Sheaff Brock Investment Advisors LLC grew its position in Brunswick Corporation (NYSE:BC) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,286 shares of the company’s stock after acquiring an additional 712 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Brunswick Corporation were worth $896,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of BC. Capstone Asset Management Co. boosted its holdings in shares of Brunswick Corporation by 3.8% in the first quarter. Capstone Asset Management Co. now owns 7,452 shares of the company’s stock valued at $456,000 after acquiring an additional 270 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Brunswick Corporation by 76.8% during the first quarter. Janney Montgomery Scott LLC now owns 10,188 shares of the company’s stock worth $624,000 after purchasing an additional 4,427 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Brunswick Corporation by 66.3% during the first quarter. Russell Investments Group Ltd. now owns 222,171 shares of the company’s stock worth $13,592,000 after purchasing an additional 88,584 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Brunswick Corporation by 1.3% during the first quarter. Oregon Public Employees Retirement Fund now owns 31,641 shares of the company’s stock worth $1,936,000 after purchasing an additional 400 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Brunswick Corporation by 57.5% during the first quarter. Canada Pension Plan Investment Board now owns 65,500 shares of the company’s stock worth $4,009,000 after purchasing an additional 23,900 shares during the period. 93.99% of the stock is owned by institutional investors and hedge funds.
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 stock was sold at an average price of $63.72, for a total transaction of $174,465.36. Following the completion of the sale, the chairman now owns 219,783 shares in the company, valued at $14,004,572.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Mark D. Schwabero sold 3,289 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $63.73, for a total value of $209,607.97. Following the sale, the chairman now owns 219,799 shares of the company’s stock, valued at approximately $14,007,790.27. The disclosure for this sale can be found here. Insiders have sold 35,579 shares of company stock valued at $2,267,718 in the last quarter. 1.00% of the stock is currently owned by corporate insiders.
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Shares of Brunswick Corporation (NYSE:BC) opened at 55.06 on Friday. The company’s 50-day moving average price is $53.64 and its 200-day moving average price is $57.82. The stock has a market cap of $4.88 billion, a PE ratio of 17.47 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 posted its quarterly earnings results on Thursday, July 27th. The company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.02. Brunswick Corporation had a return on equity of 23.35% and a net margin of 6.13%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company posted $1.17 earnings per share. Brunswick Corporation’s quarterly revenue was up 8.8% on a year-over-year basis. Analysts expect that Brunswick Corporation will post $4.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 22nd were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, August 18th. Brunswick Corporation’s payout ratio is currently 20.95%.
Several brokerages recently weighed in on BC. ValuEngine downgraded Brunswick Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird reaffirmed a “buy” rating and set a $68.00 price target on shares of Brunswick Corporation in a report on Friday, September 8th. Stifel Nicolaus reaffirmed a “buy” rating and set a $68.00 price target on shares of Brunswick Corporation in a report on Thursday, September 7th. Forward View raised Brunswick Corporation from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Sunday, September 3rd. Finally, KeyCorp reiterated a “buy” rating and issued a $62.00 price objective on shares of Brunswick Corporation in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. Brunswick Corporation presently has an average rating of “Buy” and an average target price of $65.93.
Brunswick Corporation 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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