Ameriprise Financial Inc. trimmed its position in shares of Brunswick Co. (NYSE:BC) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 381,530 shares of the company’s stock after selling 8,722 shares during the quarter. Ameriprise Financial Inc. owned 0.44% of Brunswick worth $21,354,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. purchased a new stake in shares of Brunswick during the second quarter valued at $134,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Brunswick by 149.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,550 shares of the company’s stock valued at $160,000 after purchasing an additional 1,529 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Brunswick by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,217 shares of the company’s stock valued at $202,000 after purchasing an additional 280 shares during the period. Advisor Group Inc. boosted its stake in shares of Brunswick by 2.7% during the second quarter. Advisor Group Inc. now owns 3,306 shares of the company’s stock valued at $202,000 after purchasing an additional 87 shares during the period. Finally, Pitcairn Co. purchased a new stake in shares of Brunswick during the second quarter valued at $213,000. 92.66% of the stock is owned by institutional investors.
BC has been the subject of a number of recent analyst reports. Aegis reissued a “buy” rating and set a $73.00 target price on shares of Brunswick in a research note on Thursday, August 17th. Northcoast Research raised shares of Brunswick from a “neutral” rating to a “buy” rating in a research note on Friday, November 3rd. ValuEngine lowered shares of Brunswick from a “buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Forward View raised shares of Brunswick from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Sunday, September 3rd. Finally, Stifel Nicolaus lowered their target price on shares of Brunswick from $68.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $62.50.
Shares of Brunswick Co. (BC) opened at $55.72 on Friday. 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 $4,886.09, a PE ratio of 14.78, a P/E/G ratio of 0.89 and a beta of 1.90. Brunswick Co. has a fifty-two week low of $48.04 and a fifty-two week high of $63.82.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.09). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.16 billion. Brunswick had a net margin of 5.93% and a return on equity of 22.71%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. research analysts anticipate that Brunswick Co. will post 3.85 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 21st will be issued a $0.19 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Monday, November 20th. Brunswick’s payout ratio is presently 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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