NN Investment Partners Holdings N.V. acquired a new position in shares of Brunswick Co. (NYSE:BC) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 37,686 shares of the company’s stock, valued at approximately $2,526,000.
A number of other institutional investors also recently made changes to their positions in BC. Voya Investment Management LLC raised its position in Brunswick by 84.5% in the second quarter. Voya Investment Management LLC now owns 2,873,040 shares of the company’s stock valued at $185,254,000 after purchasing an additional 1,315,663 shares during the period. FMR LLC grew its stake in shares of Brunswick by 30.3% in the second quarter. FMR LLC now owns 2,704,125 shares of the company’s stock valued at $174,362,000 after buying an additional 628,227 shares in the last quarter. OppenheimerFunds Inc. grew its stake in Brunswick by 1,754.3% during the 2nd quarter. OppenheimerFunds Inc. now owns 425,625 shares of the company’s stock worth $27,445,000 after purchasing an additional 402,671 shares in the last quarter. SG Capital Management LLC acquired a new position in Brunswick during the 3rd quarter worth $18,507,000. Finally, LSV Asset Management grew its stake in Brunswick by 52.6% during the 2nd quarter. LSV Asset Management now owns 795,140 shares of the company’s stock worth $51,270,000 after purchasing an additional 274,100 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.
NYSE:BC opened at $53.28 on Monday. The stock has a market cap of $4.62 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.93 and a beta of 1.81. Brunswick Co. has a 1 year low of $48.27 and a 1 year high of $69.82. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 0.57.
Brunswick (NYSE:BC) last released its quarterly earnings data on Thursday, October 25th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.09. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Brunswick had a return on equity of 26.19% and a net margin of 2.12%. As a group, research analysts forecast that Brunswick Co. will post 4.69 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be issued a $0.21 dividend. This is an increase from Brunswick’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, November 19th. Brunswick’s payout ratio is presently 19.54%.
Several research firms recently commented on BC. Wedbush boosted their target price on Brunswick from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, August 13th. They noted that the move was a valuation call. Citigroup lowered their target price on Brunswick from $81.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, August 15th. KeyCorp boosted their target price on Brunswick from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. ValuEngine cut Brunswick from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Zacks Investment Research raised Brunswick from a “sell” rating to a “hold” rating and set a $69.00 target price for the company in a research note on Monday, October 15th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $72.77.
In other news, insider John C. Pfeifer sold 5,446 shares of the business’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.
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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