (DPR) is 23.26%.
A number of research analysts recently weighed in on BC shares. Wedbush restated an “outperform” rating and issued a $60.00 price objective on shares of Brunswick Corp. in a report on Saturday, July 2nd. Imperial Capital initiated coverage on shares of Brunswick Corp. in a report on Tuesday, September 27th. They set an “outperform” rating and a $60.00 price target for the company. Robert W. Baird reiterated an “outperform” rating on shares of Brunswick Corp. in a report on Saturday, June 25th. Zacks Investment Research cut shares of Brunswick Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Off Wall Street initiated coverage on shares of Brunswick Corp. in a report on Monday, July 18th. They set a “sell” rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $56.42.
In other Brunswick Corp. news, CFO William Metzger sold 19,051 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $49.52, for a total value of $943,405.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.50% of the stock is currently owned by company insiders.
About Brunswick Corp.
Brunswick Corporation (Brunswick) is a designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness and active recreation products. The Company operates in three segments, which include Marine Engine, Boat and Fitness. The Marine Engine segment manufactures and markets a range of outboard engines, sterndrive engines, inboard engines and marine parts and accessories, which are principally sold directly to boat builders, including Brunswick’s Boat segment, or through marine retail dealers and distributors across the world.
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