Teacher Retirement System of Texas increased its position in Brunswick Corp. (NYSE:BC) by 13.8% during the second quarter, Holdings Channel reports. The institutional investor owned 12,724 shares of the company’s stock after buying an additional 1,546 shares during the period. Teacher Retirement System of Texas’ holdings in Brunswick Corp. were worth $577,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. 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. BlackRock Japan Co. Ltd increased 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 last quarter. World Asset Management Inc increased 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 last quarter. Finally, Investors Capital Advisory Services acquired a new position in shares of Brunswick Corp. during the second quarter worth $221,000. 95.26% of the stock is owned by hedge funds and other institutional investors.
Brunswick Corp. (NYSE:BC) traded up 0.215% on Monday, hitting $48.885. 104,766 shares of the stock traded hands. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 19.021 and a beta of 1.98. Brunswick Corp. has a 52-week low of $36.05 and a 52-week high of $55.65. The company’s 50 day moving average price is $47.06 and its 200-day moving average price is $47.50.
Brunswick Corp. (NYSE:BC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ 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 net margin of 5.58% and a return on equity of 22.51%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 earnings per share. On average, analysts forecast that Brunswick Corp. will post $3.48 earnings per share for the current fiscal year.
The business also recently announced 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 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Friday, August 19th. Brunswick Corp.’s dividend payout ratio (DPR) is presently 23.26%.
Several equities analysts recently commented on BC shares. Off Wall Street started coverage on Brunswick Corp. in a research note on Monday, July 18th. They issued a “sell” rating on the stock. Zacks Investment Research upgraded Brunswick Corp. from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Tuesday, August 2nd. Robert W. Baird reiterated an “outperform” rating and issued a $60.00 price objective on shares of Brunswick Corp. in a research note on Wednesday, July 6th. Imperial Capital started coverage on Brunswick Corp. in a research note on Tuesday, September 27th. They issued an “outperform” rating and a $60.00 price objective on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $60.00 price objective on shares of Brunswick Corp. in a research note on Saturday, July 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $56.42.
In other Brunswick Corp. news, CFO William Metzger sold 19,051 shares of Brunswick Corp. 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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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