Northwestern Mutual Investment Management Company LLC cut its position in Brunswick Co. (NYSE:BC) by 0.2% during the first quarter, Holdings Channel reports. The institutional investor owned 15,428 shares of the company’s stock after selling 29 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Brunswick were worth $944,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in BC. James Investment Research Inc. acquired a new stake in Brunswick during the first quarter worth approximately $145,000. Picton Mahoney Asset Management acquired a new stake in Brunswick during the third quarter worth approximately $278,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Brunswick by 5.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,437 shares of the company’s stock worth $314,000 after buying an additional 342 shares in the last quarter. Tyers Asset Management LLC acquired a new stake in Brunswick during the fourth quarter worth approximately $319,000. Finally, Riverhead Capital Management LLC boosted its stake in Brunswick by 82.9% in the third quarter. Riverhead Capital Management LLC now owns 6,600 shares of the company’s stock worth $322,000 after buying an additional 2,992 shares in the last quarter. 99.34% of the stock is currently owned by institutional investors.
Brunswick Co. (NYSE:BC) traded up 1.15% on Friday, reaching $55.21. The company had a trading volume of 973,209 shares. The company’s 50-day moving average price is $57.85 and its 200 day moving average price is $55.99. Brunswick Co. has a 1-year low of $41.19 and a 1-year high of $61.74. The firm has a market capitalization of $4.93 billion, a P/E ratio of 18.34 and a beta of 1.95.
Brunswick (NYSE:BC) last released its quarterly earnings results on Thursday, April 27th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.02. Brunswick had a net margin of 6.15% and a return on equity of 23.22%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. On average, equities analysts forecast that Brunswick Co. will post $4.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Tuesday, May 23rd will be given a dividend of $0.165 per share. The ex-dividend date is Friday, May 19th. This represents a $0.66 annualized dividend and a dividend yield of 1.20%. Brunswick’s dividend payout ratio (DPR) is presently 22.07%.
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BC has been the topic of a number of recent analyst reports. Zacks Investment Research cut Brunswick from a “hold” rating to a “sell” rating in a report on Friday, April 14th. BMO Capital Markets reissued a “buy” rating and set a $72.00 price target on shares of Brunswick in a report on Monday, March 20th. Imperial Capital raised their price target on Brunswick from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, January 31st. Royal Bank of Canada set a $65.00 price target on Brunswick and gave the company an “outperform” rating in a report on Friday, January 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $56.00 target price on shares of Brunswick in a report on Friday, March 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $64.64.
In related news, insider John C. Pfeifer sold 2,346 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $58.26, for a total transaction of $136,677.96. Following the completion of the transaction, the insider now owns 44,488 shares in the company, valued at approximately $2,591,870.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate insiders.
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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