Stoneridge Investment Partners LLC increased its position in Brunswick Corp. (NYSE:BC) by 12.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,943 shares of the company’s stock after buying an additional 6,700 shares during the period. Stoneridge Investment Partners LLC owned about 0.07% of Brunswick Corp. worth $2,717,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. BlackRock Japan Co. Ltd boosted its stake 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 last quarter. LPL Financial LLC acquired a new stake in shares of Brunswick Corp. during the first quarter worth about $222,000. LS Investment Advisors LLC boosted its stake in shares of Brunswick Corp. by 63.7% in the second quarter. LS Investment Advisors LLC now owns 5,532 shares of the company’s stock worth $251,000 after buying an additional 2,152 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Brunswick Corp. during the first quarter worth about $276,000. Finally, Capstone Asset Management Co. boosted its stake in shares of Brunswick Corp. by 2.6% in the second quarter. Capstone Asset Management Co. now owns 7,202 shares of the company’s stock worth $326,000 after buying an additional 180 shares during the last quarter. 95.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Brunswick Corp. (NYSE:BC) traded up 2.93% on Tuesday, reaching $47.80. The company’s stock had a trading volume of 1,928,809 shares. The stock has a market cap of $4.31 billion, a P/E ratio of 18.60 and a beta of 1.96. The firm’s 50-day moving average price is $47.05 and its 200-day moving average price is $47.26. Brunswick Corp. has a 12 month low of $36.05 and a 12 month high of $55.65.
Brunswick Corp. (NYSE:BC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.01. The company earned $1.24 billion during the quarter, compared to the consensus estimate of $1.25 billion. Brunswick Corp. had a return on equity of 22.51% and a net margin of 5.58%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. On average, analysts forecast that Brunswick Corp. will post $3.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 23rd were paid a dividend of $0.15 per share. The ex-dividend date was Friday, August 19th. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. Brunswick Corp.’s payout ratio is 23.26%.
A number of equities research analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $65.00 target price on shares of Brunswick Corp. in a research report on Wednesday, August 3rd. Wedbush reissued an “outperform” rating and issued a $60.00 target price on shares of Brunswick Corp. in a research report on Saturday, July 2nd. Zacks Investment Research cut shares of Brunswick Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 5th. Robert W. Baird reissued an “outperform” rating and issued a $60.00 target price on shares of Brunswick Corp. in a research report on Wednesday, July 6th. Finally, Off Wall Street assumed coverage on shares of Brunswick Corp. in a research report on Monday, July 18th. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company’s stock. Brunswick Corp. has an average rating of “Buy” and a consensus target price of $56.09.
In other news, CFO William Metzger sold 19,051 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $49.52, for a total transaction of $943,405.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company’s stock.
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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