BC has been the topic of a number of other reports. Forward View set a $60.00 target price on shares of Brunswick Corporation and gave the stock a hold rating in a report on Sunday, July 30th. BidaskClub lowered shares of Brunswick Corporation from a strong-buy rating to a buy rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of Brunswick Corporation from a hold rating to a sell rating in a report on Monday, July 24th. Royal Bank Of Canada restated a buy rating and issued a $65.00 price objective on shares of Brunswick Corporation in a report on Wednesday, July 12th. Finally, Northcoast Research lowered shares of Brunswick Corporation from a buy rating to a neutral rating in a report on Monday, July 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $65.93.
Shares of Brunswick Corporation (BC) opened at 53.56 on Friday. The firm has a 50-day moving average of $53.73 and a 200 day moving average of $57.87. The company has a market cap of $4.75 billion, a P/E ratio of 16.99 and a beta of 1.82. Brunswick Corporation has a 52 week low of $42.02 and a 52 week high of $63.82.
Brunswick Corporation (NYSE:BC) last released its earnings results on Thursday, July 27th. The company reported $1.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.17 EPS. Equities analysts expect that Brunswick Corporation will post $4.05 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 22nd were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.23%. The ex-dividend date was Friday, August 18th. Brunswick Corporation’s payout ratio is 20.95%.
In other news, Chairman Mark D. Schwabero sold 2,738 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The shares were sold at an average price of $63.72, for a total value of $174,465.36. Following the completion of the transaction, the chairman now owns 219,783 shares of the company’s stock, valued at $14,004,572.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider William Metzger sold 15,301 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $62.50, for a total transaction of $956,312.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,880 shares of company stock worth $3,224,030. Insiders own 1.00% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Boston Partners raised its position in shares of Brunswick Corporation by 3.8% in the second quarter. Boston Partners now owns 9,306,042 shares of the company’s stock valued at $583,768,000 after buying an additional 338,212 shares during the last quarter. BlackRock Inc. raised its position in shares of Brunswick Corporation by 0.9% in the second quarter. BlackRock Inc. now owns 7,553,692 shares of the company’s stock valued at $473,842,000 after buying an additional 65,605 shares during the last quarter. Vanguard Group Inc. grew its holdings in Brunswick Corporation by 1.1% in the second quarter. Vanguard Group Inc. now owns 7,234,542 shares of the company’s stock valued at $453,822,000 after purchasing an additional 76,262 shares during the period. JPMorgan Chase & Co. grew its holdings in Brunswick Corporation by 10.4% in the first quarter. JPMorgan Chase & Co. now owns 2,926,645 shares of the company’s stock valued at $179,110,000 after purchasing an additional 275,751 shares during the period. Finally, Schroder Investment Management Group grew its holdings in Brunswick Corporation by 4.8% in the first quarter. Schroder Investment Management Group now owns 2,293,970 shares of the company’s stock valued at $140,345,000 after purchasing an additional 104,107 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.
About Brunswick Corporation
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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