Teachers Advisors LLC trimmed its position in Brunswick Corporation (NYSE:BC) by 22.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,974 shares of the company’s stock after selling 27,597 shares during the period. Teachers Advisors LLC owned approximately 0.10% of Brunswick Corporation worth $5,895,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Eagle Asset Management Inc. increased its stake in shares of Brunswick Corporation by 27.0% in the second quarter. Eagle Asset Management Inc. now owns 628,565 shares of the company’s stock worth $39,429,000 after acquiring an additional 133,452 shares during the last quarter. Bank of America Corp DE boosted its holdings in Brunswick Corporation by 12.8% in the first quarter. Bank of America Corp DE now owns 539,889 shares of the company’s stock worth $33,042,000 after purchasing an additional 61,160 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in Brunswick Corporation by 17.1% in the second quarter. TimesSquare Capital Management LLC now owns 1,950,700 shares of the company’s stock worth $122,367,000 after purchasing an additional 284,300 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Brunswick Corporation by 7.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 509,208 shares of the company’s stock valued at $31,943,000 after acquiring an additional 35,081 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Brunswick Corporation by 2.8% in the first quarter. Principal Financial Group Inc. now owns 375,750 shares of the company’s stock valued at $22,997,000 after buying an additional 10,324 shares during the period. 93.99% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on the stock. BidaskClub lowered shares of Brunswick Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. B. Riley reaffirmed a “buy” rating and set a $70.00 price objective on shares of Brunswick Corporation in a report on Wednesday, August 2nd. BMO Capital Markets dropped their price objective on shares of Brunswick Corporation from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Friday, July 28th. Zacks Investment Research lowered shares of Brunswick Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 29th. Finally, Forward View raised shares of Brunswick Corporation from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Sunday, September 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. Brunswick Corporation has a consensus rating of “Buy” and a consensus price target of $65.54.
Shares of Brunswick Corporation (NYSE:BC) traded up 0.57% during midday trading on Wednesday, reaching $58.51. 166,990 shares of the company’s stock traded hands. The firm has a market cap of $5.19 billion, a PE ratio of 18.56 and a beta of 1.85. The company has a 50 day moving average of $54.81 and a 200 day moving average of $57.26. Brunswick Corporation has a 52-week low of $42.02 and a 52-week high of $63.82.
Brunswick Corporation (NYSE:BC) last announced its quarterly 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 analysts’ expectations of $1.32 billion. Brunswick Corporation had a net margin of 6.13% and a return on equity of 23.35%. Brunswick Corporation’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 EPS. On average, equities analysts predict that Brunswick Corporation will post $4.04 EPS for the current fiscal year.
Brunswick Corporation 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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