Aperio Group LLC lessened its holdings in shares of Brunswick Co. (NYSE:BC) by 19.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,838 shares of the company’s stock after selling 3,302 shares during the quarter. Aperio Group LLC’s holdings in Brunswick were worth $775,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. AJO LP boosted its position in shares of Brunswick by 1,548.4% during the second quarter. AJO LP now owns 1,538,793 shares of the company’s stock valued at $96,528,000 after purchasing an additional 1,445,444 shares in the last quarter. Boston Partners boosted its stake in shares of Brunswick by 3.8% in the second quarter. Boston Partners now owns 9,306,042 shares of the company’s stock worth $583,768,000 after acquiring an additional 338,212 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of Brunswick 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 acquiring an additional 284,300 shares during the period. Victory Capital Management Inc. boosted its stake in Brunswick by 14.3% during the second quarter. Victory Capital Management Inc. now owns 1,435,250 shares of the company’s stock valued at $90,033,000 after buying an additional 179,891 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Brunswick by 62.2% in the 2nd quarter. New York State Common Retirement Fund now owns 358,123 shares of the company’s stock valued at $22,465,000 after purchasing an additional 137,371 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.
BC has been the subject of several analyst reports. BidaskClub lowered Brunswick from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Aegis reissued a “buy” rating and issued a $73.00 price objective on shares of Brunswick in a research report on Thursday, August 17th. Wedbush cut Brunswick from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $66.00 to $60.00 in a research report on Friday, August 18th. Jefferies Group restated a “hold” rating and issued a $56.00 price target on shares of Brunswick in a research note on Friday, August 18th. Finally, KeyCorp reiterated an “overweight” rating and set a $62.00 price objective on shares of Brunswick in a research note on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $62.50.
Shares of Brunswick Co. (NYSE BC) traded up $0.57 on Thursday, hitting $56.08. 1,509,319 shares of the stock traded hands, compared to its average volume of 1,065,920. The company has a quick ratio of 0.95, a current ratio of 1.81 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $4,908.88, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 0.89 and a beta of 1.90. Brunswick Co. has a twelve month low of $48.04 and a twelve month high of $63.82.
Brunswick (NYSE:BC) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Brunswick had a return on equity of 22.71% and a net margin of 5.93%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. sell-side analysts forecast that Brunswick Co. will post 3.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 21st will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Monday, November 20th. This is a positive change from Brunswick’s previous quarterly dividend of $0.17. Brunswick’s dividend payout ratio (DPR) is 24.52%.
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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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