Fmr LLC grew its position in shares of Brunswick Co. (NYSE:BC) by 30.3% during the second quarter, HoldingsChannel.com reports. The firm owned 2,704,125 shares of the company’s stock after buying an additional 628,227 shares during the period. Fmr LLC’s holdings in Brunswick were worth $174,362,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Brunswick during the second quarter worth approximately $158,000. Meeder Asset Management Inc. grew its position in shares of Brunswick by 1,186.0% during the second quarter. Meeder Asset Management Inc. now owns 2,572 shares of the company’s stock worth $166,000 after buying an additional 2,372 shares in the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Brunswick during the second quarter worth approximately $200,000. GAM Holding AG acquired a new stake in shares of Brunswick during the second quarter worth approximately $203,000. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of Brunswick during the second quarter worth approximately $216,000. Institutional investors own 95.70% of the company’s stock.
Brunswick stock opened at $53.28 on Friday. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.93 and a beta of 1.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.26 and a quick ratio of 0.67. Brunswick Co. has a 12 month low of $48.27 and a 12 month high of $69.82.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 25th. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion. Brunswick had a net margin of 2.12% and a return on equity of 26.19%. On average, analysts anticipate that Brunswick Co. will post 4.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 20th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.58%. This is a boost from Brunswick’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, November 19th. Brunswick’s dividend payout ratio (DPR) is presently 19.54%.
A number of analysts have recently weighed in on BC shares. Zacks Investment Research downgraded shares of Brunswick from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. ValuEngine raised shares of Brunswick from a “hold” rating to a “buy” rating in a report on Friday, September 7th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Brunswick in a report on Friday, July 27th. Imperial Capital reaffirmed an “outperform” rating and issued a $70.00 price objective (down previously from $90.00) on shares of Brunswick in a report on Friday, October 26th. Finally, TheStreet downgraded shares of Brunswick from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $72.77.
In other Brunswick news, insider John C. Pfeifer sold 5,446 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $66.95, for a total value of $364,609.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.00% of the company’s stock.
Brunswick Corporation designs, manufactures, and markets recreation products worldwide. The company's Marine Engine segment offers outboard, sterndrive, and inboard engine and propulsion systems; marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and lubricants; and diesel propulsion systems to the recreational and commercial marine markets.
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